|Binance||digital assets||land ownership||non-fungible tokens||The Sandbox|
Binance have announced that they have bought 4012 land parcels inside the virtual world of The Sandbox. This automatically makes Binance the biggest landowner inside the upcoming virtual game world. Next week investors and gamers can try to overtake Binance, as pre-sale 4.2 will take place.
Binance wants to create game experiences for its users, allowing them to earn SAND and trade those tokens on Binance. In addition Binance will interact with their community, to have them create assets and games for inside The Sandbox. Think about social hubs and game jams for example.
Binance is taking [this] a step further to demonstrate that blockchain technology can bring mainstream adoption into gaming through our collaboration with The Sandbox. Together we work on a brand-new field of entertainment that brings more freedom to players”Binance CEO Changpeng Zhao (press release, September 8th 2020)
The biggest estates in The Sandbox are 24 parcels in width and 24 in height. As a result an XL estate consists out of 576 parcels. Atari, Rollercoaster Tycoon (also Atari), WhaleShark_Pro and Mind Fund are the only ones so far who own such a gigantic estate. The land acquisition likely costs Binance more than 140 thousand dollars. Land parcels will sell next week with a 10 percent discount and a starting price of 43 dollars.
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.
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.
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.
Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a content manager and creator at heart, working on Play to Earn. He’s also Head of Content for DappRadar.