virtual reality digital house

Unlivable digital ‘Mars House’ sold for half a million dollars [Video]

WHAT’S BEING CLAIMED:

  • An artist has sold her virtual house as a digital file for $500,000.
  • The bid was done through NFT, the new online trading craze.
  • Other famous personalities and companies are also joining the craze by selling random items, such as the Twitter founder’s first tweet and Elon Musk’s techno song, as NFT.

A digital house, which is not physically livable, was sold for $500,000.

Artist Krista Kim created and sold the half-a-million-dollar virtual house.

The house is a part of a new online trading fad as it was sold as a digital file online.

Similar to Bitcoin transactions, buyers swap digital files called NFTs. Unlike Bitcoin, however, these files are completely unique. The purchaser is the only one in the world who owns what they bought.

According to CNBC, Kim sold her “NFT-minted” digital house for 288 ether, which is around half a million dollars.

Called the “Mars House,” the virtual home can be viewed virtually or in augmented reality.

“Right now, a lot of the [NFT] art that’s currently available on platforms, it’s a very limited parameter of how you can present the art,” Kim told CNBC. “It’s presented, basically, as a digital file, a beautiful drawing or video on your screen… But my intention was to look beyond that.”

Kim added that she foresees that people will start living in an augmented reality in the near future.

The house file can be uploaded into 3D worlds to experience it and can even be explored using AR or VR goggles.

This pricy online deal isn’t the first story of its kind. Twitter founder Jack Dorsey sold his first tweet as an NFT for millions. Elon Musk is also selling his techno song as an NFT, and non-wearable Gucci trainers are being sold by Gucci itself.

Source: New York Post

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