Propy Successfully Auctions World’s First Real Estate NFT

TechCrunch Founder, Michael Arrington’s Kyiv Apartment makes history once again as property sells for nearly 5x starting bid.   
June 9th, 2021, San Francisco, CA − Propy, the world’s leading real estate industry innovator in transaction automation using blockchain technology, successfully minted and auctioned the first real estate NFT. 

The apartment, which was the first property to be sold using blockchain technology back in 2017, was owned by Michael Arrington, founder of TechCrunch and Arrington XRP Capital.  Arrington decided to sell the apartment (located in Kyiv, Ukraine) as an NFT to further showcase the power of blockchain technology to innovate the real estate industry.

“I’m very excited to have bought the first real-estate NFT from Michael Arrington with Propy,”
says new owner, Devon Bernard.

“This historic property will be the first of many, as crypto evolves the real estate industry.” 
“I’m thrilled with the results of the auction and the work our partners and our team did to bring this project to fruition.  It’s a major milestone in leveraging the promise of blockchain technology and non-fungible tokens (NFT) to achieve self-driving real estate transactions.” 
– Natalia Karayaneva, CEO of Propy.

for more information visit https://propy.com/blog/propy-successfully-auctions-worlds-first-real-estate-nft