Promotion for 4.2 virtual lands in the Sandbox metaverse starts on September 15th, with over 4,500 non-exchangeable tokens, or NFTs, LANDs for sale. Unlike previous LAND sales, this time $ SAND will be the exclusive payment method.
Going forward, all land traded on the platform will be sold for $ SAND, as co-founder Sebastian Borget explained to Cointelegraph:
“Since the inception of the project, we have designed the $ SAND replaceable token – ERC-20, which acts as the primary tool for the platform – to act as a middleman for exchange, control of tokens and a reward for effort. We […] are excited to start showing a real tool in the $ SAND game. token. ”
The sale will consist of four waves, each of which will begin at different times in the following days until September 18th. Previous sales sell out in a matter of hours, so that’s the format, along with the exclusive use of $ SAND as the payment method. He may give preference to those who were unsuccessful in previous sales.
As reported by Cointelegraph, an NFT vault called The Whale has acquired virtual land in The Sandbox to develop and speculate and is currently ranked as the second largest owner. Analysts firm Messari estimates that The Whale may have acquired nearly $ 500,000 worth of $ 1.5 million in LAND, sold so far from previous sales.
25% of the assets on offer this time will be Premium Lands, which are well placed and come with four exclusive Care Bears assets, following a partnership announced earlier this month.
The $ SAND token was sold last month as part of a $ 3 million Initial Exchange Offer, or IEO, on the Binance Launchpad. Since then, it has become available to trade against Bitcoin (BTC), Tether (USDT) and Binance Dollar (BUSD) on Binance and against Ether (ETH) on UniSwap.
Last week, Binance also purchased more than 4,000 of its LAND tokens in the Sandbox metaverse, making it the largest owner of virtual land. He plans to use this to organize social gaming contests and award winners.