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'The Metaflower Super Mega Yacht' NFT Sells for a Record $650,000 USD

The most expensive nft item in the sandbox metaverse..

Metaverse developer Republic Realm has successfully sold The Metaflower Super Mega Yacht for 149 ETH (approximately $650,000 USD), making the digital yacht the most expensive NFT asset in The Sandbox .

The Sandbox is currently one of the leading metaverse games boasting collaborations with brands and personalities such as adidas , Atari , Bored Ape Yacht Club , Binance , Snoop Dogg , The Smurfs , DeadMau5 and others. Republic Realm has developed a series of “Fantasy Islands” on the platform consisting of 100 private islands.

Congrats to the new owner of The Metaflower NFT Super Mega Yacht on making metaverse NFT history. This auction marks the highest price paid for a @TheSandboxGame NFT asset at 149 ETH ($650,000), and an exciting time for every member of the Fantasy Community. pic.twitter.com/Nl0278JbOT — Republic Realm (@joinrepublic_re) November 24, 2021

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• Mega Yacht Sold for $650,000 in Metaverse, Becomes Most Expensive NFT in Sandbox Virtual World

Mega Yacht Sold for $650,000 in Metaverse, Becomes Most-Expensive NFT in Sandbox Virtual World

The white coloured, three-storied virtual luxury ship is called the “metaflower super mega yacht”, featuring two helipads, hot tubs, and a dj booth..

Photo Credit: Twitter/ Eart Labs

Metaflower Super Mega Yacht is now the most expensive NFT on the Sandbox virtual world

• The transaction was done in 149 Ether tokens.
• Details about the buyer remains unknown
• Sandbox has other NFTs like jet skies and speed boats

In the Sandbox virtual gaming world, a mega yacht has been sold for a whopping $650,000 (roughly Rs. 4.8 crore). Part of the metaverse, this virtual luxury ship is called the “Metaflower Super Mega Yacht”, featuring two helipads, hot tubs, and a DJ booth among other lavish facilities. With this purchase, the Metaflower yacht has become the most expensive non-fungible token (NFT) to have been sold in the Sandbox — a virtual world built on the Ethereum blockchain that allows players to gather digital collectibles, build their own games, and monitise their experiences.

Metaverse is a futuristic, three-dimensional version of the Internet that can potentially sustain a fully functional virtual universe.

At a time when the concept of metaverse is beginning to echo in gaming and crypto spaces, the news of this purchase was quick to surface on social media.

• Ethereum Whale Moves 9 Million MANA Tokens to Anonymous Account

As per the images, this yacht is three-storeyed and white in colour. The payment of this NFT was done in 149 Ether tokens.

Congrats to the new owner of The Metaflower NFT Super Mega Yacht on making metaverse NFT history. This auction marks the highest price paid for a @TheSandboxGame NFT asset at 149 ETH ($650,000), and an exciting time for every member of the Fantasy Community. pic.twitter.com/Nl0278JbOT — Republic Realm (@joinrepublic_re) November 24, 2021

The pricey digital asset was released by Republic Realm, a metaverse developer. It was especially designed as part of a luxury NFT series, designed for The Sandbox. Private islands, speed boats as well as jet skis are other products that are on this series.

This is, however, not the first time a metaverse property has garnered a large amount of money in sales.

• Pokemon Go Developer Announces Launch of 'Real World Metaverse'

Earlier in November, a plot of land was sold for $2.43 million (roughly Rs. 18 crore) in Decentraland, which is also a decentralised, 3-dimensional virtual reality universe built on the Ethereum blockchain. People can buy pieces of land, estates, and wearables for their virtual avatars to customise their experience of existing in an alternate reality. All the buyable items are NFTs — digital collectibles with value.

Recently, another chunk of digital land was purchased for $2.3 million (roughly Rs. 17 crore) in the virtual gaming world of Axie Infinity .

Bloomberg Intelligence expects the market opportunity for the metaverse to reach $800 billion (roughly Rs. 59,58,719 crore) by 2024.

After Facebook was rebranded to “Meta” earlier this year, more tech giants like Microsoft, Nvidia Omniverse, and Roblox Metaverse are getting into the groove of the metaverse.

The metaverse is here, and it's not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room. Take a look. pic.twitter.com/h5tsdYMXRD — Satya Nadella (@satyanadella) November 2, 2021

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A metaverse mega yacht that just sold for $650,000 is the most expensive NFT sold in The Sandbox virtual world

• A mega yacht just sold for around $650,000, HypeBeast first reported.
• The Metaflower Super Mega Yacht was purchased for 149 ether.

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences.

A mega yacht just sold for around $650,000, making it the most expensive non-fungible token ever sold in The Sandbox virtual gaming world.

The Metaflower Super Mega Yacht was purchased for 149 ether, according to etherscan. It is described as an ultra-luxury megayacht, featuring a DJ booth, two helipads, and a hot tub, among other amenities. HypeBeast was the first to report.

The digital asset was released by Republic Realm, a metaverse developer, for The Fantasy Collection line of luxury NFTs designed for The Sandbox. Other luxury products include private islands, jet skis, and speedboats.

Players can create digital assets such as NFTs and upload them to the marketplace, according to its white paper . Those who own sand, the main utility token of the platform, can participate in the governance of the platform via a decentralized autonomous organization, or DAO.

The sale of luxury items in the metaverse, a new three-dimensional iteration of the internet, has been making headlines as of late.

