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    You are at:Home»All»Someone just bought a virtual ‘NFT’ house for $500,000
    All March 22, 2021

    Someone just bought a virtual ‘NFT’ house for $500,000

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    An artist has sold a house that no one can ever live in for $500,000.

    That’s because the house is virtual – it’s a digital file traded online just like Bitcoin.

    It sounds bizarre, but it’s part of a new online trading craze.

    Buyers are swapping something called NFTs, which are swapped like Bitcoin.

    But unlike Bitcoin, each NFT is totally unique – so if you buy one, you’re the only person with it in the world.

    The virtual home is called Mars House, and can be viewed in virtual or 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,” said Kim, speaking to 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.”

    The buyer can upload the file into 3D worlds to experience it – and even explore it using AR or VR goggles.

    “I actually foresee that we will be living in an augmented reality lifestyle within a very short period,” Kim added.

    This isn’t the first wacky NFT sale we’ve seen.

    Elon Musk has made a techno song that he’s selling as an NFT.

    And Gucci is even selling virtual trainers that no one can actually wear.

    Category: Technology

    Source: New York Post

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleJack Dorsey’s first tweet sells for $2.9 million as an NFT
    Next Article Investors distance themselves from the photo-sharing app Dispo after controversy.

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