This Completely Digital Home Just Sold for Over $515,000—and No, It Doesn't Exist
On Tuesday night, a property dubbed the "Mars House" sold for roughly $515, 460. This futuristic minimalist abode, designed by Toronto-based artist Krista Kim, features gorgeous views, glossy see-through furniture, and lots and lots of fiery orange tones. However, what really makes the home stand out is its location. No, it's not physically located on Mars, but it can only be found on a 3D file.
The Mars House is the first NFT (non-fungible token) digital home to exist (or rather to not exist?) in the world. The crypto art home was thoughtfully designed to create a zen and therapeutic atmosphere. Kim even tapped The Smashing Pumpkins's Jeff Schroeder to create a special background track to further enhance the home's soothing aura.
On Sunday, Kim listed the home for sale on the art-selling platform SuperRare. It was only available for purchase with ETH, or Ethereum tokens, a cryptocurrency similar to Bitcoin. A few offers rolled in between 0.01 and 33 ETH. According to the New York Post, who spoke with the artist, she had initially priced the home at 30 ETH (roughly $60,ooo). Luckily, she held out: One user offered a number that greatly succeeded her expectations — 288 ETH, or $515, 712.
The designer took to Instagram to announce the exciting news. She explained that she would be putting the profit from the home into her Continuum Foundation, "which will support a world tour of healing sound and light art installations for mental health and healing."
Currently, the Mars House only exists as a 3D file; which will now be transferred to the new owner and can then be uploaded into his/her Metaverse. However, the furniture in the home can actually be produced in real-life by makers in Italy as well as through MicroLED screen technology for a separate commission, according to the listing. It's unknown if the new owner has plans to bring these pieces to life, or just keep everything strictly virtual.
Either way, buying a home this high-tech comes with strict guidelines. Krista Kim Studio Inc. retains ownership of the Mars House copyright; therefore, any digital or physical reproductions of the home are restricted. Also if the owner happens to resell the home, he/she must delete all Mars House files from his/her Metaverse (and receive official verification by Krista Kim Studio Inc.) before transferring files to the new owner. After 40 years have passed, this file transferring system will be placed under trusteeship by Krista Kim Studio Inc. You can learn more about the Mars Home here.
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