Home News Virtual land next to Snoop Dogg in Sandbox Estate sells for $450K

Virtual land next to Snoop Dogg in Sandbox Estate sells for $450K

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A plot of virtual land next door to American rapper Snoop Dogg in The Sandbox game auctioned off for 70,903 SAND ($458,038 at the time of the transaction).

Thus, the transaction took place on the OpenSea non-fungible token (NFT) marketplace. Moreover, the token name is “Wave 1 – 3×3 Estate S [12,-75]”. The landowner adjacent to Snoop’s estate is known as “P-Ape”. In addition, the collector has a number of well-known NFTs.

In early December, The Sandbox put up for sale 122 ordinary and 67 premium plots of virtual land in the neighborhood of Snoop Dogg for a total of 437,103 SAND (about $ 2.16 million at the exchange rate at the time of writing).

The sandbox

Furthermore, two more exclusive plots auctioned off for 67,142 SAND ($433,737) and 55,125 SAND ($356,107) respectively.

Previously, The Sandbox raised $93 million in a funding round led by SoftBank’s Vision Fund 2. True Global Ventures, Galaxy Interactive, SCB 10X, Polygon Studios, Animoca Brands and others also participated in the investment.

The company plans to expand its open metaverse with games, live concerts, and social interactions, while “supporting more creators and involving more brands and intellectual properties,” according to the announcement.

Cozomo de’ Medici

In mid-November, the gaming platform announced the partial launch of its metaverse for a limited number of users. Against this background, the SAND token has updated the historical maximum at $3.63.

Users may monetize their time spent in the Metaverse by playing to earn in Sandbox’s virtual game area. Within the game, players may buy land and build NFTs, as well as complete objectives to earn the Sandbox token (SAND). They may also use the token as a kind of investment.

Recall that in September, Snoop Dogg admitted that he was behind the Cozomo de’ Medici account with an NFT collection worth $17.5 million. The rapper created the Twitter account Cozomo de’ Medici in August 2021. And since then, he has managed to acquire 37 thousand subscribers. During this time, he reported on his investments in NFT, demonstrating deep subject-matter expertise.

Later, he bought NFT from the digital artist XCOPY for 1300 ETH (~3.8 million).

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