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A developer in NYC purchased the first-ever non-fungible token (NFT) Office building in New York City. "Located" at 44 West 37th Street, the 4700 square meters NFT serves as an immutable digital asset that points to transforming how we design, build, operate, and monetize our spaces with only "one-click". The 16-story building was created by spatial intelligence company Integrated Projects and questions the function of architecture in Real Estate and the Metaverse.
The great debate wages on: how do we design and build a modern city in a way that everyone will benefit? Traditionally, you’re on one side of the urban war. You’re either a NIMBY, which stands for “Not In My Backyard”, meaning you oppose new development in your neighborhood, or you’re a YIMBY, who says “Yes In My Backyard”, and are pro-development, for one reason or another. But these blanket acronyms don’t describe the real issues that cause people to position themselves on one side of the never-ending tug-of-war between “No! Don’t build that!” and “Yes! Build that!”
MetaMundo has launched its second three-dimensional NFT, an ocean-adjacent villa, complete with an NFT gallery, meditation pavilions, and entertaining areas. The structure was designed by American architect and hybrid-creative Luis Fernandez to become an immersive space for meeting, playing, and relaxing. Through this project, the architect aims to explore the changing paradigm of building in the metaverse. As laws of physics become irrelevant and materials are reduced to surface images, he asks the question what will architecture mean for the metaverse, how will we experience it and how will we use it?
Adam Neumann, the co-founder of co-working company WeWork, is launching Flow, a new venture that hopes to transform the residential rental real estate market. While the details are still unclear, the company seems to be focused on creating a branded product with a focus on community features, as reported by The New York Times. The company received financial support, approximately $350 million, from Andreessen Horowitz, a prominent Silicon Valley venture capital firm and one of the early investors in Facebook and Airbnb. Flow is expected to launch in 2023.
The Alexander Team and metaverse real estate development firm Everyrealm, have announced the launch of "The Row", a private, members-only metaverse real estate community featuring architecture designed by world-renowned artists. The Row will be launched on the metaverse world-building platform Mona, and will feature limited-edition series of 30 3D architectural landmarks, each sold as a 1-of-1 non-fungible token (NFT) designed by artists including Daniel Arsham, Misha Kahn, Andrés Reisinger, Alexis Christodoulou, Six N. Five, and Hard.
This article was originally published on Common Edge.
Recently, the Nobel laureate economist Paul Krugman wrote in the New York Times about the causes of unaffordable housing in New York City. He blamed the crisis on a few things, including a powerful financial “monoculture” in the city, NIMBYs, and the city itself blocking new construction. That last element, however—that the city blocks new construction—is an increasingly popular myth that needs examination.
Over the past year, NFTs have entered the realm of architecture, prompting conversations over the role of the profession in the future digital economy. From the design of digital real-estate to exhibitions and architecture events exploring its value for the practice and established architecture firms embracing the new medium, NFTs have been embraced by the profession as the promise of a new form of creative production. Discover a round-up of architecture's experiments with NFTs so far, together with a series of Archdaily articles shedding light on the topic.
The hassle and stress that comes with home buying is something that everyone interested in purchasing a property dreads. The long process of negotiations between buyers and sellers, months of escrow, and expensive closing costs demand a more simple and convenient process of home transactions. Consumers today expect a quick turnaround on all services- including purchasing a home. Enter ‘iBuyers” who are removing the hurdles around this process and making home valuations and sales a more automated process.
Would you be willing to buy a home from a robot using only an app? As technology becomes more and more integrated into the design and real estate sector, that once an outlandish idea has become a reality. Only a decade ago, almost no one talked about technology and start-ups in the built environment. The real estate industry, which has historically lacked technological innovations compared to other sectors, is now taking a stance to reinvent itself as an industry that is more efficient, flexible, and automated- all resulting in one of the newest buzzwords that has taken the world by storm, proptech or Property technology.
