Snoop Dogg, a popular American rapper, revealed that he had acquired land in The Sandbox’s blockchain-based virtual world and plans to rebuild his home. On December 2, The Sandbox held a “Snoopverse Land Sale,” which allowed participants to purchase land adjacent to the famous hip hop star’s virtual estate.
Plot of Land Next to Snoop’s Virtual Mansion in The Sandbox Metaverse Sells for Six-Digits
Two days ago, The Sandbox disclosed it was selling virtual plots of land that are located next to Snoop Dogg’s virtual property. Snoop has been a cryptocurrency advocate for quite some time and in recent days, he revealed he was a non-fungible token (NFT) whale called “Cozomo de’ Medici.”
Snoop partnered then with The Sandbox at the end September. This gaming ecosystem allows people to create, share, and monetize NFTs as well as gaming experiences using the Ethereum (ETH).
The Sandbox blog post published on Thursday, explains that plots of land in the “Snoopverse” would go on sale on December 2 at 1 p.m. (UTC). A total of 122 lands will go on sale, while 67 premium plots are available along with a package of three unique NFTs.
Opensea is going to auction three smaller estates. The Sandbox announced this further on Thursday. So far, the plot of land called “Wave 1 – 3×3 Estate S [12,-75]” sold for 71,000 SAND or roughly $450K at the time of settlement.
P-Ape Purchases the Adjacent Plot, Nonfungible.com Stats Show Virtual Land Sales Capture This Week’s Top NFT Purchases
After Saturday’s crypto market chaos, 71,000 SAND are worth just $400K at press time. The owner of the land next to Snoop’s estate is called “P-Ape,” and the collector has a number of popular NFTs.
NFT collector P-Ape also owns a number of Crypto Bull Society NFTs as well as a Bored Ape Yacht Club NFT. P-Ape is the proud owner of BAYC #6,445 as well as Mutant Ape Yacht Club #11,089, and many individual Lazy Bunny NTs.
The Sandbox team notes that in order to redeem the estate next to Snoop’s, the winner of the auction should first write to The Sandbox and get instructions on how to transfer this token to the team. “The Sandbox team … will in return transfer the estate ownership to him/her,” the company explains in the sale description.
The Sandbox was the market leader in terms of sales last week. It had 4,433 sales totalling $70 million. The top land deals last week were for between 14-15 ether and close to 10,000 to 12,000 SAND per plot.
What do you think about The Sandbox land that sold next to Snoop Dogg’s estate for 71,000 SAND? Please comment below to let us know your thoughts on this topic.
Credits for the imageShutterstock. Pixabay. Wiki Commons. The Sandbox.
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