Prime metaverse game Sandbox is launching its land sale at the moment, which options high manufacturers and celebrities. The provide is the primary in what shall be a three-part LAND sale. And can see collaborations with in style manufacturers akin to Tony Hawk, Playboy, and Snoop Dogg.
Sandbox is likely one of the first platforms to take a crack on the metaverse by creating interactive areas. It’s primarily based on the Ethereum blockchain and shares similarities with high video games like Roblox and Minecraft.
Nevertheless, Sandbox leverages blockchain expertise to permit customers to assert possession of in-game property via NFTs. Additionally, they’ll commerce the digital land on high NFT marketplaces akin to OpenSea.
At this time’s sale will see the auctioning of 1,967 LANDs, comprising 50 estates, 695 common LANDs, 134 premium LANDs, and 19 1-of-1 items of LAND. Simply because it’s the case with bodily estates, the Sandbox estates encompass a number of parcels bundled collectively.
Talking to Decrypt, the platform revealed that the usual and premium LAND gross sales could be allotted by way of a blind poll system.
LAND serves because the constructing block of Sandbox. It’s parcels of digital land the place NFTs observe possession. Customers of the platform should purchase these parcels and use the house to host experiences. Additionally, they’ll commerce the items of land on marketplaces.
At present, Sandbox has 166,464 LANDs, every going for 1.119 ETH.
At this time’s sale is dubbed “California Dreaming” and represents “California-themed manufacturers akin to Playboy and The Marathon.” The opposite two gross sales will function different themes too and can happen someday in early 2023.
That stated, this sale marks the primary time Sandbox has collaborated with a number of manufacturers for a single LAND sale.
Sebastien Borget, co-founder and COO of Sandbox, notes that “by together with a number of manufacturers that share the same theme, just like the California manufacturers of California Dreamin’, […] customers now have the prospect to be neighbors of a number of companions that share the same theme, like selecting the district you wish to stay in for a metropolis.”
To take part within the sale, you have to to have at the very least 1,011 SAND in your pockets, at the moment price about $520. And customers should purchase just one asset a system meant to democratize the distribution of property.