Would you want to match your real life house to your home in the metaverse?
Given NFTs have no tangible form, you might have wondered if investing in one is worth it. But what if it had a physical counterpart? Not for art or everyday items (like the trashcan NFT that sold for $25,000)—but in a mansion where you can actually live.
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The “MetaReal” mansion is coming together through a partnership between ONE Sotheby’s International Realty, Voxel Architects, along with contractor and NFT collector Gabe Sierra.
Virtual and physical
Its physical location will be in a one-acre lot in Miami. The 11,000 square feet home will include seven bedrooms nine bathrooms and is scheduled for completion in the last quarter of 2022.
To acquire the home, you have to buy the ownership rights of its virtual NFT version first. Although the price hasn’t been released, the first-ever NFT house sold for $500,000 last year and didn’t come with a place you can physically stay.
Building a piece of Metaverse history. #metaresidenceone 🏗🔜🏡🏞 @TheSandboxGame
— MetaResidence (@MetaResidences) February 1, 2022
🎨 @blumofficial #Metaverse #realestate #nft #nfts #build #architecture pic.twitter.com/FAssuJOdfy
According to Forbes, ONE Sotheby’s Michael Martinez, the executive sales agent for the NFT and property, plans to execute the purchase on the Ethereum Blockchain.
Ethereum is a community-run technology database that powers cryptocurrency. Other blockchain technology platforms include QTUM, NEO, and Cardano.
Home in the metaverse
The Meta Residence founder, Gabe Sierra, says that the property blurs the lines between the physical world and the virtual metaverse. “The metaverse counterpart of the home will serve as an extension of the real-world home, allowing the buyer to host in-home meetings, events, and parties with guests from around the world,” Sierra tells Forbes.
“By mimicking the real-world environment of the buyer, we are creating an experience that blends the lines between metaverse and reality. Imagine fighting off a dragon, traversing over a mountain range, and finally arriving at your metaverse property, where you are greeted by your friends who are visiting to check out your new Bored Ape NFT. After interacting in your virtual living room, you exit the metaverse, and you are now sitting inside that same real-world house. That is the experience we are creating.”
But why would you need a place to “live” in the virtual world? Meta’s founder, formerly known as Facebook, Mark Zuckerberg, referred to the metaverse as “an embodied internet that you’re inside of instead of just looking at.”
In digital reality, you can socialize, play games, interact with people from all over the world, and do other things you already do in real life.
So, if you buy the NFT Miami home, you’ll have a place to host friends and family just like you normally would, IRL or otherwise.
Banner photo from metaresidences.com
