Metaverse News

NFT Technology Used to Auction Mansion with Virtual Counterpart in The Sandbox

ONE Sotheby’s International Realty is teaming up with Voxel Architects and NFT collector Gabe Sierra to introduce the world to the first-ever MetaReal Mansion, a project which will see the sale of a mansion which includes a virtual counterpart in The Sandbox metaverse. The two-part project is set to be auctioned off in 2022 at a yet-to-be disclosed reserve price, with the transaction planned to be executed on the Ethereum blockchain.

ONE Sotheby’s Michael Martinez will lead the sale of the physical home, which is set to be completed by the end of 2022. The mansion is being built on a one-acre plot of land in one of the most prestigious neighbourhoods of Miami, and will feature a whopping seven bedrooms and nine bathrooms across its vast 11,000 square foot area.

The virtual counterpart of the physical mansion is going to be an exact mirror of it, with the Voxel Architects of The Sandbox metaverse helping it bring the virtual replica to life. Partner of the project, Gabe Sierra, outlined the function of the virtual counterpart: “The metaverse counterpart of the home will serve as an extension of the real-world home, allowing the buyer to host in-home meetings, events and parties with guests from around the world.”

Although meta residency is a relatively new addition to The Sandbox, the metaverse is already filled with an array of different virtual properties, such as conference centres, commercial spaces, art galleries, hangout spots, and other homes. Within this list is the virtual home of pop-culture and rap icon Snoop Dogg, where he hosts metaverse parties and NFT exhibitions for The Sandbox users and fans to engage with.

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