The Sandbox, a leading decentralized metaverse platform and a subsidiary of Animoca Brands announced the sale of over 1,900 virtual LAND parcels on Tuesday.
The Sandbox is an Ethereum-based online multiplayer game similar to Roblox and Minecraft where users can own in-game assets as NFTs and trade their LAND holdings on marketplaces such as OpenSea.
The Sandbox’s metaverse contains 166,464 LANDs valued at over $1B, based on the average price of the 100,000 LANDs sold to date, the company said.
The sale will be done in three stages starting November 24, 2022, and will last through early 2023. The first stage, California Dreamin’, will give gaming fans the chance to build alongside FaZe World while skating fans will have the opportunity to build and play near Tony Hawk’s metaverse skatepark. It will also be home to Playboy and The Marathon City.
The second stage, The Galleria, will begin on December 1. The Galleria is a neighborhood built around fashion, media, and hospitality brands, where LAND owners can become virtual real estate developers on TIME Square or neighbors with Paris Hilton. The Galleria neighborhood will also be home to Cipriani and L’Officiel.
Then, in early 2023, Voxel Madness will go on sale. This is a gaming-themed neighborhood that will serve as the virtual local arcade for gaming fans around the world. Fans of Cut the Rope, Voxies, Dogami, Playground Studio, and Hermit Crab will be able to create and host their own games alongside their favorite gaming universes.
Each stage of the sale will include both standard and premium LANDs. Premium LANDs located in the neighborhoods of major brands are more scarce and come with exclusive premium digital collectibles for fans of those brands. Premium LANDs also increase staking rewards and allow owners to use their collectibles in Game Maker to create unique experiences. There will also be exclusive larger ESTATEs put up for auction directly on OpenSea.
SAND was trading at $0.5271 before the LAND sale was announced this morning, and rose to a high of $0.5540 during the day. At the time of writing, SAND was trading at $0.5473.