Tokenized Home Sold Out in Under 2 Weeks!

Homebase sold out its first tokenized rental property, The Cardinal, on Solana in less than two weeks.

The Deets

The Cardinal, a $235k single-family rental, was tokenized into $100 NFT shares.
Investors will receive rent via USDC directly to their crypto wallets monthly.
Homebase handles property management and improvements.
User security is prioritized, with SEC-registered tokens and token recovery processes.

❗Why It Matters

This successful experiment demonstrates the potential for mass adoption of tokenized real estate and a shift towards decentralized finance in the property market. Although Homebase is not the first to sell real-estate via NFTs, its approach and rental distribution is slightly different than the mechanics showcased via sales on Roofstock. As the non-crypto world grapples with "real use cases," the Homebase sale represents a glimpse into the future crossover of real estate and blockchains.

📊 By the Numbers

$235,000: The value of The Cardinal, the first tokenized rental property
$100: The cost of each fractional NFT share
< 2 weeks: Time taken to sell out all NFT shares

🎬 Take Action

You can sign up for early access to Homebase's next tokenized property offering at app.homebasedao.io/register.

Users must verify their identity and be from the United States in order to invest.

Author Bio

Logan Hitchcock

NFT Analyst

Logan is a content lead at Lucky Trader and is best known for selling every good NFT far too early. He also maintains an irrational exuberance for clay-based NFTs.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.