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Toronto Buyer Spends $500K on NFT (non-fungible token) Home - Land.Net News

The real estate bubble has spread to the virtual world.

A Toronto buyer has spent over half-a-million dollars on a digital home, with the first sale of an NFT (non-fungible token) domicile. It’s the latest in a series of head-scratching purchases of digital properties for astronomical prices.

The home—dubbed “Mars House” by Krista Kim, the digital artist who created it—sold for 288 Ether, a cryptocurrency that has a current worth of $1,715. At the time of the sale, the U.S. dollar amount was worth $514,557.79.

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