In Columbia, South Carolina, USA, a non-fungible token (NFT) of a real-world house was sold for $175,000 over the weekend. The recently rebuilt home has three bedrooms, a deck, a galley-style kitchen, and a large living room and dining room.

According to Unusual Whales, the rental home was “sold on the Roofstock onChain NFT marketplace by transferring the Home onChain identity to an Ethereum address controlled by the home’s buyer, Adam Slipakoff.”

Lately, companies have shown increased interest in the real estate metaverse. Sales figures for 2021 totaled $501 million and by the end of 2022 it is projected to reach $1 billion.

As the metaverse becomes more popular, the cost of real estate is predicted to rise at a compound annual rate…