In a recent online auction, a single non-exchangeable token (NFT) created for the metaverse “The Sandbox” was sold for 149 Ethereum or more than $650,000.
What is The Sandbox?
The Sandbox is a virtual world built on the Ethereum blockchain where players can build, own and make money by volunteering their time and commitment to the game.
The SAND token is an ERC-20 utility token that is used to transfer value, as well as for staking and network management. Players can create digital assets in the form of non-tradable tokens (NFTs), upload them to the market and integrate them into games using Game Maker.
The list of celebrities and brands that The Sandbox works with includes Snoop Dogg, South China Morning Post, Hell’s Kitchen and Atari.
In a recent online auction, a single non-exchangeable token (NFT) created for The Sandbox metaverse sold for 149 ETH which is over $650,000.
What was special about this NFT resource?
The NFT “Metaflower Super Mega Yacht” was created for The Sandbox metaverse by Republic Realm and is part of their Fantasy Collection.
Republic Realm is “one of the most active investors and developers in the Metaverse real estate ecosystem”.
The company invests, manages and develops assets including NFT, virtual properties, Metaverse platforms, games and infrastructure. It is currently one of the largest landowners in Axie Infinity, Decentraland, The Sandbox and Treeverse.
8/12/2021 – Mr.Advice NEWS