The Sandbox is one of the most popular blockchain-based Play-to-Earn games that allows players to create a virtual world using non-fungible tokens (NFTs) on the Ethereum blockchain. Players can create their own avatars and use them to explore the game worlds and the metaverse of The Sandbox.
Here is the latest news on the project’s updates you might have missed!
Playboy Has Joined The Sandbox Virtual World
Recently, The Sandbox metaverse representatives have announced a new partnership agreement with Playboy. As part of the cooperation, the developers will hold a VoxEdit contest. Users can participate in the upcoming event and win over 15,000 SAND tokens (at the current rate of $1.29). The goal of the initiative is to encourage users to create new virtual artworks inspired by Playboy.
15,000 SAND will be split amongst the top entries in the following ways:
- 1st place: 6,000 SAND;
- 2nd place: 3,500 SAND;
- 3rd place: 2,000 SAND;
- 4th to 10th place: each receives 500 SAND.
In addition, all winners will also receive a non-fungible Playboy Rabbitar NFT and will be able to own Playboy merchandise. Representatives of the company noted that the contest would begin on August 5, 2022, and the acceptance of applications will last 2 weeks. Voting for the best artworks will take place from August 20 to September 4. The official results will be published on September 10.
All participants were asked to create GIF images of an animated object, then make a post on social networks mentioning The Sandbox and VoxEdit, and fill out a special Google form on The Sandbox website.
Playboy representatives said that they are very happy to integrate with the cryptocurrency project, as they are well aware that the future of their business development lies behind digital coins.
Read Next: How to Make Money Online Playing The Sandbox NFT Game in 2022?
Steve Aoki NFT Avatars Has Come to The Sandbox
The Sandbox announced that avatars of the world-famous DJ Steve Aoki would appear in their virtual world. They are integrated as an NFT collection of 3,333 items depicting the celebrity himself. Each element has unique features and gives certain bonuses to the owners for earning a SAND token in the game.
Users can purchase digital items with different levels of rarity. The rarest is the ‘Golden Card,’ which is only 2% of the total emission of tokens, and ‘human’ is the most common one — 35%. Each avatar was created by a random generation.
NFTs became available in July for whitelist participants and open trading. Each one sells for 100 SAND, or about $135.
Steve Aoki has stated that he is a big fan of the metaverse. The DJ recalled that in January of this year, he gave a virtual concert with Masked Wolf and Tigerlily in another metaverse, Decentraland.
In addition, Aoki owns his own platform called The A0K1VERSE. This is a virtual world that gives privileges to collectors and active participants. It allows celebrity fans to earn digital rewards and real-life bonuses, including free tickets to Aoki’s concert, access to private events, unique merchandise, early downloads of NFT releases, and more.
Read Next: How to Buy The Sandbox (SAND): A Step-by-Step Guide 2022
The Sandbox Developers Have Shared Their Future Plans
The Sandbox representatives shared their future plans regarding the functioning in the Polygon network. Earlier, specialists announced that they deployed their product based on this network. The creators noted that very soon, they would announce the launch of LAND virtual assets sales and staking.
Startup representatives emphasized that their main goal was to ensure the compatibility of the Polygon and Ethereum blockchains. The virtual world developed by the Pixowl game studio is about to integrate a lot of new functionality using the Polygon Bridge.
According to experts, this bridge is ideal for facilitating the transfer of tokens between Ethereum Layer-1 and Polygon Layer-2. The scaling solution, using a Proof-of-Stake (PoS) mechanism, is designed to allow users to get high transaction speeds while paying significantly less for gas. In addition, all interactions within the blockchain will become more environmentally friendly.
The developers assured that as part of the rollout, SAND token holders would be able to receive LAND tokens through staking. Users will need to stake their SANDs in one of two staking programs, which consist of buying NFTs and transferring digital assets to the Polygon network.
The custom bridge will allow users to transfer and exchange LAND and SAND almost instantly. According to the project founders, non-fungible ERC721 tokens and an ERC20 virtual asset will be able to interact perfectly with each other.
That’s it for today! Stay tuned for more updates!
Leave a Reply