16 Storey Virtual Office Building NFT Sold For 1 Ethereum Only

Virtual Office Building

  • A virtual office building was sold in New York City for 1 Ethereum only.
  • Architecture will play a vital role in the development of the metaverse.
  • Imagination and game mechanics are among the core elements in the metaverse.

Own Your Space in This Virtual Building

Virtual land plots and structures are booming in the metaverse. With the likes of The Sandbox and Decentraland, these assets will play a vital role in digital worlds. You can create and sell the models in the form of NFTs in-game. Recently, an NFT office building was sold in New York City for a nominal price of 1 ETH.

Located at “44 West 37th street” 44W37 NFT was acquired by NYC developer Dan Azul. The 50,000 square foot 16-storey building was created by Integrated Projects, a spatial intelligence company. According to a press release, the tenants of the building can use the space on their own accord.

They can share, view, and lease the space through the company’s platform. They will have access to the unlocked features after the purchase including 3D scans, digital tours, venue reports and more. Tenants will save a plethora of time, effort and coordination required to re-produce a tangible space. For example, painting the structure or redesigning a particular area. All that can be done in a blink of an eye.

A similar concept was initiated by Luis Fernandez, a designer, on MetaMundo, a metaverse marketplace. He launched the ocean adjacent villa NFT in collaboration with The LINE. According to Luis, people can use the space for socialization. The idea raised a lot of questions regarding the metaverse, especially its physics.

He says that “This notion was created while keeping in mind the role of architecture in the metaverse rather than the shape of objects.” He thinks that meditation is going to be among the major utilities in these realms pointing towards the elements of 3D ocean adjacent villa.

But if we are talking about the metaverse, then mechanics are the core elements required in the space. It’s just a matter of perspective, some people are more into realism, while others are into imagination. Both works for the metaverse and both the aspects requires next level of creativity

If you are into realism, go look for Call of Duty Modern Warfare 2 / Warzone 2 clips. To give wings to your imagination, you can always search for Minecraft.

Source: https://www.thecoinrepublic.com/2022/09/29/16-storey-virtual-office-building-nft-sold-for-1-ethereum-only/