We could have thought that the excitement around NFTs would only be temporary, but the craze seems to continue and even intensify. After the sale of the cryptographic token of the first tweet in history for the modest sum of 2.9 million dollars, and this story, a little more zany, of the sale of the arm of a tennis player in NFT, here is that the phenomenon is gaining the world of real estate.
Recently, a house named “Mars House”, created by artist Krista Kim, sold for a modest sum of 616,132 Canadian dollars. This may not seem like much for a building of this type, with many windows offering a breathtaking view of the mountains, chic decoration and large living spaces. But what makes this mansion special is that it doesn’t exist, even though it is described as being based in Toronto, Canada. It is a digital work, in this case, “the world’s first NFT digital home”.
SuperRare, the digital art platform on which the house was sold, said Mars House was the world’s first virtual house available in non-fungible tokens (NFT). These are non-fungible tokens, ensuring that the files purchased are unique copies and protecting their ownership. The buyer of the house will receive the files sent by Krista Kim herself.
By Canadian artist Krista
Canadian artist Krista Kim recently sold the virtual home she created in 2020 for a cool 288 Ether, a cryptocurrency that is on the rise. So she sold her digital home for just over €417,000 on Wednesday, March 24. The 3D work is called Mars House (La maison martienne, in French), reports the site Dezeen.
Read also: Why this madness for digital works?
SuperRare, a platform specializing in digital artworks on which the house was sold, said that Mars House was the world’s first virtual house available in non-fungible tokens (NFT). These are non-fungible tokens, ensuring that the files purchased are unique copies and protecting their ownership. The buyer of the house will receive the files sent by Krista Kim herself.
More than just a virtual house
Technical assistance will also be offered to the buyer to download the work. The visuals of the house that can be explored through virtual reality are accompanied by a musical accompaniment. This one was composed by Jeff Schroeder, member of the Smashing Pumpkins. SuperRare has promoted the work as more than just an investment opportunity in the NFT market.
For example, all the elements of the digital house can be made in reality. It is also possible to project images of the home onto a wall. The latter was developed using the Unreal Engine software, usually reserved for video game development. The artist wanted to give her home a “zen and soothing atmosphere”.
Krista Kim described Mars House as “a sculpture of light”. Her approach is a way to “use the flow of digital life to highlight the importance of well-being. The digital home will eventually be able to be superimposed on real elements using augmented reality.
future virtual Zoom parties
What was sold was the NFT of this virtual house, its digital certificate of authenticity guaranteeing that it is a unique property in the world. The new owner will not be able to live in it, but he will be able to explore it in virtual reality or in augmented reality thanks to a 3D file. To acquire it, he will have paid nearly 288 Ethereum, a unit of which was worth 2138 Canadian dollars at the time of purchase, or more than 400 000 euros in total. It’s a bit expensive to organize his future virtual Zoom parties.
