Digital property in the metaverse is one thing, but an actual house takes NFT ownership to the next level.

Roofstock, a real estate technology company, has facilitated the sale of a tokenised house for US$175,000.

Roofstock raised US$1.9B in a Series E funding round this year, then teamed up with Origin Protocol to launch a real estate project offering on-chain transactions represented as NFTs.

The OpenSea sale comes amid the recent general crypto market meltdown that has left many digital collectibles shedding more than 60% of their value in the past four months.

The NFT holder, who paid for it using the Ethereum-based stablecoin USDC, now has full rights to the property, which has its ?traits? listed on OpenSea like any other regular NFT.