This NFT Comes With An Actual House In California
Image via Paul Hanaoka / Unsplash (CC0)
Architectural non-fungible tokens (NFTs) have now hit the market. A short video by artist Kii Arens, depicting the driveway of a suburban home, is now up for auction as an NFT. Based on a duplex overlooking the San Gabriel Mountains in Thousand Oaks, California, whoever purchases the artwork will also get the house that inspired it.
This unique sale was the brainchild of Shane Dulgeroff, a California real estate broker, who had originally bought and renovated the duplex as a real statement investment. Although he just passed his real estate broker’s test, the 27-year-old has been a licensed real estate agent for over seven years. He assures potential buyers that he, and the house, are legitimate.
Dulgeroff says this will be the world’s first house to be sold as an NFT. “It’s less about the significance of the art as it is the significance of us using a platform like this to sell a home,” he told Fast Company.
He argues the deal is more than just valuable in theory. It currently brings in an estimated US$60,000 in rent annually, and Dulgeroff says the value of the NFT artwork and home together could be worth over US$1 million.
The two-week auction on the home ends April 23. To see the home up-close, check out Dulgeroff’s site here.
[via Fast Company, cover image via Paul Hanaoka / Unsplash (CC0)]
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