Business | Aug 17

Tokyo’s beloved Nakagin Capsule Tower could be rebuilt

The rights to rebuild Japan’s iconic Nakagin Capsule Tower – currently in the middle of demolition – are being auctioned off, and they include a metaverse and real-life version.

Architecture lovers were dismayed when news broke that the modular building, designed by Metabolist architect Kisho Kurokawa, had been consigned to the wrecking ball. Conversations about its demolition had been ongoing since 2006, but it was only earlier this year that a crew moved in to dismantle the 50-year-old Tokyo building.

However, the late Kurokawa’s studio is now auctioning a pair of NFTs on Opensea, which would give the owner the rights to reconstruct the tower – known and loved for its capsular apartments, which had originally been designed to be ‘unplugged’ and replaced over time.

Bids close on 20 October 2022 for each NFT. ...continue reading

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