Fabrica, an innovative property management platform that utilizes NFTs, is in the spotlight for facilitating a landmark blockchain-enabled real estate transaction in Sun Valley, Arizona — as highlighted by the investor, Sean Murray, in a recent X post.
The land’s current owner, known by the Ethereum address ‘3531.eth’, used their Sun Valley plot as collateral for a loan through Fabrica. In this arrangement, failing to repay the loan will result in the transfer of property ownership to the lender.
Murray utilized NFTs to overcome the traditional financial barriers for investing in this parcel. He secured a loan using an NFT as collateral through NFTfi — a leading liquidity protocol — achieving an advantageous loan-to-value ratio of 32%.
He is now on the verge of having full ownership of the grounds, with only $785.05 (0.257397 ETH) remaining to be paid by March 25.
