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Cryptocurrencies are making waves



A calm sea has never made a good sailor. But who cares these days? Because the 8th Sea - the virtual ocean - currently seems to be navigated by some very daring crypto-seafarers. You don't even have to pay attention to the weather forecast anymore.


Crazy things happen in the deep blue virtual waters. People sell (virtual) yachts with crypto and NFTs and at the same time stand up for the protection of the world's oceans.


Pay for a yacht with crypto

Crypto payments for luxury goods are not uncommon. Various car companies have been accepting Bitcoin payments for some time. But now, for the first time in the world, a 170-foot Italian superyacht has been put up for sale. And the potential buyer can buy these with cryptocurrencies. The payment is not only made via the most relevant coins , but also via NFTs.


However, top-class NFT collections such as CryptoPunks or BAYC Apes are required to pay the purchase price of 10 million US dollars. If the buyer chooses the property, it would be the largest yacht ever bought with one or more NFTs - it would also be the first purchase (of a yacht) with an NFT. In addition, the owner does not have to use the yacht only for himself. He also has the option of renting them out for cryptocurrencies or NFTs for $ 196,000 per week . 


Virtual yacht sold for $ 650,000


Not only real yachts can be bought with cryptocurrencies. For example, the Metaflower NFT Super Mega Yacht only exists in the Metaverse. The ship, sold for 149 ETH (591,500 US dollars), is a luxury boat in the Metaverse video game "The Sandbox". Sandbox has partnerships with Adidas, Atari, Nifty Gateway , Gemini and rapper Snoop Dogg , among others .


Metaverse real estate company Republic Realm sold the superyacht. The virtual boat is the most expensive NFT asset ever sold in a video game. Republic Realm currently participates in 19 Metaverse platforms and owns over 2,500 NFTs.   


Island life

How about if you could moor your superyacht on an island? Republic Realm has developed an archipelago called ' Fantasy Islands ' for this purpose. As with Decentraland, you can buy land in this world and then design it according to your ideas. It's a master plan community made up of 100 private islands, each of which is its own NFT. 


The NFT land and the villa were sold together. The complete packages from home and country were sold out in less than 24 hours. The minimum price for a fantasy island is currently almost $ 300,000. This means that the virtual island is just as expensive as an average house in the USA. However, you don't have to worry about annoying problems such as storm damage or spider infestation with virtual real estate.


The residents of Fantasy Islands of course also buy other toys. The Fantasy Collection is a series of high-quality NFTs that are intended for use in the sandbox game. Among the NFTs as well as other private islands, jet skis and speedboats. You also get access to a members-only beach club and the Fantasy Marina . The Fantasy Collection and Fantasy Islands combined have a market capitalization of over $ 30 million. 


Seafaring on a clean sea

In addition to NFT toys in virtual oceans, there are also some serious crypto projects that have made cleaning up the oceans their main task. Earlier this year, the SafeEarth blockchain eco project donated over $ 100,000 to charity TheOceanCleanUp . 


The money donated came in part from the SAFEEARTH token transaction fees and will be used to clean the oceans of plastic waste. SafeEarth's sole goal is to generate capital to build a community that will limit the environmental damage to our planet. The project also works with another charity called The Earth Fund , which has raised around 50 ETH for similar purposes. 


Crypto as a Marketing Strategy

As a PR measure, selling a luxury yacht in this way is revolutionary. Because the free, worldwide attention that you get if the story catches fire would not be achievable with most marketing budgets. More importantly, it will lead mainstream media to view cryptocurrencies and NFTs as a relevant topic.


However, one has to believe something in the metaverse. It is one thing to buy real items with cryptocurrencies. But investing in a virtual world that is still under construction is something completely different. Whether it's a PR gag or a move to strengthen cryptocurrencies, these costly items are just part of the growing metaverse. It's a young, new world - with lots of unfamiliar areas.

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Disclaimer of liability

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general informational purposes only. Any action that the reader takes based on the information found on our website is entirely at your own risk.

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