Market Watch reports former Facebook executive and Green Bay native, Chris Murphy recently put his "Packer House" up for sale. “Murphy, a crypto enthusiast, wants to use the funds to back bitcoin initiatives,” said Natalia Karayaneva, chief executive of Propy.
Fans with $1 million in cryptocurrency will literally be able to walk to games at Lambeau Field from their new digs.
Now off-market according to Zillow, this 3 bedroom is the first U.S. property to be sold on the blockchain, global property marketplace Propy said. The 1,000-square-foot property was listed for $1 million in cryptocurrency, but real estate website Zillow estimated its value to be just over $256,000.
That hefty $1 million asking price seems doable, given Bitcoin’s value today at close to $14K. Only 76 Bitcoin and you’re in the door to your new house, one of six known for their Green Bay Packer/NFL proximity appeal.
That is if Murphy were actually taking Bitcoin, which he’s not.
Why market a home using blockchain?
Blockchain is the foundation of cryptocurrency. It prevents double spending of the same coin, and it gives the consumer a verifiable self-recording digital ledger.