KISS Rocker Gene Simmons Accepting Crypto for $13.5M Vegas Mansion

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

Gene Simmons also called the Demon announced that he “is selling his home in Henderson’s Ascaya community for $13.5 million.” His three-level 11,000 square feet mansion features luxuries from a floating walkway to glass sculptures to floor-to-ceiling disappearing glass walls. Moreover, it has “a basement, six bedrooms, and eight baths.”

“I have been an outspoken proponent of cryptocurrency from the beginning,” Gene Simmons said. “It is the future of money, and it just makes sense to offer interested parties the option of using cryptocurrency to purchase the estate.”

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

Interestingly, Cardano (ADA) was not included on that list. Nearly one year ago, Simmons Tweeted,

“I just bought $300,000 of CARDANO (ADA). I’m not a Financial Analyst and I’m not telling U to buy or not to buy. Simply letting U know what I am doing and what I believe in. Why? Because I believe it’s going up..and it’s always up to you to research & decide.”

The company to represent the home is called The Ivan Sher Group, according to Blabbermouth.

Is crypto new to real estate?

Real estate investments using crypto are getting more recognized with projects like Bricktrade which is the first real estate tokenization platform. Users can invest in real estate in the UK at as low as £500 without any paperwork or even a lawyer from anywhere in the world.

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

Ryan Serhant is a real estate celebrity known for his “Million Dollar Listing New York” expects that half of real estate transactions will be in crypto in the near future. 

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