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Europe Completes Its First Ever Blockchain Real Estate Sale for €6.5 Million - Zint Design
A photo illustration of the digital Cryptocurrency, Ethereum. (Photo Illustration by Yu Chun Christopher Wong/S3studio/Getty Images) 2018 S3STUDIO Last week, the AnnA Villa in Paris made history by becoming the first ever European property to be sold entirely via blockchain transaction. The luxury building, located in the city’s Boulogne-Billancourt district, was valued at €6.5 million, and was sold to French real estate companies, Sapeb Immobilier and Valorcim. The process involved first transferring ownership of the building to a joint-stock company (SAPEB AnnA), then dividing the company into 100 tokens to be distributed to the owners respectively. Each token can be further