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Paris Hilton’s father to Auction Mansion in Cryptocurrency

Jake Hill
Jake Hill

Paris Hilton’s father Rick Hilton, Chairman of Hilton & Hyland is bringing an 11-bedroom 16th Century Roman mansion he intends to auction via a cryptocurrency website. This is a great news for cryptocurrency enthusiasts as celebrities are using it for their property sale. This property is to be sold on June 28.

The purchase will take place in collaboration with Propy.com, an international property shop, and de-centralized registry. This palazzo is allegedly worth over $US 35 million ($AUS45.8 million).

“The auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset,” says Rick Hilton.

The Palazzetto

According to realestate, This Mansion is in the Italian capital and designed by Giacomo Della Porta that had been influenced by Michelangelo.

The Palazzetto is composed of 11 bedrooms, 15 a half bathrooms, and 3 kitchens together with a movie theater, a health spa, and a gymnasium. Also includes a small church with a beautiful roof-top which gives an incredible view of Rome. The property is of a whole area of 1613sq m.

This past year, Suburban homes had been allegedly sold with cryptocurrency and also more are put to promote this particular year.

Up to now the most expensive home to be sold with cryptocurrencies has been a seven-bedroom Miami estate purchased together with 455 bitcoins, the equal value of about $ US 6 million.

The online auction using blockchain technology is an incredible way for the worldwide real estate market, the list itself can also be pretty amazing.

cryptoparishiltonrealestate

Jake Hill

Coming from a University Education in Computer Science, I am interested in blockchains and Bitcoin since 2014 and even mined at the time. The rumors of Bitcoin bubble made me run away, but I have com