How do you know when you have too much spare money on your hands? Generally speaking, itโs when you start buying virtual versions of real-life items for a fraction of the price. If youโre thinking about dropping close to a million on a metaverse mega yacht, for example, itโs safe to say you probably have some excess cash to throw around.
The sale of โThe Metaflower Super Mega Yachtโ was facilitated by metaverse developer Republic Realm, parting ways with what was then The Sandboxโs most expensive NFT asset for 149 ETH (approximately US$650,000 / AU$913,000 at the time; US$197,000 / AU$300,00 today). For the uninitiated, The Sandbox is one of the leading metaverse worlds with collaborations with everyone from Snoop Dogg to Deadmau5, and everything from adidas to Binance. As Business Insider explains, players can build, own, and even monetise their gaming experiences.
RELATED: Why Are Punters Forking Out $160,000 For Digital Horses?
Described as a one-of-one, ultra-luxurious mega yacht, The Metaflower reportedly features a DJ booth, helicopter landing pad, hot tub, among other amenities (all of which are obviously virtual). This Fantasy Collection NFT also grants access to something known as The Fantasy Marina, which is designed to be โthe crown jewelโ of The Sandbox.
The news came days after yet another headline-worthy NFT sale. In a market-defining moment, a plot of virtual land sold for a staggering 550 ETH (approximately US$2.3 million / AU$3.2 million at the time; US$727,000 / AU$111,000 today), effectively putting the play-to-earn gaming platform Axie Infinity on the map.
โWe believe this is the largest sum ever paid for a single plot of digital land,โ tweets Axie Infinity.
โCongrats to the buyer and seller!โ