In November, a plot of digital land in Decentraland , a virtual world, was sold for $2.43 million — a hefty price tag that trumped the cost of most homes in New York City and San Francisco.

A day after, another plot of digital land sold for $2.3 million in Axie Infinity, another virtual world.

The sales continue to highlight the momentum of how much investors are willing to pay to secure their lots before the metaverse enters the mainstream.

The acceleration in interest has also fueled steep rises in the value of the cryptocurrencies that are linked to the virtual world, from Decentraland's mana token to Sandbox's sand coin.

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A metaverse mega yacht that just sold for $650,000 is the most expensive NFT sold in The Sandbox virtual world

• A mega yacht just sold for around $650,000, HypeBeast first reported.
• The Metaflower Super Mega Yacht was purchased for 149 ether.

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences.

A mega yacht just sold for around $650,000, making it the most expensive non-fungible token ever sold in The Sandbox virtual gaming world.

The Metaflower Super Mega Yacht was purchased for 149 ether, according to etherscan. It is described as an ultra-luxury megayacht, featuring a DJ booth, two helipads, and a hot tub, among other amenities. HypeBeast was the first to report.

The digital asset was released by Republic Realm , a metaverse developer, for The Fantasy Collection line of luxury NFTs designed for The Sandbox. Other luxury products include private islands, jet skis, and speedboats.

Players can create digital assets such as NFTs and upload them to the marketplace, according to its white paper . Those who own sand , the main utility token of the platform, can participate in the governance of the platform via a decentralized autonomous organization, or DAO.

The sale of luxury items in the metaverse, a new three-dimensional iteration of the internet, has been making headlines as of late.

In November, a plot of digital land in Decentraland , a virtual world, was sold for $2.43 million — a hefty price tag that trumped the cost of most homes in New York City and San Francisco.

A day after, another plot of digital land sold for $2.3 million in Axie Infinity, another virtual world.

The sales continue to highlight the momentum of how much investors are willing to pay to secure their lots before the metaverse enters the mainstream.

The acceleration in interest has also fueled steep rises in the value of the cryptocurrencies that are linked to the virtual world, from Decentraland 's mana token to Sandbox's sand coin.

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Someone bought a $650,000 NFT yacht for a game that hasn't been released

What if we took the beloved children's game Minecraft, and added the concept of private property?

In the latest development of the NFT techno-financial trash fire none of us are allowed to look away from, Hypebeast reports that an NFT yacht just sold for $650,000. More precisely, the "Metaflower Super Mega Yacht" went for 149 "WETH" or "Wrapped Ethereum." Its utility over regular Ethereum eludes me, but crypto people love having multiple barriers of transfers, digital wallets, and withdrawals between the money of the future and money you can use to pay your rent.

The Metaflower Super Mega Yacht's lucky (and anonymous) owner will be able to enjoy its completely digital DJ booth, helicopter landing pad, and single hot tub in "The Fantasy Islands," a self-described "luxury real estate development project of 100 NFT private islands (comprised of NFT land in the Sandbox + architecturally unique 3D NFT villas) on the Ethereum blockchain."

Are you still with me? You're going to wish you weren't. This unimpressive 3D model and attending luxury resort will live in " the Sandbox ", a blockchain-based, self-described "metaverse." Its low-fi aesthetic and emphasis on user-generated content are strongly reminiscent of Roblox, as is its cosmetics-centric monetization, but on a vastly different scale. This is NFTs and the blockchain, so instead of little 12-year-olds sneaking their parents' credit cards so they can look like Thanos, it's adults with fully developed brains dropping $16,585 for the " Female Teacher " player model, which isn't even one of a kind. Have I mentioned that the Sandbox is still in a closed alpha?

If nothing else, all of this makes me feel better about buying League of Legends' Dunkmaster Darius skin for fifteen bucks back in 2014. Maybe if the Dunkmaster was on the blockchain, I wouldn't have lost him and my other skins when Riot updated their account system in early 2020. (I do not mourn their loss.) If all goes well, hopefully this stuff will all go down like the Hindenburg without taking the global financial system with it.

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• A mega yacht just sold for around $650,000, HypeBeast first reported.
• The Metaflower Super Mega Yacht was purchased for 149 ether.
• The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences.

A mega yacht just sold for around $650,000, making it the most expensive non-fungible token ever sold in The Sandbox virtual gaming world.

The  Metaflower Super Mega Yacht  was purchased for 149 ether, according to etherscan. It is described as an ultra-luxury megayacht, featuring a DJ booth, two helipads, and a hot tub, among other amenities.  HypeBeast  was the first to report.

The digital asset was released by Republic Realm, a metaverse developer, for  The Fantasy Collection  line of luxury NFTs designed for The Sandbox. Other luxury products include private islands, jet skis, and speedboats.

The Sandbox  is a virtual world where players can build, own, and monetize their gaming experiences.

Players can create digital assets such as NFTs and upload them to the marketplace, according to its  white paper . Those who own sand, the main utility token of the platform, can participate in the governance of the platform via a decentralized autonomous organization, or DAO.

The sale of luxury items in the metaverse, a new three-dimensional iteration of the internet, has been making headlines as of late.

The sales continue to highlight the momentum of how much investors are willing to pay to secure their lots before the metaverse enters the mainstream

The acceleration in interest has also fueled steep rises in the value of the cryptocurrencies that are linked to the virtual world, from Decentraland’s mana token to Sandbox’s sand coin.

