Source | Arch Daily
If someone tried to sell you a virtual building, would you buy it? That’s right- a virtual building. Not something that will ever be built in the physical world, or something you can occupy, but an image you can look at, or a video you could watch. This is exactly what’s being proposed as architecture enters the realm of NFTs (non-fungible tokens) that have taken the world by storm. And in the design profession, which continuously seeks to redefine what it means to be an architect, NFTs have big implications for the future of digitization and commoditization of the unbuilt environment.
Although NFTs have been around since 2013, they’ve recently surged in popularity, or at least caught the attention of the mainstream media. The excitement, newness, and disruption around buying something digital have bidders interested in owning a piece of virtual originality. NFTs are designed to give you something that can’t be duplicated- ownership of the work that is valued at the price at which you pay for it through a blockchain. It’s believed to be the next step in fine art collecting, and a new frontier for what we consider to be art, how we place value on it, and how we display it.