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A landmark event in the realm of tokenized real estate has occurred as Tony Herrera secured the largest on-chain loan backed by land to date. The loan, valued at $200,000 USDC, is backed by a property in Los Angeles, which has an estimated value of $708,356. This milestone was facilitated by NFTfi and Fabrica, marking a significant advancement in the use of blockchain technology for real estate transactions. The transaction highlights the growing intersection of cryptocurrency and traditional real estate markets.
Huge milestone for tokenized real estate āØ Powered by @fabricaland & @NFTfi, @tonyherrera takes out the largest onchain real estate loan to date https://t.co/ydhH2IE5fj
What @fabricaland is building with tokenized land is mind blowing Real & valuable use cases for crypto showing up by the day And @tonyherrera just made the largest purchase so far š„ https://t.co/keRhm3PhsJ
Wow this is very cool The largest onchain real estate loan to date, facilitated by NFTfi https://t.co/pUJG5Shuc9