Rome-based mansion of the Hiltons to be sold through a cryptocurrency auction
A historical building Palazzetto owned by Paris Hilton’s father will be soon available on a decentralized trading platform with the initial price of $35 m.
Hilton & Hyland owned by Rick Hilton has officially announced putting a XVI century mansion up for sale. The building was designed by Giacomo della Porta, a Michelangelo apprentice. Palazzetto is placed at the very heart of Rome and consists of 11 bedrooms and 15 bathrooms.
Rick Hilton chose a cryptocurrency auction for real estate’s growing trust in blockchain. The businessman finds it incredibly prospective for investors.
The idea will be fulfilled on Propy, a blockchain platform focused on the elimination of problems accompanying cross-border agreements. The company’s Senior Blockchain Architect is a Ukrainian Andrii Zamovsky who also founded Ambisafe, a project that helps prepare and launch ICO with offices in Kyiv and San Francisco. The team consists of 5 Ukrainians.
The Hiltons’ property in Italy is expected to be Propy’s most expensive asset. Palazzetto sale will be top in the list of mansions bought for crypto money.
Real estate for bitcoins is currently available in the U. S., the UAE, and Indonesia. One of the most large-scale transactions today is a Miami-based house sold for crypto cash estimated at $6 m.