Značka: The Sandbox

Nifty News: Rarible fixes bug, real home and virtual twin auction, Mega City in The Sandbox

NFT marketplace Rarible temporarily cancelled orders from OpenSea and sent a series of tweets today outlining how it plans to help combat what it called “risky sale orders” on OpenSea with a new order management tool.The tool is designed to help users differentiate between their active and inactive orders to help prevent their NFTs from being mistakenly sold even if they cancel an OpenSea order by transferring the asset to another wallet.Part of Rarible’s business model is aggregating OpenSea orders on its platform.Since late Dec. 2021, OpenSea users have noticed a bug which allows assets to remain up for sale on Rarible even when their assets have been moved to a different wallet. Rarible explained:“When you move your item out, the order can’t be fulfilled anymore. But when the item gets back to your wallet, the order is active on-chain again. The secure way to remove a listing is to cancel it on-chain.”Rarible’s tool displays orders as either Active or Inactive to mitigate the confusion about what assets are actually up for sale. Rarible said in a tweet, “Active orders are on right now and require most of your attention,” while “Inactive orders are the orders that will become active in case the NFT gets back to your wallet.”Rarible is currently the ninth-largest NFT marketplace according to DappRadar.Buy LAND near The Sandbox’s new Mega CityThe Sandbox (SAND), a metaverse platform and decentralized gaming virtual world has announced it will create a Mega City with a focus on contemporary cultural icons and the expansion of Hong Kong culture into the MetaverseA slew of new partners who own LAND and are well-known in Hong Kong have signed up including tycoon Adrian Cheng, investing leader Sun Hung Kai & Co, professional services firm PwC Hong Kong, blockchain-related investment and asset management company TIMES CAPITAL, director, producer and actor Stephen Fung, actress Shu Qi, musician Dough-Boy, game IP Little Fighter, and local illustrator Dreamergo.The Sandbox has scheduled a LAND sale on Jan. 13 to allow users to purchase LAND outside of Mega City hubs.CEO of major The Sandbox backer Animoca Brands CEO Yat Siu said that:”The Sandbox and virtual land has really caught people’s imagination and attention in this region.”Real-world and virtual-world home auctionedA collaboration between ONE Sotheby’s International Realty and Voxel Architects will see a real house sold in tandem with a virtual copy in The Sandbox.The real house in Miami, USA, and will be an 11,000 square foot home with seven bedrooms and nine bathrooms on one acre of land. The houses are still under construction and are expected to be included in a Sothetby’s auction in 2022. The price rangehas not yet been determined. CoolWallet Pro to support NFTsCoolbitX, manufacturer of the crypto wallet CoolWallet Pro, announced at CES 2022 that its crypto wallet has added NFT support. Integrated support for NFTs will be usable with OpenSea and Rarible NFT marketplaces. The brand hopes to attract new users to the crypto space and introduce them to the metaverse and Play to Earn. CoolBitX founder and CEO Michael Ou said:“NFT support on the CoolWallet will help to seamlessly blend our users’ physical and virtual worlds, empowering them to manage and protect both their crypto assets and digital collectibles with confidence.”NFT sales top $530 million in 7 daysData from Nonfungible shows that the NFT market is continuing the wild growth that began in 2021 with the first week of 2022 totaling $530 million in sales and the highest-ever average price per asset at $5,215. Last year, over $23 billion of NFTs were sold according to a DappRadar report.The biggest sale over the past seven days was a SuperRare NFT which sold for nearly 250 ETH ($939,787). Bored Ape Yacht Club had by far the highest volume over the same time period with $216,869.Other Nifty NewsDigital asset curator Metaversal closed a $50 million funding round to help expand its NFT portfolio and investment capabilities in the Metaverse and NFT spaces. The funding round was led by Coinfund and Foxhaven.Golfing startup LinksDAO raised $10.5 million to fund its desire to buy golf courses and develop the LINKS cryptocurrency. Funds were raised through an NFT sale of over 9,000 “leisure memberships” and “global memberships.”

