Popular American rapper Snoop Dogg revealed in late September that he had acquired land in blockchain-based virtual metaverse The Sandbox and intended to recreate his mansion. On December 2, The Sandbox hosted a “Snoopverse Land Sale”, which saw attendees purchase land adjacent to the famous hip hop star’s virtual estate.
Land next to Snoop’s virtual mansion in the Sandbox metaverse sells for six figures
Two days ago, The Sandbox revealed that it was selling virtual plots of land located next to Snoop Dogg’s virtual property. Snoop has been a cryptocurrency advocate for some time and in recent days he has revealed he is a token non-fungible (NFT) whale called “Cozomo de ‘Medici”.
Then, in late September, Snoop partnered with The Sandbox, a gaming ecosystem where people can create, share, and monetize NFTs and gaming experiences on the Ethereum Network (ETH).
The Sandbox blog post published Thursday explains that plots of land in the “Snoopverse” would go on sale on December 2 at 1 p.m. (UTC). 122 plots are for sale and 67 premium plots will be sold with a set of three exclusive NFTs.
In total, three small domains are to be auctioned on Opensea, The Sandbox announced Thursday. So far, the land called ‘Wave 1 – 3 × 3 Estate S [12,-75]”Sold for SAND 71,000 or approximately $ 450,000 at time of settlement.
P-Ape Buys Adjacent Plot, Nonfungible.com Stats Show Virtual Land Sales Capture This Week’s Top NFT Buys
At the time of going to press, the 71,000 SAND is worth less than $ 400,000 after the crypto market carnage that took place on Saturday morning. The owner of the land next to Snoop’s estate is called “P-Ape” and the collector owns a number of popular NFTs.
The NFT collector owns a multitude of NFT Crypto Bull Society and an NFT Bored Ape Yacht Club (BAYC). P-Ape owns BAYC # 6,445 and Mutant Ape Yacht Club # 11,089 and a myriad of individual Lazy Bunny NFTs.
The Sandbox team notes that in order to redeem the domain next to Snoop, the auction winner must first write to The Sandbox and get instructions on how to transfer that token to the team. “The Sandbox team… will transfer ownership of the domain back to them,” the company explains in the sale description.
In terms of market sales, The Sandbox held the top seven-day sales statistics last week with 4,433 sales worth $ 70 million. The best land sales last week were 14-15 ethers, or 8,000 SAND to almost 10,000 SAND per plot.
What do you think of The Sandbox land which was sold next to Snoop Dogg’s estate for SAND 71,000? Let us know what you think of this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, The Sandbox,
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