• CryptocurenSea
• metaverse mega yacht
• virtual world

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Someone Just Paid US$650,000 For An NFT Yacht

An nft mega yacht, called the metaflower super mega yacht , was recently sold for a whopping usd 650,000..

Needless to say, this created quite a stir in the Sandbox virtual world because it currently stands as the most expensive purchase ever made of a non-fungible token (NFT). Here’s all we know about Metaflower , the most expensive NFT in the Sandbox virtual world

What is the NFT mega yacht Metaflower ?

The mega yacht is as luxurious as it can get. Featuring two helipads, several lounge areas, a jacuzzi and a DJ booth, the Metaflower becomes the most expensive asset sold in the Ethereum-based blockchain metaverse. Gathering from the images released by Republic Realm, a metaverse developer, the three-tier white yacht was sold for 149 Ether tokens.

More like this

The coveted NFT mega yacht was part of a luxury series developed for Sandbox . It included private islands, jet skis, speed boats and much more, categorised as the ‘Fantasy Collection’. Its holders have exclusive access to a beach club and ‘Fantasy Marina’.

Congrats to the new owner of The Metaflower NFT Super Mega Yacht on making metaverse NFT history. This auction marks the highest price paid for a @TheSandboxGame NFT asset at 149 ETH ($650,000), and an exciting time for every member of the Fantasy Community. pic.twitter.com/Nl0278JbOT — Republic Realm (@joinrepublic_re) November 24, 2021

Other expensive sales in Metaverse

As soon as the news of this massive transaction appeared on the social media, the crypto world went berserk. Sandbox, which can easily be called one of the largest gaming metaverse, has collaborated with noted brands like Adidas, Snoop Dogg and Bored Ape Yacht Club .

This is not the first time Sandbox is making headlines for such jaw-dropping transactions. Republic Realm had earlier developed a series of ‘Fantasy Islands,’ comprising several islands with gorgeous villas built on digital NFT land . It was sold out in under 24 hours and boasts a current floor price of about 63.9 Ether tokens, approximately USD 280,000.

What is a Metaverse?

After all this, if you’re thinking about a metaverse, we’ve got you covered. It is a 3D internet space that can potentially sustain a fully functional virtual universe .

The new buzzword in the digital space has grabbed the attention of many tech giants, including Facebook, Microsoft and Nvidia Omniverse.

After Facebook rebranded to ‘Meta’ earlier this year, others are also catching up as the market value of metaverse is estimated to reach nearly $800 billion by 2024, as per Bloomberg Intelligence.

( Main and image credit: Republic Realm/ @republic_re/ Twitter)

This article was first published on Lifestyle Asia Kuala Lumpur.

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Metaflower Super Mega Yacht NFT Becomes Most Expensive Asset in The Sandbox

Republic Realm, the creators of Fantasy Islands and The Fantasy Collection in The Sandbox metaverse, successfully sold the 1/1 Metaflower Super Mega Yacht for a gobsmacking 149 ETH (approximately $650,000 USD at time of sale), making it the most expensive NFT asset in The Sandbox.

The Metaflower Super Mega Yacht is part of Republic Realm’s ‘Fantasy Collection’, a series of luxury NFTs that include private islands, jet skis, speedboats, and access to a members-only beach club and Fantasy Marina. The Fantasy Collection is an extension of Republic Realm’s Fantasy Islands, a series of 100 private islands that consist of villas built on top of NFT land. The collection of islands sold out in less than 24 hours and with a current floor price of 63.9 ETH (approximately $280,000 USD).

Despite the impressive floor price of Republic Realm’s Fantasy Islands, it is the sale of their The Metaflower Super Mega Yacht that tops the chart. It comes as no surprise, as the luxurious four-story yacht features multiple lounge areas, a Jacuzzi, a dance floor, and two helipads. Click here to take a 360-degree look at the NFT.

The Metaflower Super Mega Yacht is just one of many luxury assets that Republic Realm plan to release from their Fantasy Collection, so make sure to stay tuned for more updates!

Follow Republic Realm >>  Twitter

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This Whole Metaverse Mega Yacht NFT Makes Me Want To Die

The metaflower super mega yacht just sold for $650,000 in the sandbox virtual world.

I can’t believe I have to write these words, but a giant virtual yacht just sold on a video game for $650,000 in real money, well real crytocurrency , successfully combining all the worst aspects of the NFT and crypto trends into an actual and yet somehow still fake purchase, as reported by Hypebeast and Business Insider .

There are a lot of moving parts to this whole situation, so I’m going to try to break it down for those of us — myself included — who have no idea what on Earth is happening. This sale took place in something called The Sandbox , which is basically a virtual gaming world, a “ metaverse” where players can “play, build, own, and monetize their virtual experiences,” the website claims.

I feel like this whole concept needs an example to make it make sense. Let’s say you built a house i n Minecraft (or some other video game of your choice). Despite the fact that you built it, it’s still technically ‘owned’ by the makers of Minecraft . In The Sandbox , anything you make is owned by you, and you can sell it for in-game tokens that have a monetary value in the real world, theoretically.

On gaming platforms like The Sandbox , then, people can buy and sell luxury items like yachts . And this giant yacht — horrifically christened the Metaflower Super Mega Yacht — sold for 149 E thereum , which at this moment translates to about $650,000 in real, actual money.

