Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Elon Musk
Apple
OnePlus
NOTHING
Latest Laptops
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Technology News / World's first digital (virtual) house has been sold for $500,000
Technology

World's first digital (virtual) house has been sold for $500,000

World's first digital (virtual) house has been sold for $500,000
Written by Nachiket Mhatre
Mar 25, 2021, 02:31 pm 2 min read
World's first digital (virtual) house has been sold for $500,000

Not long after NFT or Non-Fungible Tokens took the art world by storm with the sale of a JPG file for $69 million, now someone has sold a virtual house for half a million dollars. The digital art piece boasts of being the first 3D rendered home in the NFT format. It was sold for 288 Ether, which is Ethereum network's digital token.

Virtual estate
House was created by digital artist Krista Kim

The digital house was created by digital artist Krista Kim, who is credited with the 2014 "art movement" dubbed Techism, which blends software and digital media with art. The house is a rather spartan 3D model mimicking the floorplan of a real house replete with furniture and swimming pool. The new owner will receive 3D files of the house to use as they please.

Unusual art style
Dubbed as Mars House, the model has lit-up walls

Kim calls her creation the Mars House, presumably due to the skybox and terrain surrounding the house resembling the red planet. The artist has modelled the walls and structures to be comprised "entirely of light" in order to emit a "zen, healing atmosphere". An unintended consequence of this art style makes it look like a mid-90s amateur 3D Studio Max rendition.

Light and sound
She partnered with Smashing Pumpkins for musical accompaniment

Kim also partnered with Jeff Schroeder of the American alternative rock band Smashing Pumpkins to add a "calming musical accompaniment" to the Mars House. The artist contends that her digital house can be replicated in real life by glass furniture makers in Italy. She also suggests a relatively saner alternative of having the 3D rendition of the house displayed using a TV.

Instagram Post
You can see her post here

Instagram post

A post shared by krista.kim on March 25, 2021 at 2:27 pm IST

Digital art collection
What is NFT? Why it shouldn't be confused with Bitcoin?

The digital house has been sold as an NFT, which is blockchain-driven digital entity whose ownership is tracked using Ethereum infrastructure. NFTs shouldn't be confused with Bitcoins because of their non-fungible nature. That means there is only one instance of an NFT that cannot be duplicated or split into parts. This makes them ideal for trading and collecting art, memes, and media.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Nachiket Mhatre
Nachiket Mhatre
Mail
Growing up, I had a penchant for disassembling appliances; most of which couldn’t be reassembled successfully. My parents didn’t approve. Now, I leverage my lifelong pursuit of dissecting gadgets to write about tech. My parents still don’t approve.
Latest
Ethereum
Blockchain
Related
Latest
COVID-19: India logs 14,506 fresh cases, 30 more fatalities
COVID-19: India logs 14,506 fresh cases, 30 more fatalities India
Assam floods: Google introduces SOS alert system on Maps, Search
Assam floods: Google introduces SOS alert system on Maps, Search Technology
Cristiano Ronaldo's fitness drill - workout and diet
Cristiano Ronaldo's fitness drill - workout and diet Lifestyle
SC to hear Sena's plea challenging floor test at 5pm
SC to hear Sena's plea challenging floor test at 5pm Politics
Rivaling Tesla Model 3, Hyundai introduces IONIQ 6: Check features
Rivaling Tesla Model 3, Hyundai introduces IONIQ 6: Check features Auto
Ethereum
Sensex rises 934 points, Nifty settles above 15,600 points
Sensex rises 934 points, Nifty settles above 15,600 points Business
Sensex closes at 51,598 points, Nifty settles at 15,350
Sensex closes at 51,598 points, Nifty settles at 15,350 Business
Sensex falls 135 points, Nifty settles below 15,300 points
Sensex falls 135 points, Nifty settles below 15,300 points Business
Sensex slips 153 points to 52,693, Nifty below 15,750 mark
Sensex slips 153 points to 52,693, Nifty below 15,750 mark Business
Sensex slips over 1,450 points, Nifty settles below 15,800
Sensex slips over 1,450 points, Nifty settles below 15,800 Business
More News
Blockchain
Adam Neumann's Flowcarbon raises $70mn through VC funding, token sales
Adam Neumann's Flowcarbon raises $70mn through VC funding, token sales Business
Here's what the Bitcoin Taproot upgrade changes for its stakeholders
Here's what the Bitcoin Taproot upgrade changes for its stakeholders Technology
Tesla stops accepting Bitcoin as it is not environment-friendly
Tesla stops accepting Bitcoin as it is not environment-friendly Technology
Disaster Girl has sold her viral meme for $500,000
Disaster Girl has sold her viral meme for $500,000 Technology
Million-dollar NFTs could disappear with time if they aren't maintained
Million-dollar NFTs could disappear with time if they aren't maintained Technology
More News
Related
Sunny Leone becomes first Indian actress to enter NFT arena
Sunny Leone becomes first Indian actress to enter NFT arena Entertainment
DC giving free NFTs if you signup for this event!
DC giving free NFTs if you signup for this event! Technology
Next News Article
Next News Article

Love Technology news?

Subscribe to stay updated.

Science Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022