PRESS RELEASE: Pioneering Australian Move: Iconic Junction Property Sold with Insured NFT Artwork – A Radical Game Changer in Real Estate and Digital Art Markets

SYDNEY, AUSTRALIA – A landmark property at 187 Bruce Street, The Junction is set to rewrite history. In an unprecedented move, the property owner is set to become the first in Australia to include an insured Non-Fungible Token (NFT) artwork in the sales contract, heralding a new age in the real estate and digital art markets.

This avant-garde initiative involves the conversion of a physical artwork, valued at approximately $30,000 to $40,000, into an NFT. This digital transformation is backed by Qorra, a pioneering force in the field of NFT insurance, signifying a secure step towards integrating digital assets into traditional transactions.

The original artwork, a significant feature of the home, will accompany the sale. However, should the new owner choose to dispose of it, the insured NFT token will ascend as the primary asset. This presents buyers with a unique, safe investment opportunity in a tokenized art piece thanks to Qorra’s innovative insurance framework.

Renowned local artist Brett McMahon, celebrated for his work in the new Newcastle courthouse, is the creator of the remarkable artwork. McMahon has endorsed the conversion of his commissioned piece into an insured NFT token, adding even more uniqueness to this trailblazing sale.

This ground-breaking endeavour opens the door for possibilities such as fractional purchases, image licensing, and potential increase in value due to the inherent scarcity associated with NFTs, all safeguarded by Qorra’s protective umbrella.

Expected to spark significant interest and potentially go viral given its novel nature, the owner of the residence, artist Brett McMahon, and Adam Mazzocchetti of Qorra, are available for interviews to delve deeper into this radical fusion of real estate, art, and insured NFTs.

Journalists keen to explore this revolutionary story are encouraged to contact Adam Mazzocchetti at [email protected] to schedule interviews and photograph sessions. Further information about NFT tokenised art can be accessed here: https://www.investopedia.com/non-fungible-tokens-nft-5115211

The Selling agent Lyndal Allen of the real estate for the property is also available for comment.

The Artist Brett Mcmahon’s email contact: [email protected]

Experience the future of real estate transactions today, where the physical and digital worlds blend seamlessly under the assurance of Qorra’s pioneering NFT insurance solution.