- People now buying virtual houses and land
- Mars House just sold for amount equal to $520,000
Market for â€œNonfungible Tokensâ€ or NFTâ€™s Exploding
At a March 2021 online art auction held by Christieâ€™s, an NFT artwork by Beeple sold for $69.3M.Â Just to be clear, someone paid $69.3M for a virtual artwork that does NOT exist.
Super WorldÂ Platform Designed to Buy & Sell Virtual Real Estate
Super World, an AR virtual world platform, buys and sells virtual real estate and land.Â Already, according to the companyâ€™s chief executive and co-founder Hrish Lotikar, Super WorldÂ has sold â€œthousands of propertiesâ€ in 2021 for an average of some $2,000 for a â€œplotâ€ measuring approximately 100m X 100m, or approximately the size of Yankee Stadium.
Lotikar himself has already â€œgrabbedâ€ nearly 50 virtual properties including the Gaza pyramids in Egypt, Piccadilly Circus in London and several blocks around Manhattan and Times Square.
Lotlikar said, â€œItâ€™s definitely a land grab now.â€
How Does Super WorldÂ Work?
Super Worldâ€™sÂ one-minute video on its website sums it up pretty well. The platform is billed as a virtual world where â€œcreativity and entrepreneurship come together.â€
Users are encouraged to buy, sell, create and explore one or more of its 64.8B unique plots that are â€œmappedâ€ over the real world.Â What does the â€œreal worldâ€ have to do with Super World?Â Users could buy/sell/create/explore the plot â€œmappedâ€ over San Franciscoâ€™s Golden Gate Bridge or Parisâ€™ Eiffel Tower.
Users are also encouraged to personalize â€œyour worldâ€ with AR interactive 3D, photos, objects, animation, textâ€¦whatever it is you want and know how to do via AR.
In fact, the highest Christieâ€™s auction bidder and new owner of Mars House has been given permission to â€œhost the first metaverse wedding in June in Mars House,â€ said Lotlikar.Â (Metaverse is the term for shared virtual space.)
By the way, all transactions on Super WorldÂ are done on the Etherium blockchainâ€¦translationâ€¦all transactions are â€œeasy, private, and secure.â€
NFT Real Estate A Fad or The Future?
Marcus Fairs, the founder and editor-in-chief of Dezeen,a publication that covers the world of virtual design sold as NFTs, is curious about the possibilities NFT real estate.Â He said, â€œI do think the movement behind it is valid.Â Clearly, weâ€™re moving very quickly now to a state where a virtual world can do everything we can do in the physical world.â€
All anyone has to do is put on a pair of AR glasses to do everything we can do in the physical world.
As Super Worldâ€™sÂ moniker says, â€œOur world is your world.â€
Thanks to The New York Times.
For more information on Super World,click
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