The popular American rapper Snoop Dogg revealed at the end of September that he acquired land in the blockchain-based virtual metaverse The Sandbox and had plans to recreate his mansion. On December 2, The Sandbox held a “Snoopverse Land Sale,” which allowed participants to purchase land adjacent to the famous hip hop star’s virtual estate.
Land next to Snoop’s virtual mansion in the Sandbox metaverse sells for six figures
Two days ago, The Sandbox revealed that it was selling virtual plots of land located next to Snoop Dogg’s virtual property. Snoop has been a cryptocurrency advocate for some time and in recent days he has revealed he is a token non-fungible (NFT) whale called “Cozomo de ‘Medici”.
Then at the end of September, Snoop partnered with The Sandbox, a gaming ecosystem where people can create, share and monetize NFTs and gaming experiences on the Ethereum (ETH) network.
The Sandbox blog post published Thursday explains that plots of land in the “Snoopverse” would go on sale on December 2 at 1 p.m. (UTC). 122 plots are for sale and 67 premium plots will be sold with a set of three exclusive NFTs.
A total of three small estates are to be auctioned on Opensea, The Sandbox announcement further detailed on Thursday. So far, the plot of land called “Wave 1 – 3×3 Estate S [12,-75]” sold for 71,000 SAND or roughly $450K at the time of settlement.
P-Ape Buys Adjacent Plot, Nonfungible.com Stats Show Virtual Land Sales Capture This Week’s Top NFT Buys
At the time of going to press, the 71,000 SAND is worth less than $ 400,000 after the crypto market carnage that took place on Saturday morning. The owner of the land next to Snoop’s estate is called “P-Ape” and the collector owns a number of popular NFTs.
The NFT collector has a slew of Crypto Bull Society NFTs and a Bored Ape Yacht Club (BAYC) NFT as well. P-Ape owns BAYC #6,445 and Mutant Ape Yacht Club #11,089 and a myriad of individual Lazy Bunny NFTs.
The Sandbox team notes that in order to redeem the domain next to Snoop, the auction winner must first write to The Sandbox and get instructions on how to transfer that token to the team. “The Sandbox team… will transfer ownership of the domain back to them,” the company explains in the sale description.
In terms of market sales, The Sandbox held the largest seven-day sales stats last week with 4,433 sales worth $70 million. Top land sales last week sold for 14-15 ether, or 8,000 SAND to close to 10,000 SAND per plot.