Were The Metaflower Super Mega Yacht a real thing, it would probably be pretty cool. Metaverse trading website OpenSea says it has “a DJ booth, helicopter landing pad, and hot tub, among other amenities” and “provides access to The Fantasy Marina and is designed to be the crown jewel of The Sandbox. ” But I can’t park it in the harbor and watch the Monaco Grand Prix — unless there’s expensive virtual racing in The Sandbox ? — so the concept just seems ridiculous.

It also just looks... like a low-poly yacht. I don’t get it.

As you’ve probably gathered by now, I simply don’t see the appeal of this whole... thing. I can’t wrap my head around spending my hard-earned dollars on something that only exists virtually, but some people have seen enough value in it to spend over $2 million on virtual plots of Sandbox land. And I can’t find anyone to explain the point of the metaverse’s so-called “three-dimensional internet” who haven’t already totally bought into the idea.

I think I’ll just stick to my Animal Crossing , where I can spend my hard-earned fake money on fake luxury items without it ever costing me a cent in real life. The rest of you... well, good luck.

Someone Paid $650,000 for a Nonexistent Yacht in the Metaverse

The yacht is comically hideous, and can only be described as "minecraft-esque" with its blocky design., ghost yacht.

Listen, we’re not here to lecture you about how you should and shouldn’t spend your money — but you definitely should never spend more than half a million dollars on a make-believe yacht you’ll never be able to physically step foot on. 

And yet, it happened. Somebody paid roughly $650,000 in ethereum for an NFT yacht that only exists in an also-ran metaverse platform last week. 

The sale was made by metaverse and NFT developer Republic Realm for the metaverse platform The Sandbox, first spotted by Hypebeast . The yacht — dubbed "The Metaflower Super Mega Yacht" — sold for 149 ETH, making it the most expensive NFT asset on the platform. 

Congrats to the new owner of The Metaflower NFT Super Mega Yacht on making metaverse NFT history. This auction marks the highest price paid for a @TheSandboxGame NFT asset at 149 ETH ($650,000), and an exciting time for every member of the Fantasy Community. pic.twitter.com/Nl0278JbOT — Republic Realm (@joinrepublic_re) November 24, 2021

Digital Specs

The yacht is comically hideous, and can only be described as "Minecraft-esque" with its blocky design. It’s made up of four stories complete with lounge areas, a hot tub, dance floor, DJ booth, and two helipads (nonexistant helicopters sold separately). You can check it out and right-click to your heart's content on its OpenSea listing .

The yacht is a part of Republic Realm’s "The Fantasy Collection," a line of luxury NFTs developed for The Sandbox platform that includes jet skis, speedboats, and private islands along with marinas and beach clubs. So there’s still plenty of opportunities to set your money on fire if you feel like it. 

So yeah, it’s pretty absurd to drop so much money on a yacht you can’t ever physically enjoy. However, there are some upsides to it if you squint hard enough. Since it’s all digital, there’s no upkeep and maintenance costs for the yacht. Plus, if you have enough money to spend more than half a million on an NFT, it’s probably a rather insignificant amount to you anyway.

The only challenge now: Finding friends to join you on your make-believe yacht. There might not be enough money in the world for that. 

READ MORE: ‘The Metaflower Super Mega Yacht’ NFT Sells for a Record $650,000 USD [ Hypebeast ]

More on dumb purchases: 12-Year-Old Earns $400,000 Selling NFTs to Idiots

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Metaverse Mega Yachts : metaflower super mega yacht

The Metaflower is just as much of a status symbol in the metaverse as it is in real life, with only wealthy bidders owning the massive virtual asset. Additionally, the Metaflower’s owner can offer virtual tours of the yacht, and charge small entrance fees in cryptocurrency, meaning this is a profit-generating digital asset, as well as a luxury status symbol.

This luxury digital yacht is equipped with various amenities and features, such as virtual helipads, a metaverse DJ booth, and more, that all add to the attraction of the yacht.

Image Credit: Republic Realm

Check Metaverse Mega Yachts : metaflower super mega yacht Price On Amazon

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Hello , I will search motherboard bose soundtouch 30, the reference is 334437-0060

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Virtual mega yacht sold for $650K — Analysis

Sandbox has listed a $650,000 sale of a yacht that features two helipads, hot tubs and DJ booths. The identity of the Metaflower Super Mega Yacht’s buyer is unknown.

Republic Realm, the metaverse developer, reported last week it sold its Metaflower Super Mega yacht for 149 Ethereum (Ethereum), an amount equivalent to $650,000. 

With the sale, the digital yacht became the most expensive NFT (non-fungible token) asset in The Sandbox – a metaverse built using the Ethereum blockchain, which allows players to gather digital collectibles, create their own games, and monetize their playing experience.

Congratulations to The Metaflower NFTSuper Mega Yacht’s new owner for making metaverse NFT history. This auction is the most expensive for an item. @TheSandboxGame NFT Asset at 149ETH (650,000), an exciting time in Fantasy Community for all members. pic.twitter.com/Nl0278JbOT — Republic Realm (@joinrepublic_re) November 24, 2021

The Metaflower Super Mega Yacht’s anonymous owner will benefit from its digital DJ booth, two helicopter landing pads, and hot tub in the so-called “Fantasy Islands.” Developer describes archipelagos as “a” “luxury real estate development project of 100 NFT private islands.” 

Republic Realm created even a background story for digital “island paradise,” Noting Agadora Humphries, a pirate poet from the Caribbean who lived on the archipelago and began to create her utopia. 

“Today, 100 lucky island owners live in her magical dream paradise,” The developer stated.  “They are building a utopia in the metaverse on their private islands, a utopia governed for the people, by the people.”

