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Tribune News Service
Tribune News Service
Business
Morgan Hughes

The future is now? South Carolina becomes blockchain testing ground with house bought as an NFT

COLUMBIA, South Carolina — History is purportedly being made in Columbia.

Last month, a handful of entrepreneurs announced they had created a process to allow a person to buy a home completely online and in a matter of minutes. A real estate investor, Adam Slipakoff, says he bought a $175,000 house in southeastern Columbia near Garners Ferry Road with the click of a button.

“I never imagined I could buy and finance a house with a simple click, rather than going through the time-consuming and cumbersome traditional settlement and mortgage process,” which can sometimes take months, Slipakoff said in a widely-circulated statement.

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