• Portugal property sold at 3 BTC, without conversion to euro
• This property is worth approximately 110,000.
• Zome Real Estate, which led the acquisition of the property, indicated that it is currently developing Web3 projects.

According to a Portuguese news site, the property was purchased for only (BTC), without conversion to euro. The transaction marks a historic moment in European real estate.

Three bitcoins were used to purchase the T3 apartment located in Braga (Portugal), which was valued at around 110 000 euros. As witnesses, the deed to the apartment was executed by Zome Real Estate, Antas da Cunha Ecija Law Firm, Chairman of Notaries and Crypto Valley Switzerland partners.

Zome broke the news through a Facebook (NASDAQ:) post, stressing that the company is “on the frontlines” when it comes to Web3 technologies and crypto adoption:

This deed represents a historic milestone, the transfer of a digital asset to a physical asset – a house – without any conversion to euros. A new world of potential business opportunities in real estate is available today, according to us!

Carlos Santos (chief technology officer at Zome) believes that this transaction will bring new possibilities to the business. Nuno da Silva Vieira, an Antas da Cunha Ecija lawyer, shares the same sentiment, saying that the transaction can be a “great opportunity for growth and value creation” in Portugal.

In the latter part of the post, Zome revealed that other Web3-related projects are being developed by the company and will be unveiled “very soon.”

Another news: Gucci, an Italian luxury brand, recently revealed that it will accept Bitcoin (SHIB), Ethereum (ETH) and LTC as payments in some US locations. The service will be launched later this May at some of the brand’s flagship stores, including their stores in Rodeo Drive, Los Angeles and Wooster Street, New York.

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