Mega Yacht Sold in Metaverse for $650,000, Becoming the Most Expensive NFT in Sandbox Virtual World

Mega Yacht Sold in Metaverse for $650,000, Becoming the Most Expensive NFT in Sandbox Virtual World
Monday, December 6, 2021
Ada Yacht
Mega Yacht Sold in Metaverse for $650,000, Becoming the Most Expensive NFT in Sandbox Virtual World

The "Metaflower Super Mega Yacht" is a three-story white virtual luxury ship with two helipads, hot spas, and a DJ booth.

The Metaflower Super Mega Yacht was successfully auctioned by Metaverse developer Republic Realm for 149 ETH (about $650,000 USD), making it the most expensive NFT asset in The Sandbox.

The Sandbox is presently one of the most popular metaverse games, with collaborations with businesses and celebrities such as adidas, Atari, Bored Ape Yacht Club, Binance, Snoop Dogg, The Smurfs, DeadMau5, and others. On the site, Republic Realm has created a series of "Fantasy Islands" comprised of 100 private islands.

A giant boat has been auctioned for a stunning $650,000 in the Sandbox virtual game environment (roughly Rs. 4.8 crore). This virtual luxury ship, which is part of the metaverse, is dubbed the "Metaflower Super Mega Yacht," and it has two helipads, hot tubs, and a DJ booth, among other opulent amenities. The Metaflower boat has become the most expensive non-fungible token (NFT) to be sold in the Sandbox – a virtual environment created on the Ethereum blockchain that allows users to acquire digital items, construct their own games, and monetise their experiences.

The Metaverse is a three-dimensional, future version of the Internet that has the capacity to support a fully operating virtual environment.

The news of this transaction quickly spread on social media, at a time when the notion of the metaverse is beginning to reverberate in the gaming and crypto industries.

According to the photos, this boat is three-story and white in color. This NFT was paid for using 149 Ether tokens.

Republic Realm, a metaverse developer, issued the costly digital asset. It was created specifically for The Sandbox as part of a premium NFT series. Other goods in this series include private islands, speed boats, and jet skis.

This is not, however, the first time a metaverse property has sold for a considerable sum of money. 

Earlier this month, a parcel of land in Decentraland, a decentralized, 3-dimensional virtual reality environment created on the Ethereum blockchain, was sold for $2.43 million (approximately Rs. 18 crore). People may purchase plots of land, estates, and wearables for their virtual avatars in order to personalize their experience of living in an alternate world. All of the objects that may be purchased are NFTs – digital collectibles with monetary worth.

Another plot of digital property in the virtual game world of Axie Infinity was just acquired for $2.3 million (approximately Rs. 17 crore).

According to Bloomberg Intelligence, the business opportunity for the metaverse would be $800 billion (approximately Rs. 59,58,719 crore) by 2024.

Following Facebook's rebranding to "Meta" earlier this year, other digital behemoths such as Microsoft, Nvidia Omniverse, and Roblox Metaverse are getting into the metaverse groove.

The collection of islands, which consists of homes built on top of NFT land, sold out in less than 24 hours and now has a floor price of 63.9 ETH (about $280,000 USD). The unprecedented Metaflower Yacht is an expansion of the Fantasy Islands development and is a one-of-a-kind NFT that falls under the Fantasy Collection, a suite of luxury NFTs that includes private islands, jet skis, and speedboats, as well as exclusive access to the members-only beach club and Fantasy Marina. Two helipads, various lounge rooms, a Jacuzzi, and a dance floor are among the amenities on the four-story yacht. Here's a look at the NFT from every angle.

The Metaflower Yacht is one of several assets that Republic Realm intends to make available as part of the Fantasy Collection over time. Please visit the real yachts for sale in our database.