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The big picture: Just $ 650,000 for an ultra-complete luxury super yacht with a DJ booth, helicopter landing pad, and hot tub would be a steal in the real world, but what about in the virtual realm ? Time will tell us.
That’s roughly how much the new owner of the Metaflower Super Mega Yacht recently paid for the opportunity to own a luxury NFT designed for The Sandbox, “a virtual world where players can create, own, and monetize their experiences. Game”.
The virtual ship was designed by Republic Realm, a metaverse and NFT innovation and investment platform, as part of its Fantasy collection. According to Business Insider, it is the most expensive non-fungible token ever sold in The Sandbox.
Earlier this month, someone shelled out nearly $ 2.5 million for digital land on Decentraland, another metaverse.
Making sense of the whole picture is a challenge in itself, and essentially revolves around how you define the metaverse.
Some consider the Metaverse to be little more than a persistent virtual world, the likes of which have existed at least since the inception of Second Life in 2003. More recent interpretations see the Metaverse as a three-dimensional iteration of the Internet that is more involved. than just a video game. But are the two really different, at least at this point? In this sense, how is it new? People have been buying virtual goods in games for years. So, is it trendy and cool to do it, and overpay for trivial things?
At this point, there are arguably more questions than answers about the Metaverse and how it will or will not evolve. Will there be a central metaverse, like the traditional internet, or several smaller platforms that will entice users to choose sides?
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