Virtual Mega Yacht NFT Sold For A Whooping $650k In The Metaverse

The Sandbox virtual gaming world has recorded what seems to be the most expensive non-fungible token (NFT) to be sold. In the virtual gaming world a mega-yacht by the name “Metaflower Super Mega Yacht,” was reported to have been sold for a whopping sum of $650,000. The virtual luxury ship, which is part of the metaverse, is said to have two helipads, hot tubs, and a DJ booth, among other lavish amenities.

The sale has gone on to be the most expensive non-fungible token (NFT) to be sold in the Sandbox — a virtual world that thrives on the Ethereum blockchain equipping players with the ability to collect digital collectibles, build their own games, and even go as far as monetize their experiences.

Still wondering what Metaverse is here is a quick recap, the Metaverse is a 3D, futuristic version of the Internet that has the potential to support a fully functional virtual universe. In addition, it’s an environment users can access through conventional personal computing, as well as virtual and augmented reality headsets. Lately, the word Metaverse appears to be one of the most popular terms to have been adopted over the internet. Several tech companies have announced plans to create 3D inventions that can feature in the virtual world. Big companies like Meta, Microsoft are already betting big on the metaverse and future of the internet. Metaverse enthusiasts today have received various recommendations on metaverse crypto they should pay attention to in which Sandbox is one of them. Soon the lines between the physical and the digital realms may continue to become blurry as the internet continues to upgrade.

According to the images of the yacht that have surfaced online, this yacht is three-story and white in color and was paid for with 149 Ether tokens. The news of the most expensive non-fungible token has gone on to quickly spread on the social media space, especially at a time when many are still trying to understand the concept of the metaverse and how it’s gaming and crypto spaces work.

A metaverse developer by the name Republic Realm, released the pricey digital asset. The expensive digital asset was designed and created specifically for The Sandbox as part of a luxury NFT series. Other products that have made it into this series also include private islands, speed boats, and jet skis.

Although this isn’t the first of its kind, several metaverse properties have been recorded to have been sold for a huge sum of money. Earlier in the month, a plot of land in Decentraland, a decentralized, 3D virtual reality universe that also thrives on Ethereum blockchain, was sold for $2.43 million. In other to personalize the experiences of living in a virtual world, metaverse users have the ability to make purchases of plots of land, estates, and wearable like we do in the real world. All of the items that can be purchased are NFTs — digital collectibles with monetary value. Another plot of digital land in the virtual gaming world of Axie Infinity was recently reported to have been purchased for $2.3 million.

According to Bloomberg Intelligence, the market opportunity for the metaverse will be $800 billion by 2024. The Bloomberg Intelligence spotlights on investing in the Metaverse, which happens to be the next generation of the internet. The Metaverse is no longer something we watch in sci-fi movies again, it has been recognized as a brand of technology that has the potential to blow up in the coming years.