World’s first digital NFT house sells for $500,000

It is a common thing to move homes in order to get an update or change in surroundings. However, you are most likely not thinking of a digital home when you are looking to move. Recently, the Mars House, the world’s first digital NFT (non-fungible token) home, sold for more than $500,000. 

Conversation surrounding NFTs has been growing immensely recently. An NFT is “a unique digital token which effectively verifies authenticity and ownership. It is encrypted with the artist’s signature on the blockchain, a digital ledger used in cryptocurrencies such as bitcoin.” 

Krista Kim, the digital artist of the Mars House, was paid with 288 Ether, which is equivalent to $514,557.79. 

See Lianne Kolirin, World’s first digital NFT house sells for $500,000, CNN, March 24, 2021. 

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.