By Magazine Realtor Daily
A mansion under construction in Miami is breaking new ground in real estate by being sold as two properties—a physical one and an identical virtual one in the metaverse. One Sotheby’s International Realty is partnering with Voxel Architects, along with Gabe Sierra, a collector of nonfungible tokens, to launch the “MetaReal” mansion, dubbed the first home sale of its kind in real estate.
The virtual home will be in The Sandbox metaverse. The physical home is set to be complete in the fourth quarter of this year and will be located in Miami.
“This is another leap into bridging physical and digital worlds into the metaverse,” says Sebastien Borget, The Sandbox co-founder.