According to reports, digital property on this collection of islands sold out in less than 24 hours. The entry price was 63.9 ETH or about $280,000. 

In November, an equivalent amount of virtual real property was bought in Decentraland for $2.43 million.   

It is anticipated that the metaverse will continue to expand as technology giants like Meta (formerly Facebook), Microsoft, Nvidia Omniverse, and Meta (formerly Facebook) push for entry into this market. 

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Metaflower: Mega Yacht NFT Breaks Record

To everyone’s surprise, even those immersed in these metaverses of blockchains and virtual coins, a mega yacht named Metaflower Super Mega Yacht released by Republic Realm, a metaverse developer, sold in November 2021 for 149 Ethereum virtual coinage (valued at US$650,000).

As of this writing (January 2022), this maritime NFT, Metaflower , is the most expensive asset sold in the Ethereum-based blockchain metaverse. Take a look at this NFT for yourself.

The virtual mega yacht is luxury well-imagined with 3 decks that include two helipads, several lounge areas, a jacuzzi, and a DJ booth.

The Metaflower NFT was part of a luxury series developed for The Sandbox. The series categorized in the site’s ‘Fantasy Collection’ gave holders exclusive access to a beach club and ‘Fantasy Marina’ within which they could purchase the Metaflower and other mega yachts as well as speed boats, private islands, jet skis, and, well, basically, all the luxury maritime things that the wealthy enjoy purchasing in the non-virtual world…the place we call reality.

What is an NFT?

The Sandbox game virtual world gives artists, especially those with a gaming interest, a “canvas” to create non-fungible tokens (NFTs).

Other Notable Luxury NFTs

Sandbox has earned other headlines including a series of ‘Fantasy Islands,’ comprising several islands with gorgeous villas built on digital NFT land. It sold in under 24 hours at 63.9 Ether tokens, approximately US$280,000.

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• Mega Yacht Sold in Metaverse for $650,000, Becoming the Most Expensive NFT in Sandbox Virtual World

The "Metaflower Super Mega Yacht" is a three-story white virtual luxury ship with two helipads, hot spas, and a DJ booth.

The Metaflower Super Mega Yacht was successfully auctioned by Metaverse developer Republic Realm for 149 ETH (about $650,000 USD), making it the most expensive NFT asset in The Sandbox.

The Sandbox is presently one of the most popular metaverse games, with collaborations with businesses and celebrities such as adidas, Atari, Bored Ape Yacht Club, Binance, Snoop Dogg, The Smurfs, DeadMau5, and others. On the site, Republic Realm has created a series of "Fantasy Islands" comprised of 100 private islands.

A giant boat has been auctioned for a stunning $650,000 in the Sandbox virtual game environment (roughly Rs. 4.8 crore). This virtual luxury ship, which is part of the metaverse, is dubbed the " Metaflower Super Mega Yacht ," and it has two helipads, hot tubs, and a DJ booth, among other opulent amenities. The Metaflower boat has become the most expensive non-fungible token (NFT) to be sold in the Sandbox – a virtual environment created on the Ethereum blockchain that allows users to acquire digital items, construct their own games, and monetise their experiences.

The Metaverse is a three-dimensional, future version of the Internet that has the capacity to support a fully operating virtual environment.

The news of this transaction quickly spread on social media, at a time when the notion of the metaverse is beginning to reverberate in the gaming and crypto industries.

According to the photos, this boat is three-story and white in color. This NFT was paid for using 149 Ether tokens.

Congrats to the new owner of The Metaflower NFT Super Mega Yacht on making metaverse NFT history. This auction marks the highest price paid for a @TheSandboxGame NFT asset at 149 ETH ($650,000), and an exciting time for every member of the Fantasy Community. pic.twitter.com/Nl0278JbOT — Republic Realm (@joinrepublic_re) November 24, 2021

Republic Realm, a metaverse developer, issued the costly digital asset. It was created specifically for The Sandbox as part of a premium NFT series. Other goods in this series include private islands, speed boats, and jet skis.

This is not, however, the first time a metaverse property has sold for a considerable sum of money. 

Earlier this month, a parcel of land in Decentraland, a decentralized, 3-dimensional virtual reality environment created on the Ethereum blockchain, was sold for $2.43 million (approximately Rs. 18 crore). People may purchase plots of land, estates, and wearables for their virtual avatars in order to personalize their experience of living in an alternate world. All of the objects that may be purchased are NFTs – digital collectibles with monetary worth.

Another plot of digital property in the virtual game world of Axie Infinity was just acquired for $2.3 million (approximately Rs. 17 crore).

According to Bloomberg Intelligence, the business opportunity for the metaverse would be $800 billion (approximately Rs. 59,58,719 crore) by 2024.

Following Facebook's rebranding to "Meta" earlier this year, other digital behemoths such as Microsoft, Nvidia Omniverse, and Roblox Metaverse are getting into the metaverse groove.

The metaverse is here, and it’s not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room. Take a look. pic.twitter.com/h5tsdYMXRD — Satya Nadella (@satyanadella) November 2, 2021

The collection of islands, which consists of homes built on top of NFT land, sold out in less than 24 hours and now has a floor price of 63.9 ETH (about $280,000 USD). The unprecedented Metaflower Yacht is an expansion of the Fantasy Islands development and is a one-of-a-kind NFT that falls under the Fantasy Collection, a suite of luxury NFTs that includes private islands, jet skis, and speedboats, as well as exclusive access to the members-only beach club and Fantasy Marina. Two helipads, various lounge rooms, a Jacuzzi, and a dance floor are among the amenities on the four-story yacht. Here's a look at the NFT from every angle.

