What if the popular children’s game Minecraft is enhanced with the concept of private property? In the latest development of the NFT techno-financial sector that is quite captivating, Hypebeast reported that a nonfungible token (NFT) yacht sold for $650,000.
More specifically, the “Metaflower Super Mega Yacht” went for 149 “WETH” (Wrapped Ethereum). Its utility over normal Ethereum eludes many people, but crypto enthusiasts enjoy many barriers to keep their money safe when transacting digitally.
What if Sea of Thieves owned all the islands? The Metaflower Super Mega Yacht’s anonymous owner can enjoy its helicopter landing pad, completely digital DJ booth, and hot tub in “The Fantasy Islands,” which is a self-described:
“Luxury real estate development project of 100 NFT private islands (comprised of NFT land in the Sandbox + architecturally unique 3D NFT villas) on the Ethereum blockchain.”
The unimpressive 3D model and attending luxury resort will thrive in the Sandbox“, which is a blockchain-based, self-described “metaverse.” Its low-fi aesthetic and emphasis on user-generated content are majorly reminiscent of Roblox just like its cosmetics-centric monetization but on a considerably different scale.
This is the world of NFTs and blockchain technology. Hence, instead of 12-year olds stealing their parents’ credit cards so that they can get a look similar to Thanos, it is adults who are spending $16,585 on the “Female Teacher” player model that is not even rare. For now, the Sandbox is still in a closed alpha.
It feels like buying League of Legends’ Dunkmaster Darius skin for $15 in 2014 but then losing it in early 2021 when Riot updated their account system.