Homebuyer spends $650,000 on house they can't live in

Brooke Rolfe
·News Reporter
·2-min read

Hundreds of thousands of dollars have exchanged hands for a modern, futuristic home with all the luxuries a homeowner could ever desire - but there's one catch.

The new owner will never step foot inside the luxurious abode because it exists only in a digital realm, where it can be downloaded and viewed through either AR (augmented reality) or VR (virtual reality) goggles.

The home, a product of digital artist Krista Kim, was sold for $A650,000, or the equivalent of 288 ether, a type of cryptocurrency, realestate.com reported.

The home exists only as a digital file but regardless was sold for $650,000. Source: Instagram/krista.kim
The home exists only as a digital file but regardless was sold for $650,000. Source: Instagram/krista.kim

Ms Kim wanted to extend on the basic kinds of digital artwork already available for sale online, and set out to create a downloadable version of her own dream home.

The unique digital file containing the house, named the Mars House, is known as an NFT (Non-fungible token). It was the first NFT digital house in the world.

Such files are what Ms Kim believes will soon become a major component of many people's everyday lives.

"This is where we are headed, curating our AR environments with digital 3D NFTs that we love. I want to sit in Mars House with friends in AR and drink Champagne," she wrote to Instagram.

Krista Kim designed her dream home in a digital form. Source: Instagram/krista.kim
Krista Kim designed her dream home in a digital form. Source: Instagram/krista.kim

"I want to have my zoom meetings in Mars House. I will eventually be able to transpose Mars House over my physical environment whenever I fancy. I created Mars House because it is my dream house. I hope the new owner will love it like I do. This is the future of ART."

The house can be sold to other buyers in the future by trading the digital file.

It's among a host of other pricey items available as NFTs including the first tweet from Twitter boss and founder Jack Dorsey which sold for about $US2.9 million.

Gucci also has a pair of digital sneakers that buyers can design for about $US12.

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