The Metaflower Yacht is one of several assets that Republic Realm intends to make available as part of the Fantasy Collection over time. Please visit the real yachts for sale in our database. 

Metaverse Mega Yachts

Republic Realm Sold the 'Metaflower Super Mega Yacht' for $650,000

More From Forbes

Despite wars and sanctions, superyacht market continues recent growth.

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The Phi has been detained in Canary Wharf since March 2022.

A superyacht is a status symbol and the ultimate pleasure boat. What ordinary people envisage doing on cruise ships, the super-rich do on their mega-yachts. Space and change of scenery have appealed to humans from time immemorial. However, with luxury yacht ownership requiring vast sums of disposable income, one would think that factors putting the global economy under pressure, such as inflation, Houthi terrorists and Somali pirates attacking ships in the Red Sea, sanctions following the Russian invasion of Ukraine, and before that, the COVID-19 pandemic, would slow down the demand for superyachts. Instead, despite severe disruptions, mainly because of the post-Ukraine 2022 Russian invasion sanctions, with billions sloshing around in the global economy, demand for these vessels has reached a high point, driven by changes in the tastes of the ultra-rich, innovative new uses for superyachts, and the number of buyers able to splurge on such craft.

Expensive Mega-Toys The unique uses of a superyacht are driven by the size and crew demands that separate it from a regular yacht. A superyacht is considered to be a pleasure vessel larger than 24m (80ft) with a full-time captain and crew. This is a costly outlay. There are added costs for not including maintenance, fuel, and expensive power plant, navigation, and communications gear.

The desire for seclusion and social distancing exhibited by the rich since the 2020 pandemic lends itself perfectly to these large, customizable ships that can be taken out to sea. A fully crewed ship is also needed to keep up with for new trend in exploration and environmental sailing, with boat owners venturing outside of the Mediterranean and Caribbean to experience more varied habitats. Other luxury sectors are taking note of these trends driving demand for superyachts, with hotel chains like The Four Seasons and The Ritz-Carlton aiming to offer bespoke superyacht experiences by 2025. By introducing this option, hotel chains are responding to the increased market demand for exploration while creating an experience that is more exclusive and private than a luxury cruise.

Demand has also been driven by an expanding number of prospective superyacht buyers as the number of ultra-high-net-worth individuals continues to increase globally. The growth is primarily driven by American buyers, with significant potential in regions like China and Southeast Asia, where ultra-rich buyers with disposable income are growing at a faster pace than they are in the West. This increase in wealthy customers in Southeast Asia, combined with miles of islands and coastlines, creates the conditions for a robust scene for superyachts in the area. The emergence of a new customer base wealthy enough to purchase super- and mega-yachts has made the industry resilient in the face of government sanctions against one of the industry’s largest consumer bases: Russian oligarchs.

The megayacht Nord, believed to belong to sanctioned Russian oligarch Alexey Mordashov, is seen in ... [+] Hong Kong on Friday, Oct. 7.

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Target: Russia Beginning in the early 2000s, Russian billionaires developed a taste for luxury superyachts, with some like Roman Abramovich (who is reported to own 16 vessels , including the Aquamarine, Eclipse, Garcon, Halo, Pelorus, Solaris and Sussurroo), Alexei Mordashov ( Lady M and Nord ) and Eduard Khudainatov ( Scheherazade , Amadea , Crescent ) placing orders for multiple vessels. According to Superyacht News, an industry publication, Russians account for a significant piece of the world's superyacht market. Their estimated share represents about 10% of superyachts exceeding 40 meters in length. The percentage of Russian ownership rises even further for mega-yachts exceeding 80 meters, where Russians hold the number two spot globally, owning 20% of these vessels. Research by Boat International estimates the contribution of Russian buyers to the global superyacht order book (valued between €35 and €40 billion) to be €3.9 billion.

The popularity of superyachts among Russia’s wealthy has caused them to become a focus of the sanctions imposed on Russia following its invasion of Ukraine in February 2022. Alongside traditional targets, including Russian financial holdings, banks, and energy, the assets of oligarchs are actively being seized and frozen by Western powers when possible through initiatives like the Russian Elites, Proxies, and Oligarchs (REPO) task force launched by the G7 and the U.S. Treasury’s Kleptocracy Asset Recovery Rewards (KARR) program.

The seizure of superyachts as assets will likely continue through the end of the invasion of Ukraine and possibly beyond. Recently, there have been increasing calls to sell or transfer these assets, allowing Ukraine to use or sell them to compensate for the damages caused by the war.

Eclipse | 162.5m Built in 2010 , Germany

Europe Suffers Even though the superyacht industry has a sizeable consumer base in Russia, the companies building and managing these yachts are primarily based in Western Europe. Many of these boats are built by shipbuilders such as Lürssen in Germany and Heesen Yachts and Oceanco in the Netherlands. This has led one of the shipyards, Damen, to sue the Dutch government over damages it claims it suffered from the EU sanctions. Additionally, companies like Burgess in the UK, Imperial Yachts and Edmiston in Monaco, and Moran Yacht & Ship in the US, in charge of servicing, managing, and brokering superyachts, are also concentrated in the West.

