Sandbox has announced the launch of a new Mega City. The new neighbourhood is set to launch on January 13, 2022. The Sandbox Mega City will provide virtual spaces for partners from Hong Kong. These partners include stars from the film, music, entertainment, acting, finance, real estate, and gaming sectors.
Some of the big names already committed to this virtual realm’s regional purchases are entrepreneur Adrian Cheng and entertainment stars – Stephen Fung and Shu Qi.
The Sandbox Mega City will feature virtual land plots of varying sizes and prices. Further, the gamers and investors will need SAND tokens and ETH to buy land, characters and gas fees for purchase.
There will also be numerous rewards of Non-Fungible Tokens (NFTs). NFTs are digital items that can be bought or sold, just like real-world items, but in the virtual world using this blockchain technology. Premium land plots will offer one of six additional NFTs.
The Demand Surged
The demand for the Sandbox Mega-City assets, already on the rise, is further crossing the thresholds. So, the Sandbox is one of the elite properties in the metaverse realm right now. The plots are costly, though. For example, in November, someone purchased a land plot next to Atari’s estate for 44 ETH (about $191.190).
More and more people and organizations are getting interested in the virtual metaverse. The digital property values are soaring, and the metaverse wave of change is at the anvil. Consequently, the lands go for hundreds of thousands of dollars as per the popularity of the respective metaverse universe. Some of the most expensive lands, other than the Sandbox, are Decentraland, Somnium Space, Cryptovoxels and Axie Infinity. The race of dominating the metaverse is a new-age trend. The one who deals the land wins the race.