The real estate landscape is welcoming the Metaverse with open arms because now you can buy a real mansion with a virtual counterpart in The Sandbox. ONE Sotheby’s International Realty is teaming up with Voxel Architects and NFT Collector Gabe Sierra to introduce the world to the first-ever MetaReal Mansion.
As The Sandbox Co-Founder Sebastien Borget puts it, “This is another leap into bridging physical and digital worlds into the Metaverse.”
The First Real Mansion Through the Metaverse and its The Sandbox Counterpart
The buyer of the NFT asset will also acquire ownership rights of the physical home. By Q4 2022, the mansion will be ready for occupancy in Miami. This project is the first of its kind so the NFT community is in awe at this industry milestone.
The partners are building the NFT-backed mansion on a one-acre lot in one of the city’s most prestigious neighborhoods. It will span 11,000 square feet and include seven bedrooms and nine bathrooms. Then, Voxel Architects is creating a mirror image counterpart on The Sandbox.
Meta Residence founder Gabe Sierra shared the purpose of the virtual counterpart. Basically, it will “serve as an extension of the real-world home.” This means that it will allow the new homeowner to host in-home meetings, events and parties with guests from around the world.” So in a way, it’s like you’re purchasing two properties!
Mark your calendars because the ‘MetaReal’ Mansion is headed to the auction block this year for a yet-to-be-disclosed reserve price. Meanwhile, the exclusive sales agent for the property is Michael Martinez of ONE Sotheby’s. According to reports, he plans to execute the transaction on the Ethereum blockchain.