Let’s say that you don’t have the asset to purchase a house on Earth right now. However, with that limited amount of money, you can easily buy some portion of land on the moon. What does it mean to buy land on the moon? You do have the address but you cannot yet visit. People say that one day we all will be able to get there. You can’t touch the land you own but you can buy it.
On various aspects, some say that lunar real estate and NFTs–especially collectively bidding NFTs–share similar attributes. You can’t touch the artwork but you can buy it.
In 2018, artist Woohyeok Kang threw the question “What does it mean to own something?” to the audience through his solo exhibition: Lunar Real Estate. He made Bitcoin and lunar real estate analogy in his exhibition, which can still apply to NFT nowadays.
