In another episode of ‘What to do with this truckload of money’, a digital art piece of a “Mars House,” just sold for more than half a million dollars. – By Gerald Gekara.
The splendid piece of work was sold by a Toronto-based artist Krista Kim, who valued the work at 30 Ethereum tokens for the slick virtual home set on Mars.
She eventually accepted an offer of 288 Ethereum tokens, the equivalent of $515,459 (Ksh. 54.9 Million).
The buyer, under the name @artontheinternet, purchased the NFT on the SuperRare platform. The same buyer purchased $44,000 worth of NFTs from Kim earlier in the week week.
Kim said on Twitter that the “majority of proceeds” would go toward an organization to “support a world tour of healing sound and light installations for mental health and healing.”
A NFT is sort of a stamp of authenticity for digital media, like an image, video or song. They are most commonly used to trade ownership of an “original” version of something, although they can be used to represent anything, even a copy of some media.
The new owner of the 3D digital file will be able to explore the open-plan mansion’s rooms using virtual reality (a digital world) or, in future, augmented reality (where digital elements added to a view of the real world).
