Gene Simmons, the vocalist for the famous Kiss rock band, plans to sell his Las Vegas mansion for cryptocurrency. According to one report, the mansion’s asking price is $13.5 million.
Details of the Sale
According to Simmons, a bassist, and songwriter, he will accept Bitcoin, Litecoin, Ethereum, Uniswap, Polkadot, Aave, Try, or a combination of these coins for the sale. During an interview with Blabbermouth.net, the rock star noted that he had been an outspoken supporter of crypto from the start. He added that crypto was the future of money. As a result, it made sense to offer those who wanted to buy the mansion the option to pay in crypto.
Simmons bought the mansion in 2021 but he now appears eager to sell it. According to reports, the property has a distinctive and modern look with unparalleled artistic beauty and scenery. It is located at 7 Talus Court in the Ascaya community in Henderson, just south of the Las Vegas strip. It offers a panoramic view of the Las Vegas valley and the Strip. The home itself is perched high above the valley and occupies 11,000 square feet.
How Would the Sale Occur?
It would appear that Simmons intends to receive payment for the deal in crypto. In the recent past, those who have chosen to conduct deals in crypto often chose not to handle any of the crypto themselves. However, in Simmons’s cases, no such arrangement has been revealed.
If he does opt to receive payment directly in crypto, it could prove to be a great deal for him or it could go wrong in the short term. The reason for this is the fluctuating nature of the crypto market. As a result, he could make a few million more or lose a few million within days depending on the combination of coins in which he is paid. Thus far, no one appears to have taken him up on his offer to buy the property in crypto.
Crypto and Real Estate
The crypto sector is not new to real estate. For instance, the blockchain, which is the technology that powers crypto, has been suggested as a great solution to many problems facing the real estate market. Thus far, the crypto and real estate sectors have moved quite close together. For instance, one home was recently sold as an NFT for over $650,000 in Florida. The sale was the first time a real-estate-backed NFT had been sold in the US.
Is the Band About to Disband?
According to a recent report in Ultimate Classic Rock, the brand will disband at the start of 2023. According to Paul Stanley, one of the band members, the band will probably play their last show in New York. According to Stanley, the band will slow down and take it easy. He highlighted the physical demands of the show as one of the reasons for this. No matter what happens, Simmons’ decision to sell his mansion in crypto is something we will closely follow and inform you if anything comes of it.
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