The Gabber: February 17, 2022

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Digital subscriptions provided by the City of Gulfport THE GABBER.COM No. 2748

February 17, 2022 - February 23, 2022

Cryptic Sale By Abby Baker

ABBY BAKER

A Gulfport house made history last week as the first home in America sold as an NFT.

Aside from a bell in the front yard, the 2100-square-foot, blueand-white Gulfport house at 6315 11th Ave. S. is as unassuming as its neighbors. But the house itself is a game changer in the world of cryptocurrency.

On Thursday, Feb. 10 the Spanish-style home sold as an non-fungible token (NFT) and became the first piece of real estate in America to sell via NFT auction. An NFT is not a physical token, but an electronic one, stored on blockchain (think of blockchain as a dig-

ital ledger that doesn’t “live” in any one place, but in several). Another way to think of blockchain: “a ‘chain’ made up of individual ‘blocks’ of data”, according to forbes.com. It’s a pretty niche concept, but NFTs and Bitcoin have been heating

Crypto House continued on page 7

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