The Curious World of NFT Real Estate and Design

People are selling and buying art, furniture and even houses and land that exist only virtually.

It’s not uncommon for people to buy vacation homes they may only visit a few times a year. What about a home you never visit? And that doesn’t actually exist?

The market for digital files sold as “nonfungible tokens,” or NFTs, has exploded this year, most notably when an artwork by Beeple sold for $69.3 million at an online auction held by Christie’s in March. But real estate, architecture and design are also booming in the virtual marketplace.

Hrish Lotlikar, co-founder and chief executive of SuperWorld, an augmented reality virtual world, said the company had sold

→ Continue reading at The New York Times

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