A $7.7MILLION Miami mansion has become the latest home to go on sale in both the physical and virtual world.
Reflection Manor, currently being built in Miami Shores is up for sale with ONE Sotheby’s International Realty.
Made to replicate a European-style chateau, the home at 1275 NE 93rd Street comes with six bedrooms and six and a half bathrooms.
The grand 6,000 square feet mansion will also feature a double-height foyer, a wine room, games room, and a gym.
But what makes the property special is its virtual NFT replica.
The entire building will be mirrored virtually in the metaverse.
Reflection Manor is being sold by real estate developer and metaverse developer Jorge Guinovart.
Guinovart is the creator of the Alpha City metaverse in which the property will sit.
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The virtual world aims to be more than a gaming platform and instead be used to create an entire metaverse economy, complete with a number of social and lifestyle opportunities.
Alpha City, which first launched last autumn and is still in development, describes itself as “the social business lifestyle metaverse, fully equipped with a globally accessible theatre, and the potential to generate billions in revenue over the next five years”.
Guinovart says he believes the NFT property will be more popular than other variations of virtual homes that have gone on the market because of the wider opportunities within his metaverse.
“Most NFT homes are either the home itself and not sited on a parcel of land, or they are both an NFT home and virtual land, but there is not much to explore outside of the property boundaries,” he said.
“While many virtual worlds are created by developers with a gaming background, the Alpha City metaverse was conceived with a social approach as opposed to a traditional gaming focus, which will create a broader appeal.”
The metaverse developer added: “There will be a sizable roster of premiere live sporting and entertainment events and expansive social venues will allow users extensive liberty beyond the traditional exploration and chat features of current metaverses, creating unlimited social opportunities.”
Selling physical properties with NFT counterparts has become an increasingly popular trend for high-priced real estate in 2022.
24/7 Crypto has previously reported on other sales such as the $9.4million Hollywood mansion up for purchase along with a metaverse replica, and a $100million superyacht available with an NFT equivalent.
