Non Fungible Tokens (NFTs) have been a hotspot in the blockchain ecosystem for months. The NFT market has garnered a massive number of sales in recent times as many fortune 500 companies, sports stars, as well as individuals have adopted this intriguing use case.
The NFT market remains a hot spot as Sandbox –a virtual world where players can play, build, own, and monetise their virtual experiences, recently bought the Bored Ape #3749 “The Captain” for 740 ETH. Sandbox empower artists, creators, and players to build the platform they always envisioned, providing the means to unleash their creativity.
The Sandbox and Bored Apes
“The Captain” is an exact representation of why NFTs are the intersection of scarcity, art, and gaming. Bored Ape #3749 is a six trait gold fur ape with a sea captain’s hat, a black t-shirt and, of course, laser eyes. Based on these traits, Bored Ape #3749 is the 27th rarest ape, according to Rarity Tools.
As for the Sandbox, they are quickly becoming one of the largest holders of bored apes. After the purchase of Bored Ape #3749, the company now has 31 bored apes worth at least 2,337.979 Eth or $9,118,000, according to Evaluate Market.
The Sandbox team bought their Bored Ape from Andy Booth and James Booth, also called the Booth Brothers. The Booth Brothers have been incredibly successful in selling domain names, and are known as being high risk and high reward investors. They purchased Bored Ape #3749 less than a month ago for 400 ETH, and sold it to The Sandbox for more than double the price, raking in a profit flip of $1.5 million after gas fees. An impressive flip indeed.
The Sandbox NFT Collections
The Sandbox holds over 250+ unique NFTs, which includes Crypto Art from notable artists Kevin Abosch, Xcopy, Pascal Boyart, Hashmasks, Art Blocks, Fortune Media, Karen Jerzyk, Tank, Diela Marahanie, Arya Mularama, just to name a few.
The Sandbox estimated net worth of NFT Collection is 3,880 ETH ($13M) as of September 2021, according to NFTBank.ai.