In Brief:
- Snoop Dogg’s neighboring virtual plot sold off in $450K in The “Snoopverse”
- The LAND NFT sold just a day after a first wave of LANDs NFT sale in The Sandbox metaverse.
The iconic rapper Snoop Dogg is replicating his California mansion in The Sandbox, a decentralized metaverse game on Ethereum. The Sandbox minted LANDs NFTs’ first wave of sales in the “Snoopverse” yesterday. Someone spent over $450k (71,000 SAND, the native token of The Sandbox) to become Snoop Dogg’s neighbor.
This virtual land in The Sandbox is being sold as NFTs, which are one-of-its-kind tokens that grant ownership rights over digital items. In this case, plots of digital real estate termed as LAND NFTs can be purchased and sold just like any other NFT on marketplaces such as OpenSea. These LAND NFTs are priced based on location. This means that one land plot can cost a lot more than another one.
Snoop Dogg also responded to the news that a plot next to his sold for $450k, Snoop Dogg tweeted, “Won’t you be my neighbor.”
The Snoopverse’s LAND NFT collector who paid $450K for one of the “estates” goes by the name P-Ape. The sale of land plots near Snoop Dogg’s virtual estate with other two selling for about 55,000 SAND ($338,00) and 67,000 Sand ($410,000).
Board member of The Sandbox, Mathieu Nouzareth, also said in a statement that Snoop showed a great deal of interest when approached about collaborating. He further said that the next campaign is going to be around selling LAND with Snoop Dogg. Also, The Sandbox is planning on this big concert for which 1000 tickets are already sold, and it’s coming early next year.
