The first NFT office building in New York City has been sold. The 4,700-square-meter NFT, located at 44 West 37th Street in New York City, is an irreversible digital asset. Designed to monetize and verify ownership of digital assets in buildings and was acquired by real estate developer Azul NYC.
Calling into question the role architecture plays in real estate and virtual worlds, the 16-story structure was designed by Integrated Projects, which announced its sale in early September.
Additionally, the 44W37 NFT was minted on Ethereum and sold for just 1 ETH, currently worth around $1300.