The demand for LAND on The Sandbox has continued to increase with celebrities buying real estate in the metaverse. For instance, Snoop Dogg purchased parcels and launched a platform where he holds virtual events. By the way, the rapper is currently selling parcels in his Snoopverse in the metaverse.
Land parcels close to celebrities are sold at premium rates with some going for as high as $450,000. What does this mean? Owning LAND in The Sandbox Metaverse is a profitable venture worth investing in. So, how can you buy a LAND in The Sandbox Metaverse? Let us look at this in detail.
What to Know About Buying a LAND in The Sandbox Metaverse
First, let us establish what LAND is in the metaverse. LAND in The Sandbox is an ERC-721 token on the Ethereum blockchain. A plot is 96 meters in width and 96 meters in length, making it a perfect square.
There are 166,464 LANDs in The Sandbox, and the public can buy about 74% of the total, which is 123,840 units. The remaining plots are given as rewards to partners, creators, and gamers, with some retained for use by The Sandbox.
Landowners in the metaverse can create and publish their play-to-earn games and monetize them. Owners can also rent out their property to earn passive income. The Sandbox has two LAND types, which are Premium and Regular.
How to Buy LANDs in The Sandbox Metaverse
LANDs are available for purchase during public sales held periodically by the game platform. You can view the available LAND plots through the official Sandbox map. To buy LAND, here is what you need:
- A Sandbox Account and a crypto wallet like Arkane Crypto or MetaMask wallet.
- SAND and ETH: You need the SAND to buy the LAND, but since the token runs on Ethereum, you need ETH to complete the transaction.
With this, you can progress to buy your first LAND on The metaverse.
Steps to Buy LANDs in The Metaverse
1: Locate the LAND/MAP button and click on it.
2: Then select the LAND you desire to buy and click on it.
3: Click on the “Buy” button.
4: Confirm your purchase and enter the amount of gas to use for the transaction.
5: Wait for the purchase confirmation. You will receive a notification with “Transaction Succeeded. You own a LAND”.
That is all it requires to buy a LAND in The Sandbox Metaverse. Of course, you can also buy LANDs from secondary marketplaces, including Binance and Opensea.