- The land was sold for a value of 150,000 Dogecoin
- Dogecoin’s value has plummeted, but it won’t change the price of the deal
- Gives people and investors another avenue to participate
According to Turnto10, the land was sold in exchange for just cryptocurrency. A sale of land in Wayne Street in Providence became the first recorded real estate transaction to be carried out in cryptocurrency.
The land was sold for $50,000 worth of Dogecoin
The seller said it would be great if his land were sold just in exchange for the cryptocurrency, Dogecoin. Realtor Kyle Seyboth commented that it was a very innovative step to show that they are ahead of time. Seyboth, who owns The Seyboth Team, a local Century 21 office, sealed the deal. The land was sold for a value of 150,000 Dogecoin amounting to up to $50,000, confirmed Seyboth.
An Innovative way to Prove That People are way Ahead of Times
With immense support from Tech and Finance giants like Elon Musk and Mark Cuban, cryptocurrencies have tremendously appreciated their value. However, the recent news of Tesla not accepting bitcoin anymore has dropped the value of Dogecoin. However, the information and the price plummet won’t change the sale price, which is already under contract. Seyboth feels that the cost of the sale is decided when the purchaser goes into contract. It will be pretty interesting to see which side is on profit considering DOGE’s price fluctuations.
Seyboth said that this new innovative deal had got his phones ringing, as the people wanted to do a similar thing. He said that it gives people another avenue to participate in, and since investors are tech-savvy, it will be looked forward to by many people.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.