Sandbox, a major decentralized metaverse platform and subsidiary of Animoca Brands, released the following statement: On Tuesday, over 1,900 virtual land parcels were auctioned. Similar to Roblox and Minecraft, Sandbox is an Ethereum-based online multiplayer game in which participants can own in-game assets in the form of NFTs and trade their land holdings on marketplaces including OpenSea.
Based on the average price of 100,000 lands sold to date, the business estimates that the sandbox’s Metaverse has more than $1 billion worth of 166,464 lands.
The sale will occur in three phases beginning on November 24, 2022 and continuing through early 2023. In the first phase, California Dreamin’, game lovers will be able to construct with Fez World, while skating aficionados will be able to construct and play close to Tony Hawk’s Metaverse Skatepark. It would also serve as the location for Playboy and The Marathon City.
The Galleria, the second phase, will open on 1 December. The Galleria is a neighborhood centered on fashion, media, and hospitality brands, where landowners may become virtual real estate developers alongside TIME Square and Paris Hilton. In addition, the Galleria area will be home to Cipriani and L’Officiel.
Then, Voxel Madness will be available for purchase at the start of 2023. It is a game-themed town that will act as a global virtual arcade for gaming enthusiasts. Fans of Cut the Rope, Voxis, Dogami, Playground Studio, and Hermit Crab will be able to develop and host their own games in the universes of their favorite games.
Each sale tranche will contain both regular and premium land. Premium lands in the vicinity of major brands are more scarce and include premium digital collections exclusive to fans of such businesses. Additionally, Premium Lands raise staking prizes and allow owners to utilize their Game Maker collectibles to build unique experiences. On OpenSea, particularly large estates will also be offered for direct auction.
According to the firm, the future land sale would be performed using a new raffle procedure to assure equal access. To enter the raffle, participants will need to own at least 1,011 SAND tokens in their wallet.
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