The worlds of cryptocurrency and real estate are merging in South Florida as blockchain technology takes investment opportunities to new levels. 

Earlier this year, national real estate developer PMG, which recently broke ground on E11EVEN Hotel & Residences, a luxury high rise in Downtown Miami’s Park West district, was the first known development company to accept cryptocurrency for condominium deposits in pre-construction projects. Miami also saw the biggest such residential real estate transaction when an anonymous buyer paid $28 million in cryptocurrency for a penthouse in Miami Beach.