Real estate history is being made in Rome on June 28 when the luxury brokerage Hilton & Hyland will conduct the first-ever property auction using blockchain technology.
The property being offered for blockchain auction is The Palazzetto
, a four-story, 17,362-square-foot 16th century mansion created by architect and sculptor Giacomo Della Porta. The mansion includes 11 bedrooms, 15.5 bathrooms, a private garden and a rooftop terrace with 360-degree views of Rome, including St. Peter’s Basilica in Vatican City. And buyers don’t have to worry about finding a local IKEA for furnishings, as the auction includes a collection of furniture and frescos dating from the 16th to 19th centuries.
"The auction shows real estate's growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset," says Rick Hilton, Chairman of Hilton & Hyland.