Origin Protocol completed the development of their NFT marketplace for Roofstock OnChain, which they launched. However, this is created to make it possible to exchange real-time properties in the metaverse. As a result, the very first such sale has taken place.
This incident makes it the first ever real estate property in the real world to be sold, and all relevant matters attached to it settled amicably on an NFT marketplace. However, this is indeed a very encouraging bit of news for the entire team at Origin Protocol. Additionally, it opens the door to many other possibilities and opportunities, earlier unheard of.
The first-ever sale that was very successfully executed was of a wonderful three-bedroom house someplace in Columbia. The sale was transacted for an amount of $175,000 with the usage of the United States digital currency, the tokenized version of the U.S. dollar (USDC), which also happens to be a stablecoin.
However, in this scenario, both the buyer and the seller found the entire deal process till it finally came through very easy, hassle-free, and extremely convenient. The ownership documents were turned over correctly and immediately, making it less bothersome. The brokerage fees were also very negligible comparatively. Altogether, this is the beginning of a new experience in the real estate dealing field.
