Tokenized Texan house listed for sale on Solana
A company called Homebase listed a property-backed NFT on Solana, allowing consumers to invest in a tokenized house. Buying a share of the three-bed house in McAllen, Texas — the first on the platform — will set you back $100. After investment, they will begin to receive rent monthly in the form of USDC.
Users can invest in single family rental properties through the program. Each home is held in a limited liability company whose ownership is associated with Homebase NFTs. After investment, they will begin to receive rent monthly in the form of USDC, according to a company release. This isn't the first time real estate has been touted for sale on the blockchain. This time last year, Vesta Equity set out to sell fractionalized shares of houses on Algorand.The idea, the company says, is to give better access to wealth-building via real estate on-chain.
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