Next month, a property in the city of Casuarina, Australia, will be put up for auction – in collaboration with the Binance exchange – and it will be possible to use certain crypto to participate.
The James Pratt Auctions agency has in fact entered into a partnership with both Binance and the NuYen exchange in order to have the logistical support on the crypto side. The company Trigon Trading, instead, will support the exchanges for a possible transaction in bitcoin (BTC).
The property, called “The Jetsons”, can be bought using bitcoin (BTC) and Binance Coin (BNB).
The building, located on the beach – consists of 5 bedrooms, 3 bathrooms, 3 parking spaces, an Olympic swimming pool and much more, for a total of 841 square meters.
This auction is the first of its kind, as confirmed by Binance CEO Changpeng Zhao in a tweet:
The world's first live property auction using cryptocurrency streaming. Accepting Bitcoin & Binance Coin #useBNB https://t.co/pt4ULhkSOC
— CZ Binance (@cz_binance) March 11, 2019
It all starts next month, on April 8th, 11 am AEST, and to participate it will be necessary to register in advance on the official website of the real estate agency.
Real estate industry and crypto
This is certainly the first crypto auction of its kind, but it is not the first time that the real estate industry has been interested in collaborating with companies in the blockchain sector or even in tokenising real estate.
Just yesterday, in fact, the news was announced that Emaar Properties – the company behind the largest skyscraper in Dubai – wants to launch an ICO and its own blockchain platform.
Whereas a few weeks ago, there was mention of the initiative of Inveniam Capital Partners wanting to tokenise 4 real estate projects using the Ethereum blockchain for a total of 260 million dollars.
And that’s not all: in Malta, in November, a building in the historic centre was put up for sale accepting also payments in bitcoin (BTC). Malta, it is worth remembering, has also been dubbed Blockchain Island, precisely because of its commitment to remain at the forefront of the industry and also to adopt crypto-friendly regulations.