The virtual land, adjacent to the estate of the American rapper Snoop Dogg in the metaverse project The Sandbox, was sold for $ 450,000 (about 71,000 SAND tokens).
In early December, an auction was announced on the site of the virtual metaverse The Sandbox for the sale of plots of “land” adjacent to the “estate” of the popular American rapper Snoop Dogg.
A total of 122 common plots and 67 premium plots are up for sale for $ 2.59 million (about 430,000 SAND). In addition, three small parcels directly adjacent to Snoop Dogg’s estate are up for auction at OpenSea. Each premium lot comes with a set of three exclusive Snoop Dogg-branded NFTs.
Plot of land called “Estate S [12, -75]»Sold for 71,000 SAND, approximately $ 450,000 at the date of sale. And this is far from the highest price for a piece of digital land. Earlier, the site was sold on the Decentraland platform for 1.3 million MANA, which was equivalent to $ 913,228 at the date of the sale. In terms of current prices (1 MANA = $ 4.17), the cost of the site exceeds $ 5.4 million.
The popularity of metauniverses, where “residents” can “build” exhibition halls to demonstrate NFT collections, communicate with friends, visit buildings and events, fuels the interest of crypto community members in virtual real estate. However, the number of plots available for sale is extremely limited, so there is a huge demand in the virtual real estate market.
For example, on the Next Earth platform, the price of “land” has increased by 42,000%, and on The Sandbox, over the past seven days, plots worth more than $ 70 million have been sold.
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