The famous American rapper Snoop Dogg is recreating his California estate in the sand box project , a decentralized metaverse based on ethereum. Recall that in this metaverse it is possible to sell virtual land plots in the form of unique LAND tokens for the sand cryptocurrency . It turns out that the virtual real estate acquired by Snoop Dogg already has a neighbor who paid about 71 thousand SAND for such an honor, or 450 thousand dollars at the current altcoin rate. Let's talk about the situation in more detail.
By tradition, let's start with an explanation. The Metaverse is a virtual space available at any time. Accordingly, people can join it without being tied to any period of time, and interact with each other.For this, virtual reality technology and related devices are used. In addition, unique NFT tokens, which represent avatars or other items, are applicable to the concept of the Metaverse. In fact, this technology should be taken as a separate life in everyday activities. In addition, as we have already noted, you can join what is happening in it at any moment.
The idea of the Metaverse has also made its way to popular YouTube channels that are focused on the topic of cryptocurrencies. In particular, the author of Low Budget Stories with more than 150 thousand subscribers has already created a video based on Metavers. We recommend that you look in order to approximately understand the essence of what is happening.
The reason for the popularity of the metaverse
The rapper himself reacted to the news about the purchase of the site - on Twitter he responded to the message about the acquisition by saying that the buyer "most likely" will be his virtual neighbor. Accordingly, the performer monitors what is happening in the world of cryptocurrencies and the projects it uses in particular.
Snoop Dogg's tweet
By the way, Snoop Dogg himself was quite enthusiastic when he was offered to become a partner of Sandbox. Board member Mathieu Nozaret said this in an interview with the news outlet Decrypt . Here is a line from a representative of the project, in which he shared the details of what is happening.
Snoop Dogg immediately became interested in The Sandbox. We will do a lot of interesting things in collaboration with him. The next marketing campaign will promote the sale of LAND tokens on behalf of Snoop Dogg, then he will host a big concert. We have sold a thousand tickets and the event will take place early next year.
Snoop Dogg Virtual Lot Auction
Snoopverse's LAND sale series - as Snoop Dogg's campaign is called - includes three tokens. One has already been sold for almost half a million dollars, the other two went from the auction into the hands of buyers at a price of 55 thousand and 67 thousand SAND, that is, 338 and 410 thousand dollars, respectively.
For a much lower price, the 122 standard LAND lots in the Snoop Dogg virtual estate area also sell for 1011 SAND. There are 67 more premium LANDs, which cost 4683 SANDs , each of which includes three additional unique tokens as a bonus. Bonus NFTs are passes to the rapper's private parties in the Sandbox Metaverse.
The aforementioned "virtual neighbor" Snoop Dogg became an anonymous NFT collector under the nickname P-Ape. Judging by his account on the OpenSea trading platform, he has traded several NFT collections, while he now owns Bored Ape # 6445 tokens worth 150 ETH and Mutant Ape # 11089 worth 80 ETH. Accordingly, the investor has more than enough money.
As you can see, the hype around the metaverse is actively gaining momentum. This is proved at least by the fact that anonymous collectors are ready to pay the price of an elite metropolitan apartment for virtual land. The Sandbox project alone has received over $ 86.56 million in investment in the form of virtual land purchases. All of this suggests that coins associated with the meta-universes could be prime candidates for rapid growth as early as next year. Of course, this is relevant for a situation if the price movements of Bitcoin do not spoil the trend in the market and do not end the bull run.
We believe that this concept will continue to evolve, and indeed it can become more ambitious than NFT tokens and decentralized finance. Nevertheless, a huge number of people spend time playing games, so it will not be difficult for the Metaverse to find new fans. Well, since they are closely related to non-fungible tokens, this trend will also have a good effect on the position of the crypto niche. At the very least, this assumption seems logical.
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