The Sandbox: Land’s presale collects 800 Ethereum
The Sandbox: Land’s presale collects 800 Ethereum
Blockchain

The Sandbox: Land’s presale collects 800 Ethereum

By Amelia Tomasicchio - 14 Feb 2020

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Animoca Brands and its subsidiary TSB Gaming Ltd, companies that deal with video games and virtual reality, have recently launched the second round of the token Land presale for the game The Sandbox.

During the presale for now have been sold 800 ETHs of token LAND, going almost sold out in just a couple of hours, reads the press release. In addition to the tokens, 10 limited edition assets such as NTFs have also been sold.

The Sandbox currently has 40 million downloads. Of course, Animoca Brands isn’t new to the industry either. The company is in fact famous for having also launched F1 Delta Times, NTFs representing Ferrari racing cars, Garfield games, Monster High and many others.

The Sandbox also has the support of some important blockchain companies like MakerDAO and CryptoKitties, but also like Opera, Blockchain Cuties Universe, NFT.nyc, Blockchain Game Alliance and many others.

How The Sandbox Works

The Sandbox is a blockchain-based virtual reality game where players can build and control lands. The token lands are practically the currency of these virtual territories to be able to sell and buy goods within the game.

The first presale was in December 2019 and had sold 3000 lands in 4 hours, while the second presale was opened a few days ago, on February 11, 2020.

As co-founder of The Sandbox Sebastien Borget explained:

“The success of the first two presales of The Sandbox strongly validates our approach to building a gaming metaverse, showing the growing interest from creators and gamers in the benefits of true digital ownership that will allow them to monetize their future creations within an open economy. We can see without any doubt that users are ready to jump into our vision of the Metaverse.” 

Arthur Madrid, CEO of The Sandbox, said:

“The future of gaming will be real auctions for virtual assets. Players will be able to travel the Metaverse in style with their customizable avatars without restrictions.”

The power of NTFs

Since the birth of CryptoKitties, the world of blockchain gaming has been unleashed in favor of NTFs (Non fungible tokens) and many of the projects related to this type of technology are increasingly successful, so much so that the Ethereum network on which they are based is often congested.

Precisely for this reason, many blockchain companies are launching themselves in this sector, just think of Cardano with Emurgo and the collaboration with the Korea Mobile Game Association (KMGA), EOS with Chain Clash, Prospectors and Upland; not to mention the recent acquisition by the Winklevoss brothers’s American exchange Gemini of an NFT trading platform.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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