Lastly, another notable development occurred in Spain, where a “tokenized” apartment was purchased using Ethereum (ETH) by domestic and international buyers, reportedly making it the first property in the nation to change hands in a purely crypto-funded deal. The transaction involved multiple participants, including real estate investment firm Rental IT, which successfully tokenized the property and facilitated the purchase from 32 different investors across Spain, Argentina, and Mexico — with the original owner receiving payment in fiat euros.
Is The Future of Real Estate Web3-Based?
