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 o...



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.

Now CNBC has revealed that artist Krista Kim has sold an “NFT-minted” digital house for 288 ether.

That works out at around $500,000.

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.

Twitter founder Jack Dorsey is selling his first tweet as an NFT for millions.

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.

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Newsrust - US Top News: Someone just bought a virtual ‘NFT’ house for $500,000
Someone just bought a virtual ‘NFT’ house for $500,000
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