Digital real estate platform Roofstock sells homes as NFT to support Stablecoin purchases

BlockBeats, February 6 Digital real estate platform Roofstock announced the sale of Alabama homes as NFT through its Web3 subsidiary Roofstock onChain, with the support of Stablecoin purchases. The property NFT trades on the NFT market developed by Origin Protocol, and Teller Protocol offers a DEFI-based loan option. If the user applies for a loan through Teller, Teller will purchase the property NFT through USDC Homes and hold it in escrow into the contract until the borrower has repaid the loan in full, along with interest. As BlockBeats previously reported, digital real estate platform Roofstock has completed a $240 million Series E funding round at a valuation of $1.94 billion with participation from SoftBank.