Binance today announced its further collaboration with The Sandbox, a decentralized gaming platform,by purchasing 4,012 LAND NFT tokens from The Sandbox prior to the start of the fourth LAND presale in the gaming metaverse, scheduled for September 15, 2020.
The Sandbox recently completed the sale of $3 million worth of tokens through Binance Launchpad, an exclusive platform for cutting-edge blockchain projects.
The Sandbox creates a virtual world in which players cancreate digital assets, own them and monetize the gaming experience using the platform token and the official Sandbox token $SAND, as well as Non-Fungible Tokens (NFTs).LAND is an NFT-token (ERC-721) that is a digital object of reality in the metaverse The Sandbox.There is an unlimited number of LANDS token units, total 166464, each with a unique location.
Binance will use its LANDS tokens to engage with the community in The Sandbox virtual worlds; to organize future NFT competitions with the support of VoxEdit and The Sandbox NFT marketplace.Also, before the public (beta) launch of The Sandbox platform in December 2020, the exchange plans tohand out their LANDS tokens to the creators of the most attractive games based the Sandbox Game Maker as part of a series of upcoming contests.
The Sandbox is another game project supported by Binance Launchpad.In 2019, Binance Launchpad supported WINk, a platform for gaming, communication and betting in numerous blockchain ecosystems, using the WIN token as its own digital asset within the platform.
In discussing the collaboration, Binance CEO CZ noted:
“It is quite obvious that blockchain technologyhas great potential in the gaming industry. It provides significant improvements for gamers and developers, especially with regard to decentralization, transparency and interoperability. Binance is taking a step forward to demonstrate that blockchain technology can enable widespread adoption in games through our partnership with The Sandbox. Together we are working on a completely new field of entertainment that provides more freedom for players. "
"Binance's entry into our metaverse is an important step towards wider adoption of NFTs in the decentralized economy by the Binance user community."- emphasized Sebastian Borget, chief operating officer and co-founder of The Sandbox.
"One of the greatest strengths of the virtual worldTheSandboxis the fact that you can create, own and monetize games with gaming giants like Atari, Square Enix, and now Binance!”
Sandbox held four successful LAND presales in2020, selling LANDS (ERC-721 NFT) for more than $ 1,500,000. Most of the offers were completed within minutes or hours due to high demand. In the 1st round of the last 4th presale, the premium LANDS and ASSETS were introduced and 75 percent of them sold out on August 4, 2020 in one hour. The second round of the 4th presale will take place on September 15, 2020.
The Sandbox gaming franchise is one of the largestin a world of independent platforms for creating user generated content and games with 40 million downloads and over a million monthly active users. A future blockchain version of The Sandbox in 3D, which will introduce new creative and commercial opportunities by allowing users to create 3D objects and game worlds from the digital equivalent of building blocks, has been named one of the 10 most anticipated blockchain games worldwide and one of the 50 largest gaming companies of the world (source: BlockchainGamer.biz).
More information about the virtual world of the blockchain The Sandbox at the link: https://www.sandbox.game/en/land/map/?x=48&y=48
The public beta of The Sandbox for players is expected to launch in December 2020.
Learn more about The Sandbox project from Binance Research's in-depth report: https://research.binance.com/en/projects/the-sandbox
About The Sandbox
The Sandbox Team — a leading game developer with more than 40 professionals and ten years of experience in creating game projects and supporting them with a million-strong audience of players.
The Sandbox — gaming platform,allowing players to create, own and monetize their gaming experiences and content on the blockchain. The platform is scheduled to launch in December 2020, and the gaming platform is built on the existing The Sandbox IP, which has over 40 million installations worldwide on mobile devices. The Sandbox will offer players and content creators a decentralized and intuitive platform to create immersive voxel worlds and gaming experiences, and securely store, trade and monetize their content using the blockchain.
Binanceis the world's largest digital asset exchange bytrading volume and a leading global provider of infrastructure solutions for the blockchain and cryptocurrency industries, providing users with an extensive range of financial products.
Today Binance is a fast growing ecosystem,which experts compare to Google and Amazon. The Binance ecosystem includes marketplaces, training and research centers, a non-profit charitable foundation, incubation programs, and more.
About Binance Launchpad
Binance Launchpad— is an exclusive platform fortoken sale, allowing the most innovative crypto projects to come to life with the help of Binance users around the world. Projects accepted for launch on Binance Launchpad will have access to resources and support from the entire Binance ecosystem.
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