DJ booth, hot tub, helipad… these are just some of the entertainment areas that are part of The Metaflower Super Mega Yacht.
The ship was sold in recent days for the small sum of 650 thousand US dollars, which is equivalent to 3.6 million Brazilian reais.
However, the yacht has a slight advantage: it doesn’t exist in the real world. Created by Republic Realm, a company that specializes in designing objects used in the metaverse, the ship was created for the game The Sandbox and is an NFT (non-fungible token) of the item.
This auction marks the highest price ever paid for an NFT from The Sandbox and an exciting time for all members of the Fantasy community,” Republic Realm said.
In addition to the boat, Republic Realm has also developed a luxury collection for the Sandbox, called The Fantasy Collection of NFTs, which includes jet skis, speedboats, and even a private island.
Congratulations to the new owner of the Metaflower NFT Super Mega Yacht for making metaverse NFT history. This auction represents the highest price paid for a @tweet The NFT asset is priced at 149 ETH ($650,000), which is an exciting time for every member of the Fantasy Community. pic.twitter.com/Nl0278JbOT
– Kingdom Republic (@joinrepublic_re) November 24, 2021
However, those who were impressed by the price paid will be even more surprised to find that this is not yet the most expensive item ever sold in the metaverse.
As mentioned in the G1 article, last Tuesday (23) a virtual land was sold in the game Decentraland for $ 2.4 million, which is about R$ 13 million.
What is NFT?
The abbreviation for Non-Fungible Code (“non-fungible code”, in free translation) is a method that allows encoding a digital file of any type, such as pictures, photos, videos, and music in its original files, and allowing it to be “authentic”, that is, unique in the world, as a single unit of a work of art.
Any copy without NFT coding would be an unauthenticated copy, like a pirated product or just an exact copy, which can add value to the original files of a digital item. Unlike cryptocurrencies, NFTs are not fungible, as any manipulation will cause the part data to change.
Although, if buyers want to make a profit from the purchased piece, such as a graphic design or video meme, they have the right to use it for free; In addition to the ability to request it to be withdrawn in commercial uses.