James Pratt Auctions is launching the world’s first crypto-enabled live property auction. The auction, made in partnership with NuYen Exchange, will offer real estate to be purchased in Bitcoin (BTC) and Binance Coin (BNB). The event kicks off on April 8th.
According to the listing on RealEstate.com.au,
“The future is here! This onsite auction will be conducted by James Pratt Auctions & Advisory services provided by NuYen Blockchain on Monday April 8th, 11am AEST 2019.”
“A world first live property auction for Crypto Currency streaming onsite around the world. Accepting Bitcoin & Binance Coin creating a borderless payment system.”
Located in Casuarina, Australia just 30 minutes from Byron Bay, the lavish 5-bedroom beachfront home features a 25-metre heated lap pool, in-ground trampoline, entertainment terrace, outdoor shower and gated beach access, among other amenities.
Dubbed “The Jetsons”, the home highlights futuristic styling with curved horizontal windows and Google Home automation. The Googie-inspired design uses a mix of bold geometric shapes, glass, concrete and steel.
James Pratt Auctions joins auctioneers who continue to increase real estate and auction use cases for crypto. Back in 2018, Auctionity set out to revolutionize the world of auctions using crypto and blockchain technology.
In October 2018, Stellar-based Smartlands Platform announced a real estate tokenization project for properties managed by Colliers International, a Toronto-based real estate firm with offices in 69 countries.