Beds On The Blockchain – Non-Fungible Furniture

The first “grown up” bed that I recall sleeping in was a hand-me-down mattress from my older sister. Bear in mind, she was fourteen years older, and it was her first “grown-up” bed.

Of course, by the time I started sleeping in it, it was well worn-in. It didn’t bother me at first—not until the issue with the springs.

You see, the springs started to operate under their own agenda. I distinctly remember waking up for school one day and feeling like someone was jabbing me in the back with a samurai sword. I suppose the springs were sick of being suppressed under my adolescent weight and desperately desired to rise out of obscurity.

Thus began my adversarial relationship with furniture shopping. I’ve scrutinized every piece of furniture since then with an unhealthy obsession of what it might do to my body if it decided to rebel.

But then I found out about metaverse furniture. I was far more intrigued than I was frightened—namely because of the low risk of injury. Not only does metaverse furniture provide safety against aggressive springs, but it also represents an opportunity to make some real money.

Loveseats Worth More than Nest Eggs

Metaverse furniture may be entertaining, but entertainment isn’t the only value. How about people willing to invest almost half a million dollars in it?

Yes, that actually happened.

Andrés Reisinger, a Barcelona-based furniture designer, created ten pieces of digital furniture for an online auction and broke the bank with his creations. Beyond unique, the designs defy both style conventions and physical dimensions.

And they also exceed market expectations.

The ten pieces sold in ten minutes once the auction went live. And Resinger’s work brought an astounding $450,000 for the non-existent pieces.

Winners of the auction received the opportunity to stage the furniture in different virtual spaces, including Decentraland, Somnium Space, and Minecraft. But what might this mean for those of us that may not have enough money in this world to spend in another one?

Ottomans You Can only See with an Oculus

In the NFT space, artists have a real chance to see their work recognized and valued like never before. In the case of metaverse furniture, galleries have a shiny new opportunity to draw customers to their digital inventory.

Threekit, a furniture gallery specializing in sales through Augmented Reality (AR) marketing, believes NFTs are the furniture industry’s friend.

Ben Houston, Threekit’s founder and CTO said, “Furniture can be branded in these virtual worlds, and brands need to get in there with these virtual representations. I can virtually sit on Herman Miller chairs with a Crate Barrel table in the middle and know exactly what that would look like if I purchased it in real life.” The verisimilitude and brand recognition of this idea may be difficult to argue.

Met4Space: Made for Meta in Meta

Hoping to entice brands into the metaverse, Met4Space took the leap. They launched the Meta Chair Society.

Met4Space sold two chairs in the opening week for 2.9 Ethereum. This may seem modest compared to Andrés Reisinger, but it’s still a substantial profit. And the pieces sold contain benefits connected to Met4Space design services.

The value rests in what people are willing to pay. And when it comes to meta furniture, some people are very willing to pay indeed.

Like Sleeping on Air–Because You Are

I don’t know if having a bad furniture experience is enough to get you to drop north of $50,000 on a stylish NFT sofa. (I’m not sure what your price point is on this sort of thing.)

However, I’m convinced that some furniture companies take this subject very seriously. And just think of the lifetime guarantees that could come with this stuff. If something only exists in the metaverse, the likelihood of it wearing out (or stabbing you in the night) is very low.

I can sleep easy with that type of peace of mind.

——–

If you’re the type of person that likes to sit in a comfy virtual couch with a Metaverse Miller Lite in your hand, check out my piece on booze in the metaverse.

Speaking of comfort, if you’re impressed by how much furniture designers made in the metaverse, check out how RadioShack is trying to cash in on its own brand recognition.

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