It didn’t take long for the coronavirus pandemic to inspire both cutting-edge architectural design solutions and broad speculation about future developments in the field. Many of the realized innovations have been contracted by or marketed to the real estate sector. But as firms compete to provide pandemic comforts to rich tenants, the COVID-19 technology that directly affects working-class communities is mostly limited to restrictive measures that fail to address already-urgent residential health hazards or administrative conveniences for developers that allow them to circumvent public scrutiny. These changes had been long-planned, but they have found a new license under the pretext of coronavirus precaution. In terms of “corona grifting,” this sort of thing takes the cake.
Almost one year into the COVID-19 pandemic, life is starting to feel like it might regain its sense of normalcy. With promising vaccines being slowly rolled around the globe, the focus is shifting away from the immediate, and into what the future looks like- including where people want to live. At the beginning of the pandemic, stories all across the media claimed that cities were dead, people were leaving as a permanent measure of safety and well-being, and that the real estate market would experience a long and slow recovery to the boom it had experienced in the pre-pandemic world. But there’s been a shift, and it’s happening fast- people are returning to cities almost as suddenly as they once left them.
Florian Schaffner has had a passion for architecture ever since his childhood. After he finished his bachelor’s degree in business at IE University, he went straight on to pursue the Master in Real Estate Development. We spoke to Florian to find out more about his experience in the MRED and to learn about Triadic Labs, a real-estate startup project founded during the pandemic.
Suburbs as we know them are changing forever. Partially exacerbated by the effects of the pandemic, residents are leaving cities in droves in search of more favorable living conditions where more space, privacy, and affordability offers what some consider to be a more comfortable lifestyle. But as time goes on, and development sprawls, it’s harder to tell where cities end and suburbs begin.
Can a collective agency, or mind, be traced across the urban condition? And how should we map its effects on the physical matter of our cities? A specific representation of a specific type of ‘home’ is employed as an exercise in defining the impact of a “logic of thinking that is both embodied and distributed, singular and collective.” Hélène Frichot’s proposal for “Noourbanographies” was written as a response to the call for papers of the “Eyes of the City,” well before our domestic interiors became the new public. Looking at the distance between hegemonic collectives and ecologies of subjectivities as space for action, the essay opens up to an articulate range of issues that involve matters of care, diagrammatic thinking and spaces of control.
For the 2019 Shenzhen Biennale of Urbanism\Architecture (UABB), titled "Urban Interactions," (21 December 2019-8 March 2020) ArchDaily is working with the curators of the "Eyes of the City" section to stimulate a discussion on how new technologies might impact architecture and urban life. The contribution below is part of a series of scientific essays selected through the “Eyes of the City” call for papers, launched in preparation of the exhibitions: international scholars were asked to send their reflection in reaction to the statement by the curators Carlo Ratti Associati, Politecnico di Torino and SCUT, which you can read here.
Access to housing, both in the case of purchasing or renting, with any type of financing, is usually one of the most important economic investments in people's lives. It is natural to ask oneself what considerations are necessary in order to have a knowledge base before acting.
The internationally recognized architecture firm Aedas has unveiled their design for the Zhenghong Property Air Harbour Office Project. The sprawling and interconnected 196 foot-tall three-tower complex is proposed for the city of Zhengzhou, the capital of the Henan Province in central China—one of the regions' largest transportation hubs. Occupying a relatively narrow site, the towers are woven together by a rhythmic glass facade inspired by the formal qualities of the winding Yellow River.
Pritzker Prize winner Thom Mayne has completed a three-semester–long study of Houston’s future, given its current sprawling urban conditions and rapid growth. The project, conducted alongside 21 University of Houston students and faculty members Matt Johnson, Peter Zweig, and Jason Logan, focused on ways of addressing the problems that arise from Houston’s historical lack of zoning in conjunction with the largely unregulated growth of industry and capitalism. These approaches include reinventing the current energy infrastructure, changing real estate and density, and leveraging the lack of zoning to generate new ideas.
