UK's First Tokenized Land Sale

Lymington beachfront property for sale in cryptocurrency

A PRIME beachfront property with no bidding history is up for sale for $1.33m in cryptocurrency. This is the first sale in UK property history.

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Property advisory firm West London City Lets has set up a Tokenized Properties sub-agency to expedite the sale of Lymington properties using NFTs.

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Tokenized Properties has partnered with Mattereum, NFT agency Mint Collective, and a team of investors to facilitate the sale.

The land is on sale for one month from September 26.

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According to consultants, selling properties as NFTs "removes the bureaucracy associated with standard real estate transactions."

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The land has an approximate area size of 2,680sqm, and has potential future uses such as an art gallery, multiple artist studio pods or a high-end café.

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Bidders will need to register once through the tokenized property website. Once approved a link will be sent for sale. Investors can trade NFTs for as long as they like for up to 5 years.

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