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NFT collector lavishes $400k on Sandbox land adjacent to Snoop’s virtual estate By BTC Peers

by Mike Robinson

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NFT collector lavishes $400k on Sandbox land adjacent to Snoop’s virtual estate

An NFT collector known as “P-Ape” has spent a whopping $450,000 on a virtual land on The Sandbox.

Over the past week, The Sandbox, a virtual metaverse that allows players to play, build, own, and monetize their virtual experiences, announced that some plots of lands in the “Snoopverse” would be up for sale on December 2. The blog posts stated that 122 lands will be up for sale in the Snoopverse Estate. They also include 67 premium plots, three NFTs, and three small estates.

One of the estates (Wave 1 – 3×3 Estate S [12,-75]The estate was purchased for 71,000 SAND, or approximately $450k at settlement. Two other estates were purchased for 67,000 SAND each and 55,000 SAND respectively, approximately $410,000 and $238,000 respectively.

The current estate price is 500 Ethereum, which is more than 4 times the purchase value.

P-Ape is also the property’s owner. He purchased many highly-coveted NFTs such as a Bored Ape Yacht Club NFT and Mutant Ape Yacht Club #11,089, several Crypto Bull Society NFTs and several Lazy Bunny bits.

Snoop Dogg, a popular American rapper, revealed that he purchased virtual land from The Sandbox in September with the intent of re-creating his California home on The Sandbox’s decentralized metaverse. The rapper has grown to become quite a sensation in the NFT scenes, having revealed that he was the pseudonym character behind the NFT whale called “Cozomo de’ Medici.”

The Sandbox, however, has traded an average volume of $70.5million from 4433 sales in the past week. This is despite the overall crypto market pullback. According to NonFungible.com, data from industry analytics platform NonFungible.com.

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