The first-ever auction of a real apartment will take place on Propy.
The appartment is located in the Svyatoshino district in the western part of Kyiv, Ukraine. It is a brand new studio apartment with a full kitchen and a full bathroom.
The current owner of the property is Michael Arrington who is TechCrunch Founder. He purchased it in 2017 in the first residential real estate smart contract recorded on the Ethereum Blockchain.
A lucky bidder will get the real apartment with access to the ownership transfer paper, apartment photos, and unique NFT by a popular graffiti artist, Chizz. A physical artwork by Chizz is painted on a wall of the apartment.
The auction will last 24 hours. The starting price for the NFT apartment is $20,000.