The Sandbox: over $2.8 million worth of Land sold in 1 month
The Sandbox: over $2.8 million worth of Land sold in 1 month
Gaming

The Sandbox: over $2.8 million worth of Land sold in 1 month

By Amelia Tomasicchio - 6 Mar 2021

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A few days ago, The Sandbox announced on its Medium blog that it had broken its own records by selling over $2.8 million worth of Land, as well as 11.9 million SAND, during the month of February 2021 alone.

The Sandbox explains that this was made possible by sales on two Lands in particular, which have sold as much as $37 million worth of LAND to date.

That’s a 10-fold increase over the 12 months, and in the statement, The Sandbox also announces that 45% of all virtual lands in its metaverse have now been sold.

The NFTs of Land

These Lands are sold through OpenSea, as they are actual Non-Fungible Tokens (NFTs) based on the Ethereum blockchain.

Essentially, The Sandbox is nothing more than a virtual map where users can buy land in the form of NFTs. On this land, games can be built and banners and advertisements can be displayed.

The Sandbox and Binance

Also in February, The Sandbox started selling LAND through the CoinMarketCap website, as this is now owned by Binance, a major investor and supporter of the project. It was on Binance that the first token sale was held, raising $3 million on the Binance Launchpad platform.

The Sandbox has now established over 60 partnerships with major players in the sector, including The Smurfs, Care Bears, Atari, CryptoKitties, and Shaun the Sheep.

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 Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and Business Developer at Huobi for the Italian market.

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