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PwC Hong Kong purchases land plot in The Sandbox

PwC Hong Kong, an international subsidiary of the global PricewaterhouseCoopers (PwC) organization, announced Thursday its emergence in the metaverse space with the acquisition of LAND in the popular world The Sandbox.Though the cost of its LAND asset was undisclosed, it was noted that PwC Hong Kong intends to construct a Web 3.0 advisory hub to facilitate a new generation of professional services, including accounting and taxation.The global organization PwC, headquartered in London, United Kingdom, documented revenues of $45 billion from June 2020 to June 2021, up 2% from the previous year.William Gee, a partner at PwC Hong Kong, stated that the organization will seek to “leverage our expertise to advise clients” on the metaverse, calling the burgeoning technology a “digital phenomenon.”Related: Virtual land in the metaverse dominated NFT sales over past weekIn July this year, PwC crypto leader Henri Arslanian stated that venture capital funds and similar conglomerates with large financial resources are curtailing opportunities for smaller, often family-run firms to invest and participate in the growth of promising crypto startups. Recently, Twitter CEO Jack Dorsey expressed similar concerns about the power of venture capital firms in preventing Web 3.0 developers from achieving their decentralized vision. Chief operating officer of The Sandbox Sebastien Borget shared his enthusiasm for the introduction of PwC Hong Kong to the platform:”The metaverse is open for business. We welcome PwC Hong Kong to experience how The Sandbox fosters new immersive experiences and ways for brands to connect with customers.”According to data from DappRadar, The Sandbox has registered 4,450 unique users over the last 30 days, while the platform’s native token, SAND, is priced at $5.84, having retraced almost 30% from all-time highs last month.

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$106M worth of metaverse land sold last week: DappRadar

Four blockchain-based metaverse projects generated more than $100 million worth of virtual land nonfungible token (NFT) sales last week, according to data from DappRadar. A Tuesday post from the decentralized application analytics firm reported that between Nov. 22 and Nov. 28, activity was “booming” on The Sandbox, Decentraland, CryptoVoxels and Somnium Space with a combined $105.8 million worth of trading volume among them from more than 6,000 traders:“Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space.”The Sandbox represented the lion’s share of volume for the week with $86.56 million, Decentraland accounted for $15.53 million, while CryptoVoxels and Somnium Space generated $2.68 million and $1.1 million, respectively. All four of these metaverse projects are built on the Ethereum blockchain, although projects on other chains such as Solana are beginning to gather pace, too. DappRadar noted that “the wave of attention towards virtual worlds like The Sandbox and Decentraland started with Facebook’s rebranding to Meta.”“However, this is only the tip of the iceberg that pushed the term Metaverse into the mainstream. Virtual worlds carry such enormous potential, and we’re just beginning to see the full array of use cases for metaverse land,” the blog post read. Related: NFT sales aim for a $17.7B record in 2021: Report by Cointelegraph ResearchCommenting on The Sandbox’s enormous surge in NFT land sales volume, Yat Siu, chairman and co-founder of Sandbox’s parent company, Animoca Brands, told Cointelegraph: “Facebook in their attempt to usurp the narrative of the metaverse caused a chain reaction of other companies not in Web 3.0 (such as Microsoft) to also announce their metaverse strategies and created mass interest and awareness.”Siu contrasted Meta’s approach to the more organic, user-built environment of The Sandbox.“While not everyone understands what digital property rights really mean, enough of them are interested in this now, and this has created more net awareness. The Sandbox has captured the narrative of a real metaverse — one where you can really own a piece of it, and this is also reflected somewhat in the token price,” added Siu.Out of the four projects listed, Decentraland has seen the biggest NFT land sale over the last 30 days, with a plot consisting of 116 parcels of land in the virtual world’s Fashion Street District selling for 618,000 MANA tokens ($2.7 million at current prices) on Nov. 23. On the same day, The Sandbox also sold a tokenized ultra-luxury mega-yacht for 149 Ether (ETH) worth more than $666,000 at the time of writing. Top 10 NFT sales Nov. 22–Nov. 28. Source: DappRadar

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