Selling more land in Sandbox
Snoop Dogg has recreated his California mansion on The Sandbox, a decentralized Ethereum-based metaverse.
A plot of land next to Snoop Dogg's hypothetical property offered these days for about 71,000 SAND (about $450,000).
Virtual land in the Sandbox is bought as NFTs, which are unique tokens that supply title to digital gadgets in this case, plots of digital real estate.
Sandbox LAND NFT can be sold and sold simply like any different NFT on platforms like OpenSea.
In response to the news that a plot of land subsequent to his residence had sold for $450,000, Snoop Dogg tweeted, "Wouldn't you be my neighbor."
Matthew Nozareth, a board member of The Sandbox, instructed The Sandbox that the company had contacted Snoop about the collaboration, saying:
The next campaign is going to be about selling LAND with Snoop Dogg, and then we have this huge concert.
We've offered 1,000 tickets, and it's coming early subsequent year.
The purchaser who paid $450,000 for a plot of land next to "Snoop Dogg" is an NFT collector dubbed "P-Ape."
According to the personal OpenSea account, this account has additional excellent holdings such as:
This huge "Sandbox LAND" public sale fee suggests that some are willing to pay the common charge of a multi-bedroom home in Phoenix, Arizona, for a digital 3×3 plot of land in the "Snoopverse."
It is really worth noting that a large amount of capital is pouring into the "metaverse", with greater than $100 million invested in virtual real property simply final week.
