NFT token that gives ownership of a real house collapses by 40%

According to the CoinDesk platform, the value of the NFT house has dropped from $ 29 million to $ 17 million (15 000 ETH). The CEO of the agency selling the house, Chris Okada, said on Twitter that the company will put its NFT up for sale again at a price of $ 29.5 million.

We will be RE-listing at the original $ 29.5M valuation details soon. @CoinDesk @elitanjourno https://t.co/E5bgQMv8eX

— Chris Okada (@ChrisOkada) June 15, 2022

An unusual NFT appeared on OpenSea in early June. At that time, Okada & Company, a commercial real estate firm in New York, announced the sale of a seven-story office building (4301 square meters).

The purchase of a non-fungible token gives you the right to own a physical building: «You get the real estate after purchasing the NFT. You can live in the building or rent it out. It is not just an expensive jpeg,» Okada & Company explained.