ONE Sotheby’s International Realty is investing heavily in the Metaverse and is planning the construction and sale of the first real villa with NFT technology.
A luxury villa being built in Miami comes in with a virtual counterpart The sandbox metaverse, an NFT asset “that blurs the lines between the metaverse and reality,” said Gabe Sierra, founder of Meta Residence, which develops the company, in a statement. “A project like this has never been realized before and we are proud to offer the buyer of this NFT a unique opportunity to own the first MetaReal villa ever built.”
In the real world, the 11,000-square-foot home will have seven bedrooms and nine bathrooms on over an acre in one of Miami’s hottest neighborhoods. The “MetaReal Villa” will reflect the real estate and will be equipped with the additional 40 hectares in the Metaverse for development as residential, commercial, marketing or play projects.
“The home’s metaverse counterpart will serve as an extension of the real home, allowing the buyer to host home meetings, events and parties with guests from around the world,” said Sierra Forbes. “Imagine fighting a kite, crossing a mountain range and finally reaching your Metaverse property, where you are greeted by your friends trying out your new Bored Ape NFT. After interacting in your virtual living room, exit the Metaverse and are now sitting in the same real house. That is the experience that we create. “
Michael Martinez of ONE Sotheby’s International Realty, the project’s exclusive sales agent, plans to conduct the sale on the Ethereum blockchain when the property goes up for auction this year with an as-yet-to-be-announced reserve price.
Luxury real estate in New York will end at the top in 2021
A market analysis company will start in 2022 UrbanDigs took one last look at the New York real estate market in 2021. Despite the pandemic, NYC’s market held up well over $ 4 million, according to the company Annual reviewwho found that since 2008, six of the luxury sector’s top 10 months by dollar volume occurred in 2021.
However, the new year could see a cooling off, with the first quarter of 2022 “significantly slower” than the final quarter of 2021. “The market could move sideways as buyers and sellers seek equilibrium in a more balanced market.” Several quarters of lull in 2022. “Increased competition among sellers could cool the market and buyers could start waiting for price reductions,” the report said.