• Gene Simmons of KISS is accepting cryptocurrency in exchange for a $13.5 million Vegas mansion

  • Gene Simmons, the Israeli-American musician and frontman of KISS, is an early cryptocurrency adopter who recently revealed that he will accept cryptocurrency for the purchase of his multi-million dollar home in Las Vegas.

    Gene Simmons, also known as the Demon, recently announced that he is “selling his home in Henderson’s Ascaya community for $13.5 million.” His three-story, 11,000-square-foot mansion includes amenities such as a floating walkway, glass sculptures, and floor-to-ceiling disappearing glass walls. It also has a “basement, six bedrooms, and eight baths.”

    “I have been an outspoken supporter of cryptocurrency since its inception,” Gene Simmons said. “It is the future of money, and it only makes sense to offer interested parties the option of purchasing the estate using cryptocurrency.”

    He will accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Uniswap (UNI), Polkadot (DOT), Aave (AAVE), or a combination of these digital currencies, according to the 72-year-old musician.

    Surprisingly, Cardano (ADA) was not on that list. Simmons tweeted nearly a year ago,

    “I just spent $300,000 on CARDANO” (ADA). I’m not a financial analyst, and I’m not going to tell you whether or not to buy. Simply informing you of what I’m doing and what I believe in. Why? Because I believe it is rising…and it is always your responsibility to research and decide.”

    According to Blabbermouth, the company representing the home is called The Ivan Sher Group.

    Is cryptocurrency new to the real estate market?

    Real estate investments using cryptocurrency are becoming more popular, thanks to projects such as Bricktrade, the first real estate tokenization platform. Users from all over the world can invest in real estate in the UK for as little as £500 with no paperwork or even a lawyer.

    The platform brings to the decentralized ecosystem over 120 years of industry experience and £21 billion in property deals.

    Ryan Serhant, a real estate celebrity known for his “Million Dollar Listing New York,” predicts that in the near future, half of all real estate transactions will be conducted in cryptocurrency.

    “I see a world very soon in which crypto is used in 50% of all real estate transactions and contracts are recorded on the blockchain and’signed’ as NFTs (non-fungible tokens),” Serhant said. “Our agents are currently working on many wallet-to-wallet crypto transactions in both New York and Florida — a trend you’ll hear a lot about in 2022 as wealthy crypto holders look to diversify into hard assets.”

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