[PRESS RELEASE – Whittier, California, December 19th, 2024]
NFTfi.com, a leading NFT lending protocol, and Fabrica, a real land tokenization platform, today announced a $200,000 loan secured by a tokenized plot of Los Angeles real land.
This milestone transaction marks the largest land-backed loan in blockchain history and demonstrates the growing practical application of decentralized finance (DeFi) in traditional real estate markets.
Pioneering Real Estate Innovation
The groundbreaking loan, where the borrower is the early Ethereum investor and NFT collector Tony Herrera, represents a significant advancement in real estate tokenization. The transaction validates six years of Fabrica’s development of a compliant, secure tokenization system that upgrades property ownership through blockchain technology.
“As an early believer in Ethereum, I…
Read Full Article at: CryptoPotato
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