Half a House in St. Louis Put Up for Auction as an NFT

A Mintable user, Ivan Malpica, has put up for sale part of a house in St. Louis as a non-fungible token (NFT).

@mintable_app let’s make this happen! First ever REAL estate #NFT

I’ll take the lead and show them the path. 🙏🏽https://t.co/VO4a7JiWcn

— Ivan Malpica (@IvanMalpica9) March 10, 2021

The lot comprises half of a house at 5828 Wise Avenue. According to the description, in 2020 it was valued at $138,000 and yielded $1,200 per month in rent.

Bids start at 42.43 ETH (about $74,330 at the rate at the time of writing). The NFT has no legal effect; to secure ownership the buyer will need to sign a standard agreement with the seller.

In March, Twitter founder Jack Dorsey put up for sale his first tweet as an NFT. At the time of writing the top bid had reached $2.5 million. Dorsey pledged to donate the proceeds to charity.

Earlier, the NFT copy of Banksy’s burned painting titled “Morons” sold at auction for 228.69 ETH. Former DC Comics artist José Delbo earned $1.85 million selling NFTs featuring Wonder Woman.

NFT marketplaces’ monthly turnover neared $500 million.

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