The Sandbox has announced a land sale in collaboration with the Japanese messenger sticker characters from Quan amidst the biggest price pump in SAND history. The land sale will take place on Thursday, November 4th at 1PM UTC. Regular land will sell for 1011 SAND, while premium land has a price tag of 4683 SAND. With SAND currently trading for $3.17, that would mean that cheapest land costs $3204.
The Sandbox has always maintained the pricing of its land: 1011 SAND for a regular parcel and 4683 for a premium one. However, SAND has never been worth more than $1 during a land sale, and now it’s more than $3. I don’t expect them to change the pricing, but it will be interesting to see how the market responds.
Despite the high price of SAND, demand for land in The Sandbox has been incredible. Ever since Facebook stepped into the metaverse, land for The Sandbox has been in high demand. On the secondary market land sells easily for 0.9ETH or $4000.
The Sandbox x Quan land sale
The team will sell 150 lands, 100 premium lands, three small 3×3 estates and one medium 5×5 estate. Of course the premium lands come with a bundle of four NFTs, while 3 one-of-a-kind Quan characters will be sold through an auction on Opensea.
Normally a premium land comes with one legendary NFT and three less rare items. However, this time around every NFT in the bundle will be legendary. Because there are only 100 premium lands, which means there will also only be 100 copies of the following 4 NFTs:
- Business Fish
- Betakkuma (that’s the tall white character)
- Usagyuuun! (the small one)
What is The Sandbox?
The Sandbox is one of the blockchain-powered virtual worlds currently in development. 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 or virtual land.
The Sandbox has raised $93 million earlier this week through a Series B investment round led by SoftBank Vision Fund 2, which will help the project to stimulate growth. They will use the funding to grow their development team, support content creators and involve more brands and IPs. The Sandbox already partnered with mainstream brands like The Walking Dead, The Smurfs, Care Bears, Atari and Deadau5.
To learn more about The Sandbox, read our complete Sandbox Review and guide here.