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News / World's first digital NFT house sells for $500,000
« Last post by NFT News on March 24, 2021, 11:53:53 PM »
Having spent so much time at home over the last year, many people are craving a change in their surroundings.
But if a coat of paint or some creative renovations fail to do the trick, there is now a more extreme alternative: The digital house.
Mars House, the world's first digital NFT (non-fungible token) home, has recently sold for more than $500,000.
NFTs have made headlines recently, allowing digital art and other musings such as drawings or music to be sold online.
An NFT is a unique digital token which effectively verifies authenticity and ownership. It is encrypted with the artist's signature on the blockchain, a digital ledger used in cryptocurrencies such as bitcoin.
The new owner paid digital artist Krista Kim 288 Ether -- a cryptocurrency that is equivalent to $514,557.79 -- for the virtual property.
In exchange, the buyer will receive 3D files to upload to his or her "Metaverse."
Metaverse is a virtual extension of our world, Kim told CNN Tuesday, where plots of virtual land are purchased and traded, and digital homes and business are built.
There is a market for digital assets such as fashion and accessories and users can live and interact in a Metaverse through their digital avatar.
Kim said the concept behind the house was "inspired by being locked down during the pandemic."
Kim, who describes herself as a "Techism artist," told CNN: "Mars House represents the next generation of NFTs. It is a sign of things to come, as we enter an AR (augmented reality) interfaced future, with the launch of Apple AR glasses and AR contact lenses.
"Art, NFTs, cryptocurrencies... these sweeping changes and ideas of how we will live with digital assets is becoming a reality and will create a global paradigm shift.
"Also, after being confined due to Covid-19, we need more innovative ideas on how our interior environments can heal us, as mental health has become a primary concern for all."
The house is intended "to omit a zen, healing atmosphere," Kim said in a post on Instagram earlier this month.
The artist said that she partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment.
12
News / Jack Dorsey's tweet
« Last post by NFT News on March 22, 2021, 10:56:44 PM »
Jack Dorsey’s First-Ever Tweet Sells as NFT for $2.9 Million
In a development that will be confusing to both generations future and current (WTF) Twitter CEO Jack Dorsey sold the first tweet he ever sent out into the world as an NFT. For the following message from March 2006, along with his signature, he got 2,915,835.47:

The tweet was auctioned off from a platform called Valuables, which offers up tweets “autographed by their original creators.” It was purchased by Sina Estavi using the cryptocurrency Ether. Estavi’s Twitter profile says he’s in Malaysia, and that he’s the CEO for Bridge Oracle, a blockchain company. He also offered up a justification for his purchase (I mean, it’s his money) by stating his belief that people will eventually come around to appreciate the tweet’s significance:

As for how this went down, on March 6, Dorsey put out a link to the website showing you where you could bid on the NFT. On March 9 he stated his intent to donate the winning bid to charity, specifically to people in Africa impacted by COVID-19. And it was also decided that the bidding would end on March 21 (Sunday) as it marked the 15th anniversary of the social media platform.

On Monday afternoon Dorsey tweeted out the receipt for his GiveDirectly donation:

Sent to @GiveDirectly Africa fund 🌍Thank you, @sinaEstavi.
— jack (@jack) March 22, 2021

As for the split, Dorsey got 95 percent of the proceeds, while the company that owns valuables (Cent) got five percent.

According to Reuters, Cent CEO Cameron Hejazi said that the platform he heads up allows buyers to appreciate a tweet in a way that can’t be done through existing options (like, comment, RT, etc.)

“These assets might go up in value, they might go down in value, but what will stay is the ledger and the history of ‘I purchased this from you at this moment in time’ and that’s going to be in both the buyer, the seller and the public spectators’ memory,” he said. He also claimed that these things are “inherently valuable.”

Buy into that if you want.
www.nfttag.org

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