While Western shipyards and management companies may lose revenue because of sanctions and asset seizure of the Russian oligarchs, keeping the yachts frozen generates additional costs for the countries where they are being held. Some Western countries devised a solution to ease the burden on taxpayers, granting owners and their representatives special licenses to pay for the frozen vessels. Notably, France and Spain have allowed the billionaire owners of at least four mega-yachts to pay for their upkeep. In the UK, the Office of Financial Sanctions Implementation (OFSI) has allowed the management company Burgess to pay for pre-sanction crew salaries of a yacht frozen in the UK.

Though the media associated superyachts with Russian oligarchs, this archetypal image of a superyacht owner may soon grow obsolete if the sanctions regime remains or even strengthens, causing multi-million dollar losses to the industry. Instead, growth in the sector is driven by a new class of rich being created in places like the United States and the Pacific Rim, seeking luxury lifestyles that can be provided by a superyacht. The superyacht industry will capitalize on the unprecedented wave of demand to increase its resilience in the stormy global security and economic environment.

Quin Buckley & Henry Tsai contributed to the production of this article.

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40 facts about elektrostal.

Written by Lanette Mayes

Modified & Updated: 02 Mar 2024

Reviewed by Jessica Corbett

Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to captivate you.

This article will provide you with 40 fascinating facts about Elektrostal, giving you a better understanding of why this city is worth exploring. From its origins as an industrial hub to its modern-day charm, we will delve into the various aspects that make Elektrostal a unique and must-visit destination.

So, join us as we uncover the hidden treasures of Elektrostal and discover what makes this city a true gem in the heart of Russia.

Key Takeaways:

• Elektrostal, known as the “Motor City of Russia,” is a vibrant and growing city with a rich industrial history, offering diverse cultural experiences and a strong commitment to environmental sustainability.
• With its convenient location near Moscow, Elektrostal provides a picturesque landscape, vibrant nightlife, and a range of recreational activities, making it an ideal destination for residents and visitors alike.

Known as the “Motor City of Russia.”

Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname “Motor City” due to its significant involvement in the automotive industry.

Home to the Elektrostal Metallurgical Plant.

Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

Boasts a rich industrial heritage.

Elektrostal has a long history of industrial development, contributing to the growth and progress of the region.

Founded in 1916.

The city of Elektrostal was founded in 1916 as a result of the construction of the Elektrostal Metallurgical Plant.

Located approximately 50 kilometers east of Moscow.

Elektrostal is situated in close proximity to the Russian capital, making it easily accessible for both residents and visitors.

Known for its vibrant cultural scene.

Elektrostal is home to several cultural institutions, including museums, theaters, and art galleries that showcase the city’s rich artistic heritage.

A popular destination for nature lovers.

Surrounded by picturesque landscapes and forests, Elektrostal offers ample opportunities for outdoor activities such as hiking, camping, and birdwatching.

Hosts the annual Elektrostal City Day celebrations.

Every year, Elektrostal organizes festive events and activities to celebrate its founding, bringing together residents and visitors in a spirit of unity and joy.

Has a population of approximately 160,000 people.

Elektrostal is home to a diverse and vibrant community of around 160,000 residents, contributing to its dynamic atmosphere.

Boasts excellent education facilities.

The city is known for its well-established educational institutions, providing quality education to students of all ages.

A center for scientific research and innovation.

Elektrostal serves as an important hub for scientific research, particularly in the fields of metallurgy, materials science, and engineering.

Surrounded by picturesque lakes.

The city is blessed with numerous beautiful lakes, offering scenic views and recreational opportunities for locals and visitors alike.

Well-connected transportation system.

Elektrostal benefits from an efficient transportation network, including highways, railways, and public transportation options, ensuring convenient travel within and beyond the city.

Famous for its traditional Russian cuisine.

Food enthusiasts can indulge in authentic Russian dishes at numerous restaurants and cafes scattered throughout Elektrostal.

Home to notable architectural landmarks.

Elektrostal boasts impressive architecture, including the Church of the Transfiguration of the Lord and the Elektrostal Palace of Culture.

Offers a wide range of recreational facilities.

Residents and visitors can enjoy various recreational activities, such as sports complexes, swimming pools, and fitness centers, enhancing the overall quality of life.

Provides a high standard of healthcare.

Elektrostal is equipped with modern medical facilities, ensuring residents have access to quality healthcare services.

Home to the Elektrostal History Museum.

The Elektrostal History Museum showcases the city’s fascinating past through exhibitions and displays.

A hub for sports enthusiasts.

Elektrostal is passionate about sports, with numerous stadiums, arenas, and sports clubs offering opportunities for athletes and spectators.

Celebrates diverse cultural festivals.

Throughout the year, Elektrostal hosts a variety of cultural festivals, celebrating different ethnicities, traditions, and art forms.

Electric power played a significant role in its early development.

Elektrostal owes its name and initial growth to the establishment of electric power stations and the utilization of electricity in the industrial sector.

Boasts a thriving economy.

The city’s strong industrial base, coupled with its strategic location near Moscow, has contributed to Elektrostal’s prosperous economic status.

Houses the Elektrostal Drama Theater.

The Elektrostal Drama Theater is a cultural centerpiece, attracting theater enthusiasts from far and wide.

Popular destination for winter sports.

Elektrostal’s proximity to ski resorts and winter sport facilities makes it a favorite destination for skiing, snowboarding, and other winter activities.

Promotes environmental sustainability.

Elektrostal prioritizes environmental protection and sustainability, implementing initiatives to reduce pollution and preserve natural resources.

Home to renowned educational institutions.

