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

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