@ms16969 23 October 2022 more from that month

Digital real estate platform Roofstock has announced a simplified way to buy a house using a non-fungible token (NFT). The sale of a $175,000 property in Columbia, South Carolina was completed by Roofstock onChain, a subsidiary of RoofStock Web3 that performs instant transactions on the RoofStock NFT marketplace built on the Origin protocol. Eliminating intermediary fees is one of the pillars of Web3, and this is just the beginning. As more real estate is brought online through NFTs, we will see more efficient and liquid markets for these traditionally illiquid assets,” said Matthew Liu, co-founder of the Origin protocol. Web3 removes the traditional barriers to buying real estate by making the process more efficient, transparent and cost effective. Instead of waiting months for underwriting, valuations, title deeds and paperwork, I was able to buy a property fully insured and ready to rent with just one click. And best of all, I'm not a Web3 expert,” buyer Adam Slipakoff said.