The non-fungible token vault, whale, has become the second major owner of virtual lands in The Sandbox gameand its owner plans to become a virtual real estate developer.
Whale markers are part of a shareholding in “The Vault”., NFT’s private collection of well-known cryptocurrency investor and social media profile “WhaleShark Pro“It achieved a market cap of $ 16 million despite only having $ 1 million in NFT. This suggests that many speculators believe that WhaleShark’s collection of rare tokens is likely to appreciate significantly in value.
The Blockchain Intelligence Company, Messari, estimates that almost 50% of the vault is made up of landmarks, This makes Whale the second largest owner after Binance. The exchange received a significant number of tokens from the initial $ 3 million land exchange offer on Binance Launchpad bought another 4,012 land tokens earlier this week.
Talk to Cointelegraph Sebastien Borget, COO and Co-Founder of The Sandbox, said: “WhaleShark understands The Sandbox’s vision very well and has the right eyes to acquire NFT with high growth potential.”
Borget notes that the whale community is “Consisting mainly of builders and artists” Who will create gaming experiences in WhaleShark’s virtual land to generate revenue streams in the form of The Sandbox’s in-game currency, sand?
“The sources of income in SAND will then be redistributed in your community without us acting as a central authority.”Borget added.
“WHALE is the perfect example of user-generated content and the development of ecosystems through blockchain.”
The project started a liquidity mining program last month This may have driven Whale’s market cap as the high-yield farmers looked for new yields. In August they spread out 5,000 whale tokens valued at approximately $ 30,000 provide liquidity providers with an annual percentage return of 22.5%.