Roofstock onChain Announces Sale Of Alabama Rental Property Via NFT On Ethereum Blockchain

Digital real estate platform Roofstock announced on Friday the successful sale of a rental property in Alabama through a non-fungible token (NFT) enabled by Roofstock onChain (ROC), its Web3 subsidiary. What Happened: The transaction was settled via an NFT marketplace on the Ethereum (CRYPTO: ETH) blockchain built by Origin Protocol.

Timeline of Ethereum

A recent report details that Russia's largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank's blockchain laboratory, said that open testing will begin in March.

Ethereum price analysis shows ETH is trading at $1,663.79 after opening today's trading session at an intraday high of $1,703.03. Ethereum is trading in a horizontal trend; however, it is facing minor selling pressure and a rejection from the $1,700 resistance level.

Key Points: EigenLayer, an Ethereum restaking protocol that has yet to deploy, is raising $50 million in a Series A fundraising round, according to The Block and two persons familiar with the situation.

Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum's price seeing significant growth this year, its network's gas fees have also seen a similar increase.

Bitcoin (CRYPTO: BTC) traded lower, but remained above the key $23,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded losses, but remained above the $1,600 mark this morning.

A red-hot Ethereum (ETH) scaling solution printed a fresh all-time high on Thursday after a new protocol upgrade proposal. Optimism (OP) reached a peak of $3.10 on Thursday, the token's new all-time high (ATH). OP has since retraced to $2.

According to Wu Blockchain: "The burning amount of Ethereum reached 3040 on February 2, reaching a new high since November 10 last year. The main burning sources are Uniswap and OpenSea.

Ethereum (ETH) is noticeably on the rise along with the overall increase in performance of most crypto assets. Though general crypto market sentiment continues to be the key driver of Ethereum price growth, network activity has boosted confidence among all Ethereum investors.

With a price increase of over 40%, Ethereum [ETH] had a successful January. Although short-term investors can consider this a success, would it be advantageous to hold the asset for the foreseeable future?

The Ethereum [ETH] network has come one step closer to the Shanghai hardfork with the launch of a testnet. The testnet, titled Zhejiang, will reportedly serve as a precursor to the eventual launch.