The $7.77 million chateau called Reflection Manor is currently for sale on the Miami Shores. It has six bedrooms and six-and-a-half baths and is located on a 12,700 square foot lot.
It's not what sets it apart in a town like Miami. It comes with a digital replica attached to an NFT in a metaverse called Alpha City, which hasn't launched yet. The people trying to sell the mansion think it will be worth a lot of money.
"It's not only a $7 million house, but you bought virtual real estate, that's what I mean," said the real estate developer. When alpha is fully open, you have virtual property that could be worth a million dollars.
Anything is possible. You would be forgiven for getting a certain type of magic bean vibes if you sold a digital house.
The pitch is large in the event that magic beans deliver. You will be able to start a small business, host an event, or do some virtual consultations at Alpha City. It's true that there will be a lot of billboards, but how different is that from the real world?
That's what both Guinovart and Juliet Silver believe the property embodies. The future of the internet, unlike gaming-focused metaverses that already exist, is realism. They want Alpha City to feel like a digital extension of the real world.
There is a seamless connection between the real world and the virtual world. The aesthetic is not a hero based one. They are based on the aesthetic of a modern city.
Virtual houses and real estate are not new. Virtual property has been bought and sold for years, while the Gen Z-beloved Roblox kicks ass.
You do get a real, tangible house with Reflection manor. One part promise, one part bet, and one part sweetener is what it is. Instead of hinging the worth of a digital asset on sheer hype, the folks behind this project have attached it to one of the safest investments in history.
The state of the real-world housing market makes it difficult to imagine a virtual world that is1-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-6556 It's hard to imagine much room in the digital world for upward economic mobility if you can't afford a multimillion dollar mansion. Alpha City is going to nail it if the goal is realism.
Housing market aside, it's been a rough and tumble summer for the block chain. Guinovart believes that a down market is a good time to buy.
He said that the worst time to buy is when Open Sea broke the record. Smart people are buying identities and virtual properties that are less expensive than a year ago.
Is it a sign that things are going to get worse? Will the future owners of Alpha City hang out there? It will only be time that tells. It is interesting to see a project that is grounded in reality.
I think a lot of time and thought has gone into how we can bring more value to the buyer. This is a very rare piece of inventory.
A man uses life savings to buy non-existent land.
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