San Francisco’s historic first Bitcoin home, 20Mission, to auction 75-year NFT lease

SAN FRANCISCO, April 29, 2021 (GLOBE NEWSWIRE) – (via Blockchain Wire) –– 20Mission (http://www.20mission.com/), a pioneering start-up community and co-living space for creatives, technology and entrepreneurship in San Francisco will launch its first auction of spaces in this historic building, minted as NFT on May 5. Ownership of each NFT gives the option of signing a 75-year lease at just $ 1 per month. Besides the real estate asset, auction winners will also receive an additional NFT which gives them the exclusive right to use their space as a virtual asset. The NFTs representing each space will be minted on a peer-to-peer NFT market from May 5th.

Developed by Bitcoin exchange pioneer Jered Kenna and founder of the first Bitcoin exchange in the United States, 20Mission is a crypto landmark and location of the very first Bitcoin home, which was the first to accept Bitcoin for rent. . It hosted San Francisco’s First Bitcoin Meeting, the first Bitcoin art exhibit, starred for the first Bitcoin documentary: The Rise and Rise of Bitcoin in 2014, and served as the founding venue for TradeHill and Ripple. , as Jered introduced future CEO Chris Larsen to Ripple on the Rooftop. 20Mission now offers luxurious co-living spaces in the heart of San Francisco, fully equipped for turnkey living with a neighboring community of startups integrated to promote entrepreneurship.

“NFTs have had a huge impact on virtual real estate with digital home sales, but there is a largely untapped market for NFT-related real estate,” said Jered Kenna, Founder and CEO of 20Mission. 20Mission presents an all-new model that will turn things around in the real estate market, allowing auction winners to lease cohabitation space with a 75-year lease for a San Francisco property for a fraction of the cost with no payments of utilities and no taxes ever. ”

The starting auction price for the NFTs of each venue will be set based on the size, location and amenities of each coliving space. Bidders will also be able to purchase NFTs for virtual access to any future virtual property of 20 missions.

For more information on 20Mission and the NFT auction, please visit: http://www.20Mission.com/.

ABOUT 20 Mission:
20Mission is a 41-room community in San Francisco oriented towards art, technology and entrepreneurship in the heart of the Mission District. The space is composed of commercial spaces and individual rooms, fully equipped for a turnkey living. Developed by Jered Kenna, creator of TradeHill, the first Bitcoin exchange, 20Mission is a crypto landmark and the location of the very first house to accept Bitcoin for rent payment. 20Mission now allows tenants to buy NFTs at auction to lease co-living spaces with a 75-year lease for $ 1 per month. For more information, visit http://www.20mission.com/.

Media contact: 20mission@transformgroup.com
Company contact: press@20mission.com


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