Crypto

In Ethereum, a Piece of Virtual Land Adjacent to Snoop Dogg’s Sandbox Estate Sells for $450,000

In Ethereum, a Piece of Virtual Land Adjacent to Snoop Dogg's Sandbox Estate Sells for $450,000

Snoop Dogg, a popular American hip-hop artist, and rapper disclosed at the end of September 2021 that he had bought land in the blockchain-based virtual metaverse The Sandbox, where he planned to rebuild his mansion. The Sandbox launched a “Snoopverse Land Sale” on December 2, 2021, giving people the opportunity to buy land next to the famous hip-hop star’s virtual mansion.

In the Sandbox Metaverse, a plot of land next to Snoop’s virtual mansion sells for six figures.

The Sandbox announced two days ago that it was selling virtual parcels of land next to Snoop Dogg’s virtual house. Snoop has always been a proponent of Bitcoin, and he recently announced that he is a non-fungible token (NFT) whale known as “Cozomo de’ Medici.”

Then, towards the end of September 2021 Snoop parlayed up with The Sandbox, a gaming ecosystem on the Ethereum (ETH) network where individuals can build, distribute, and sell NFTs and gaming experiences.

According to a post on the Sandbox site published on Thursday, plots of land in the “Snoopverse” will go on sale on December 2 at 1 p.m. (UTC). There are 122 properties for sale, including 67 premium plots with a bundle of three exclusive NFTs.

According to The Sandbox’s statement on Thursday, three small size estates will be auctioned on Opensea. At the time of settlement, the block of property known as “Wave 1 – 33 Estate S [12,-75]” sold for 71,000 SAND, or around $450K.

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Nonfungible.com buys the adjacent plot from P-Ape

Sales of virtual land are on the rise, according to statistics.

The Most Popular NFT Purchases This Week

After the crypto market mayhem on Saturday morning, the 71,000 SAND is worth less than $400K at press time. The landowner adjacent to Snoop’s estate is known as “P-Ape,” and the collector has several well-known NFTs.

Several Crypto Bull Society NFTs, as well as a Bored Ape Yacht Club (BAYC) NFT, are in the collection of the NFT collector. P-Ape is the proud owner of BAYC #6,445 and Mutant Ape Yacht Club #11,089, as well as a slew of other Lazy Bunny NFTs.

The Sandbox staff advises that to redeem the estate next to Snoop’s, the auction winner must first contact The Sandbox for instructions on how to provide this token to the team. The corporation adds in the sale description, “The Sandbox team… will, in turn, transfer the estate ownership to him/her.”

Last week, The Sandbox had the highest seven-day sales totals in the market, with 4,433 purchases totaling $70 million. Last week’s top land sales went for 14-15 ether per plot, ranging from 8,000 SAND to close to 10,000 SAND.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.