Has the world gone completely mad? Mars House the world's first NFT house designed by Toronto based artist Krista Kim recently sold for $500,000 ..
In case you’ve never heard of NFT, it stands for non-fungible token and it's become the latest digital fad. Created using blockchain technology just like Bitcoin the inaugural piece of crypto real estate was designed to promote mental well-being and calmness. Sold via the NFT marketplace SuperRare for 288 Ether (approximately $512,000/ £360,000) ), which may sound expensive however if you consider digital artist Beeple recently sold his Everydays—The First 5000 Days NFT artwork for a record breaking $69.3 million at auction and Twitter co-founder Jack Dorsey sold his first tweet as an NFT for a whopping $2.9 billion it seems a bargain!
Comprised entirely of light, the visual effects of Mars House are meant to omit a zen, healing atmosphere. The artist also partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment.
So what made the file a compelling purchase?
Beyond the promise of buying into the lucrative NFT market, the home which can be experienced in the 3D world using AR or VR goggles comes furnished and according to the listing all of the furniture can be built in real life by an unnamed glass furniture-makers in Italy.
This verified ownership transfer system will be appointed to Krista Kim Studio Inc. trusteeship, after 40 years of the date of the sale. Krista Kim Studio Inc. retains ownership of Mars House NFT copyright. All rights reserved. All reproductions of Mars House (NFT) in both digital and physical formats, are restricted.
