The digitalisation of our world has entered a whole new step. The world’s first virtual home has just been sold. Amount? Over 2 million PLN. It’s a property “from Mars”, designed by artist Kristy Kim.
Kristy Kim and her Mars House
Mars House was created by Toronto-based artist Kristy Kim. This is the world’s first virtual house sold on the NTF (non-fungible token) market.
The properties of the product can – to put it mildly – be surprising. The digital home can only be used in the e-world. It will never be built. It’s just a digital record. It was designed using Unreal Engine.
Interestingly, Kim took care of the details. The style of the house should match the atmosphere on Mars. The house has transparent walls with an applied slope. Mars House also reflects its designer love of meditation.
Where does this price come from?
Someone looking at this type of investment might think the buyer has gone crazy. He eventually paid a fortune for something that does not exist, or at least has no physical form. One can consider that this type of purchase is a sign of our time and a desperate attempt to invest in everything that is not a fiat currency.
But it is also about something else. Virtual property has been coded using the blockchain standard and NTF technology. So it’s unique. No one can copy it, which is possible thanks to a special digital certificate. We are talking about something like a registration in the real estate register or a patent office.
The house was listed and sold on the NFT SuperRare market for 288 Ether.
NFT mode
The world’s first NFT tokens were the CryptoPunks series. The project consists of 10,000 units. Each of them is an 8-bit image measuring 24 × 24 pixels. The creators describe the whole as “A digital work that contains both the image of the character and the blockchain’s ownership mechanisms.” The graphic presents different characters: the title cyberpunks. Some of them will now be auctioned at Christie’s, the iconic English auction house founded in 1766 in London by James Christie.
