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Tokenized Texan House Listed for Sale on Solana

A company called Homebase listed a property-backed NFT on Solana, allowing consumers to invest in a tokenized house. 

Buying a share of the three-bed house in McAllen, Texas — the first on the platform — will set you back $100. There are 2,468 tokens on offer, worth a total $246,800.

Users can invest in single family rental properties through the program. Each home is held in a limited liability company whose ownership is associated with Homebase NFTs. After investment, they will begin to receive rent monthly in the form of USDC, according to a company release. 

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