If you invested $ 1,000 in the Sandbox Coin (SAND) when Snoop Dogg announced a partnership, here’s how much you would have now
The quest to obtain and invest in virtual land in the metaverse picked up. Metaverse-related NFT sales volume has increased since Meta Platforms Inc (NASDAQ: FB) became the new name for social media platform company Facebook Inc.
Cryptocurrencies from related metaverse companies have also risen. Could the news of a partnership between a virtual land company and a rap icon have signaled a potential investment?
“It makes the news fall like it’s hot!” The Sandbox is delighted to announce a partnership with legendary rapper, actor, songwriter and artist Snoop Dogg, âsaid The Sandbox at the time.
Snoop Dogg is scheduled to perform live and interact with players inside The Sandbox, the company said.
Snoop Dogg was among the recent headlines on The Sandbox. It was reported that someone had paid 71,000 SAND, or approximately $ 450,000, to acquire the land next to Snoop Dogg’s. The purchase came after Snoop Dogg tweeted about anyone wanting to become their neighbor in the Metaverse.
The sales volume on NFT The Sandbox has increased sharply over the past 30 days. The company’s virtual real estate also saw massive sales.
At the end of November, the Metaflower Super Mega Yacht sold for 149 Ethereum (CRYPTO: ETH), or about $ 650,000. It was the most expensive NFT item sold from the Metaverse The Sandbox and the most expensive NFT asset ever sold in a video game. Another November sale for virtual land in The Sandbox sold for $ 4.3 million.
The Sandbox’s sales volume is $ 171.9 million for the past 30 days, up 736% from the previous 30 days. The sandbox ranks third in the 30-day period, behind only Infinite Axis (CRYPTO: AXS) and Bored Monkey Yacht Club.
Related Link: Want to Own Land in the Metaverse? Record sales as interest increases
Invest $ 1,000 in SAND: The cryptocurrency linked to The sandbox (CRYPTO: SAND) has seen a big increase over the past few months and could have been a good investment when the Snoop Dogg partnership was announced.
On September 23, SAND traded at a high of $ 0.7481. An investment of $ 1,000 could have purchased 1,336.72 SAND coins at the time.
This $ 1,000 investment in SAND would be worth $ 7,054.81 today based on a price of $ 5.2777 at the time of writing. This represents a return of 605% in less than three months.