First home on Mars! Virtual house NFT imagined on the Red Planet that features glass walls and furniture made of renewable materials sells for more than $500,000

• The world's first digital NFT home, called Mars House, sold for $514,557.79 that is imagined on the Red Planet 
• It has glass walls and comes furnished,  along with featuring a dining, seating and sleeping area 
• The buyer received the NFT as a 3D file is uploaded to Metaverse - the artist hopes they project on a wallHumans have yet to step foot on Mars, but a futuristic dwelling on the Red Planet has just been sold.

  Mars House, which is the world’s first digital NFT (non-fungible token) home, recently sold for more than $500,000.

  The virtual structure was sent as a 3D file to the buyer’s Metaverse by the creator Kirsten Kim, who said she designed it during the coronavirus pandemic to ‘create a healing atmosphere using her Digital Zen philosophy.’The Mars House comes furnished with items made from tempered glass and fabric and includes a dining, sitting and sleeping area, along with a flowing infinity pool.

  The home appears to sit atop a mountain on the Red Planet, providing residents with stunning views of the Martian landscape.

  

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  Humans have yet to step foot on Mars, but a futuristic dwelling on the Red Planet has just been sold. Mars House, which is the world’s first digital NFT (non-fungible token) home, recently sold for more than $500,000

  NFTs, sometimes pronounced 'nifties', are similar to cryptocurrencies like Bitcoin and Ethereum in that they live on blockchain networks - a decentralized, distributed ledger that records transactions of digital assets.

  But unlike traditional cryptocurrencies, NFTs are non-fungible, meaning that one cannot be exchanged for another. The digital assets have collectors value, and can represent items including still images, GIFs, videos, music and more.And Kim is getting in on the action with her NFT Mars House that sold for $514,557.79.

  The buyer received 3D files to upload to their Metaverse, which is ‘a collective virtual shared space.’ 

  
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  The Mars House comes furnished with items made from tempered glass and fabric and includes a dining, sitting and sleeping area, along with a flowing infinity pool

  

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  The home appears to sit atop a mountain on the Red Planet, providing residents with stunning views of the Martian landscape

  Users can purchase plots of virtual land to construct digital businesses and homes.

  ‘I want this space to showcase my passion for Meditative Design, a new definition of avant garde luxury for the digital age, Kim shared in a statement.

  ‘I designed and created Mars House in May 2020, during the first wave of COVID-19 lockdowns.’

  The artist said that she partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment.

  Mars House is one large space enclosed in walls of clear glass.

  

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  Throughout the home are different areas, such as a place to eat, sit with company and sleep, all of which are partitioned off from each other for a little more privacy

  Throughout the home are different areas, such as a place to eat, sit with company and sleep, all of which are partitioned off from each other for a little more privacy.

  A massive roof overhang tops the home, with the lighting fixtures on the inside to illuminate the home during the Martian evening hours.

  Kim hopes the buyer projects the Mars home in their Earth-based on.

  ‘Everyone should install an LED wall in their house for NFT art,’ said the artist.

  ‘This is the future, and Mars House demonstrates the beauty of that possibility.”

  What are NFTs? 

  What is a NFT?

  A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist's signature and which verifies its ownership and authenticity and is permanently attached to the piece.

  What do they look like?

  Most NFTs include some kind digital artwork, such as photos, videos, GIFs, and music. Theoretically, anything digital could be turned into a NFT.

  Where do you buy them?

  At the moment, NFTs are most commonly sold in so-called 'drops', timed online sales by blockchain-backed marketplaces like Nifty Gateway, Opensea and Rarible.

  Why would I want to own one?

  There's an array of reasons why someone may want to buy a NFT. For some, the reason may be emotional value, because NFTs are seen as collectors items. For others, they are seen as an investment opportunity similar to cryptocurrencies, because the value could increase.

  When were NFTs created?

  Writer and podcaster Andrew Steinwold traced the origins of NFTs back to 2012, with the creation of the Colored Coins cryptocurrency. But NFTs didn't move into the mainstream until five years later, when the blockchain game CryptoKitties began selling virtual cats in 2017.