Binance involved in world's first live crypto property auction
- Crypto exchange giants Binance partnered with James Pratt Auctions and NuYen Exchange to launch the world’s first live property auction using cryptocurrencies.
- The property is located Casuarina, a town located in north-eastern New South Wales, Australia.
Binance has partnered with James Pratt Auctions and NuYen Exchange to launch the world’s first live property auction using cryptocurrencies. The buyers will be able to use Bitcoin (BTC) and Binance Coin (BNB) and the auction will take place on April 8th.
The property is located Casuarina, a town located in north-eastern New South Wales, Australia. The property is named “The Jetsons” because of its futuristic style which is geared towards bidders who have a “quirky, yet refined taste.” Binance CEO, Changpeng Zhao, confirmed that Binance does not own the house.
Reactions on Twitter
Twitter user rallyqt (@rallyqt) wrote:
“This house is futuristic! It’s for sale for 471 Bitcoins $BTC (appr. $1.8 million at current prices) or I’m guessing ~200K Binance coin $BNB. The crypto price is way cheaper than fiat price. Nice.”
Brad Laurie, an Australian crypto educator, said:
"I actually have seen this house for sale for a while now, (it's down the hill and road for me in Australia). Imagine @cz_binance in a decade. When it was first advertised it was just in $BTC so this addition of $BNB is interesting."
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
