SuperWorld Lets You Buy Virtual Real Estate Using NFTs
‘Hey, man, wanna buy the Brooklyn Bridge?’
“Hey, man, wanna buy the Brooklyn Bridge?”
This con dates back to the turn of the 20th century, but today, thanks to non-fungible tokens (NFTs), you really can buy the Brooklyn Bridge, the Eiffel Tower, or even your own dream home. Sort of.
SuperWorld is an NFT startup that sells virtual real estate in an environment it calls the metaverse—an exact facsimile of the real world, except that every property, be it a house, commercial building, or famous landmark, is linked to an NFT and tracked via the blockchain. That allows SuperWorld’s users to virtually buy and sell nearly any property from the company’s catalog of more than 64 billion unique parcels. A SuperWorld team member says the platform has sold roughly 5,000 virtual properties to date.
I spoke with SuperWorld’s team about their platform and how their service ties into the emerging world of NFTs.
This interview was edited for clarity.
Thomas Smith: Can you explain briefly what NFTs are and how they relate to traditional cryptocurrencies?
SuperWorld: NFTs, or non-fungible tokens, are characterized by their scarcity as a digital collectible and are wholly distinct assets to buy, sell, trade, or hold…
