Cryptocurrency firms are expanding their physical footprint in New York

Yet when Okada first offered the NFT, it was valued at around $12,000; now worth half. As her company seeks tenants for the building, s...


Yet when Okada first offered the NFT, it was valued at around $12,000; now worth half.

As her company seeks tenants for the building, she also puts the property offered for sale as NFT — essentially a ticket to acquire the deed.

Houses have been sold this waybut Mr Okada, who is offering his building on OpenSea for $29.5 million or 15,105 Ether, the cryptocurrency that can be used to buy NFT, said he believed it was the first time that a commercial building in New York followed the same path. .

Whether this is the wave of the future or a marketing gimmick remains to be seen, insiders say.

Solana, who took a 10-year lease at 141 East Houston, has no plans to fill her new office with office space for employees — the company doesn’t require daily appearances. Instead, he plans to build the space for meetings and training camps, known as hacker houses.

Solana also plans to occupy a floor at EmpireDAO, the new web3 coworking operation, at 190 Bowery, a six-story former bank with historic status that was the photographer’s longtime home. Jay Maisel. Solana speaks for TerraUSDa stablecoin that imploded this month.

EmpireDAO is envisioned as a kind of creation space for the Web3 community. Its management system will be cryptocurrency-based, said Mike Fraietta, founder of EmpireDAO, but its owner, RFR, demands old-fashioned rent payments.

“Our lenders require US dollars, we make our mortgage payments in US dollars, which means our rents must be in US dollars,” said AJ Camhi, leasing manager at RFR Realty.

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Newsrust - US Top News: Cryptocurrency firms are expanding their physical footprint in New York
Cryptocurrency firms are expanding their physical footprint in New York
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