Owned by businessman Rick Hilton, the father of the reality show star Paris Hilton, the elite real estate company Hilton & Hyland announced the sale of the Roman mansion of the XVI century at a cryptocurrency auction, CCN reported.
Located in the historic center of Rome, the Palazzetto mansion, designed by the Michelangelo's apprentice architect Giacomo della Porta, has 11 bedrooms and 15 bathrooms. Palazzetto will be put up for sale on the decentralized trading platform Propy for $ 35 million.
Propy uses blockchain to eliminate the complexities associated with cross-border transactions. The mansion in Rome will be the most valuable asset in the company's portfolio and the most expensive real estate object that has ever been sold for a cryptocurrency.
The auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset.
Co-founder, Hilton & Hyland
In 2017, 20 houses were sold for cryptocurrency, including a house in Miami with seven bedrooms at a price of 455 bitcoins (equivalent to $ 6 million).