Elektrostal is known for its prestigious schools and universities, offering a wide range of academic programs to students.

Committed to cultural preservation.

The city values its cultural heritage and takes active steps to preserve and promote traditional customs, crafts, and arts.

Hosts an annual International Film Festival.

The Elektrostal International Film Festival attracts filmmakers and cinema enthusiasts from around the world, showcasing a diverse range of films.

Encourages entrepreneurship and innovation.

Elektrostal supports aspiring entrepreneurs and fosters a culture of innovation, providing opportunities for startups and business development.

Offers a range of housing options.

Elektrostal provides diverse housing options, including apartments, houses, and residential complexes, catering to different lifestyles and budgets.

Home to notable sports teams.

Elektrostal is proud of its sports legacy, with several successful sports teams competing at regional and national levels.

Boasts a vibrant nightlife scene.

Residents and visitors can enjoy a lively nightlife in Elektrostal, with numerous bars, clubs, and entertainment venues.

Promotes cultural exchange and international relations.

Elektrostal actively engages in international partnerships, cultural exchanges, and diplomatic collaborations to foster global connections.

Surrounded by beautiful nature reserves.

Nearby nature reserves, such as the Barybino Forest and Luchinskoye Lake, offer opportunities for nature enthusiasts to explore and appreciate the region’s biodiversity.

Commemorates historical events.

The city pays tribute to significant historical events through memorials, monuments, and exhibitions, ensuring the preservation of collective memory.

Promotes sports and youth development.

Elektrostal invests in sports infrastructure and programs to encourage youth participation, health, and physical fitness.

Hosts annual cultural and artistic festivals.

Throughout the year, Elektrostal celebrates its cultural diversity through festivals dedicated to music, dance, art, and theater.

Provides a picturesque landscape for photography enthusiasts.

The city’s scenic beauty, architectural landmarks, and natural surroundings make it a paradise for photographers.

Connects to Moscow via a direct train line.

The convenient train connection between Elektrostal and Moscow makes commuting between the two cities effortless.

A city with a bright future.

Elektrostal continues to grow and develop, aiming to become a model city in terms of infrastructure, sustainability, and quality of life for its residents.

In conclusion, Elektrostal is a fascinating city with a rich history and a vibrant present. From its origins as a center of steel production to its modern-day status as a hub for education and industry, Elektrostal has plenty to offer both residents and visitors. With its beautiful parks, cultural attractions, and proximity to Moscow, there is no shortage of things to see and do in this dynamic city. Whether you’re interested in exploring its historical landmarks, enjoying outdoor activities, or immersing yourself in the local culture, Elektrostal has something for everyone. So, next time you find yourself in the Moscow region, don’t miss the opportunity to discover the hidden gems of Elektrostal.

Q: What is the population of Elektrostal?

A: As of the latest data, the population of Elektrostal is approximately XXXX.

Q: How far is Elektrostal from Moscow?

A: Elektrostal is located approximately XX kilometers away from Moscow.

Q: Are there any famous landmarks in Elektrostal?

A: Yes, Elektrostal is home to several notable landmarks, including XXXX and XXXX.

Q: What industries are prominent in Elektrostal?

A: Elektrostal is known for its steel production industry and is also a center for engineering and manufacturing.

Q: Are there any universities or educational institutions in Elektrostal?

A: Yes, Elektrostal is home to XXXX University and several other educational institutions.

Q: What are some popular outdoor activities in Elektrostal?

A: Elektrostal offers several outdoor activities, such as hiking, cycling, and picnicking in its beautiful parks.

Q: Is Elektrostal well-connected in terms of transportation?

A: Yes, Elektrostal has good transportation links, including trains and buses, making it easily accessible from nearby cities.

Q: Are there any annual events or festivals in Elektrostal?

A: Yes, Elektrostal hosts various events and festivals throughout the year, including XXXX and XXXX.

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Our commitment to delivering trustworthy and engaging content is at the heart of what we do. Each fact on our site is contributed by real users like you, bringing a wealth of diverse insights and information. To ensure the highest standards of accuracy and reliability, our dedicated editors meticulously review each submission. This process guarantees that the facts we share are not only fascinating but also credible. Trust in our commitment to quality and authenticity as you explore and learn with us.

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Tvel completes development of new fuel for Paks nuclear plant

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The full package of documents is handed over to the Hungarian customer, MVM Paks Ltd, for further licensing of the new fuel by the national nuclear power regulator, Tvel said.

The first fuel assemblies have also passed acceptance testing at Tvel's Elemash Machine-building plant in Elektrostal, Moscow region.

The new modification of VVER-440 second generation fuel increases the efficiency of fuel usage and advances the economic performance of the power plant operation, Tvel said.  

The engineering contract for development of the new VVER-440 fuel was signed in late 2017. The development and validation work involved a number of Russian enterprises, including OKB Gidropress (a part of Rosatom machine-building division Atomenergomash), Bochvar Institute (material science research facility of TVEL Fuel Company), Elemash Machine-building plant and Kurchatov Institute national research center. At the site of OKB Gidropress research and experiment facility, the new fuel passed a range of hydraulic, longevity and vibration tests .

The first consignment of the modified fuel will be delivered to Paks nuclear power plant later this year. The four-unit Paks nuclear plant, which entered operation between 1982 and 1987 currently operate on a 15-month fuel cycle and supply around 50% of Hungary's electricity.

Photo: Fabrication of new VVER-440 fuel for Paks nuclear plant (Credit: Tvel)

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