The next land sale for the virtual world of The Sandbox starts on Tuesday September 15th and will introduce game assets from a major entertainment brand. It will be the first time that buyers will need SAND to purchase virtual land. Aside from the land sale players can also buy the branded assets separately.
Which entertainment brand will join The Sandbox in this sale, is not yet clear. Game publisher Square Enix already serves as an investor and partner, and could be adding its game characters to the virtual world. However, music artists, streaming services, and television stations could als be potentially joining the virtual world.
The blockchain stores each land parcel and each asset as a separate non-fungible token. This way everybody can be sure that the item has a certain rarity. In addition owners are free to use these items in the game, keep them in their wallets or sell them on an open marketplace.
The Sandbox will be selling 4536 land parcels over a four day period. Every day they will sell more than one thousand land parcels. It’s important to know that all land parcels are sold with a ten percent discount. One land parcel costs $43.10. In terms of SAND that would be approximately 750 SAND.
In addition to the regular parcels, there are premium lands. These premium land parcels are located at excellent locations and come with four digital assets. However, they are also more expensive with a $100 price tag.
During this pre-sale round The Sandbox is expected to generate around 214 thousand dollars in revenue. The company vowed to invest 26.25% of the revenue directly into The Sandbox Foundation. That would be 56 thousand dollars. The game community governs the foundation by using and owning SAND.
At the moment the foundation is pushing for ecosystem growth. It has funded 15 game projects and granted funding to more than one hundred artists to produce digital assets.
What is The Sandbox?
The Sandbox is one of the blockchain-powered virtual worlds currently in development. The beta test will launch later this year, but before that time there will be one more pre-sale. During this pre-sale gamers, businesses and investors can buy virtual land with a discount. You can register now to make sure you’re not missing out.
The virtual world of The Sandbox consists out of lands, and voxels fill up each of those lands. Visually it will remind many gamers of Minecraft, as both games have this Lego-inspired look to them. However, players are able to buy virtual land and implement any form of monetization. These virtual lands can become mini-games, adventures, virtual shops, extensions of actual webshops, a space for social gatherings, and so on.
The Sandbox is providing free tools for developers, gamers and content creators. Creators can use VoxEdit to make objects. In addition the Game Maker allows users to create interactivity on their virtual land. The Sandbox will also create a meta gaming experience. Players can for example do daily quests or weekly quests for their guild. This will earn players SAND, which they can sell or use to buy in-game items. This system is called play-to-earn.