The prime beach-front plot on the south coast of England will be listed on the blockchain for the equivalent of £1.9m in Ethereum on September 26th, 2022-
This will be the first UK property company to support the sale of physical land through an NFT. It will also be the first time this style of property sale has taken place in the UK.
Unlike other NFTs which fluctuate in costs with the crypto market, our NFT allows for stability as the physical land value will only increase.
The NFT will be minted on September 26th at an online auction. Anyone who wishes to bid on the sale will be vetted and must complete a Whitelist form beforehand.
Investors will be able to trade the NFT as many times as they wish, for 5 years. However, should the owner of the NFT want to legally take possession of the land, they will have the option to transfer the property with a token purchase of £1.
Join us on the 27th of September in our Online Panel Event – The Web 3 Future of Real Estate
We’re bringing together industry leaders to discuss the future of Real Estate and the transition into Web 3.