An unbuilt megamansion in the U.K. being sold not only as a lavish brick-and-mortar home but also an NFT, or nonfungible token, has hit the market for £29 million (US$39.2 million).
The 70-room property “might be among the first, I believe it certainly won’t be one of the last super-prime properties to be launched as an NFT,” said Sean Barrett, managing director of listing agency Fine & Country Richmond, in a statement.
“Purchasing NFTs and buying property within the metaverse has gained traction recently among early-adopter investors looking for a way to further diversify their investment portfolios,” he added.
Though unlike metaverse investments, this one will be very much grounded in the universe when it’s complete. Influenced by the stately architecture of 16th century English country mansions, the property, known as Hampton Hall, is intended to be constructed in Oxshott, Surrey. However, if that corner of the country isn’t ideal for the buyer, they can have it built anywhere in the world, according to Fine & Country, which launched the listing last week.
Designed and developed by Stately Homes, the more than 29,000-square-foot spread will be built from Cotswold stone and pair modern materials and technology with classical design and traditional craftsmanship, the listing said.
“Every aspect of the home breathes a sense of opulence, from its 380-foott frontage and Corinthian fluted columns to its vast array of magnificent rooms catering for dinner parties, guests, family and entertainment,” Mr. Barrett said.
Upon completion, the 11-bedroom mansion will boast a wealth of high-end amenities, including a swimming pool complex with a steam room and sauna, bowling lanes, gym facilities, a billiards room, a home cinema, and a car lift and gallery—as will its digital counterpart.
“Stately Homes have spent several years producing the design of Hampton Hall and every single item down to the hand towels have been replicated in the virtual version,” Mr. Barrett said, referring to the NFT, which was launched Feb. 22 via OpenSea.
“Much like the surging demand we have seen in the property market over the past two years, the demand for virtual property and land continues to grow, and we will likely see more and more virtual replicas being built of real-world properties,” he added.
Article Source: Mansion Global