First “NFT” House Sold For More Than $500,000

Some people are getting tired of their “old” homes after about a year stuck in them. And someone went over the roof with this $500,000 purchase of an “NFT” house.

NFTs, non-fungible tokens, are unique digital tokens that effectively verify authenticity and ownership. The artist’s signature gets encrypted on the blockchain, a digital public record used by cryptocurrencies like Bitcoin. The buyer under the name @artontheinternet paid artist Krista Kim more than $500,000 for the “Mars House,” the world’s first NFT home. In return, the buyer would receive 3D files to upload to their “Metaverse,” a virtual extension of our world where virtual land gets traded and digital homes and businesses get built. Users can “live” and interact through their digital avatar.

That all might seem silly, but it does help when strokes of paint don’t work. What do you think? Do you like the idea of a digital house? If you do, then it’s time to check your wallet and start saving up money. Or, you could also win the lottery!