Someone very rich (or dangerously insane) just spent more than $500,000 to purchase an NFT of a virtual home. “Mars House” is a piece of digital artwork by Techism artist Krista Kim.
What will the buyer do with it? Most likely place the home in a metaverse: a virtual world where people routinely buy and sell virtual real estate, goods, and services.
This has been quite a week for NFTs. Christie’s auctioned off an NFT of Beeple for more than $69 million, Jack Dorsey auctioned off a file of his first tweet for over $2.9 million, and my friend Harry made an NFT of a fingerpainting his four-year-old son did in preschool and sold it for $135.
Are people high on NFTs or just high?
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.