The Sandbox virtual real estate pre-sale sold out in just four hours

The Sandbox virtual real estate pre-sale sold out in just four hours

7th December 2019 0 By Jordan Heal

The Sandbox – a user-generated content voxel-based platform – hosted a ‘LAND’ pre-sale which ended up selling out in just four hours.

It is a game that offers an interactive virtual ‘metaverse’ made from a 3D voxel universe secured using blockchain technology.

On sale was in-game acreage which are vital building blocks upon which game assets (items and scripting, for example) can be imported for players to begin building their own creations and experiences.

While the first pre-sale was a planned 15-day long event, Animoca Brands and The Sandbox were left stunned when the stock rapidly depleted in a fraction of that time frame.

“As pioneers and early adopters in the space of gaming with blockchain-based assets, we believe The Sandbox’s metaverse will offer a virtual playground completely made and owned by creators,” said Sébastien Borget, co-COO and co-founder of The Sandbox.

Each of the LANDs will be a non-fungible token (NFT) based on the ERC-721 token standard.

As a result, they can be all be tracked, identified and verified using blockchain. This helps ensure true digital ownership as well as the ability to monetise them.

The initial pre-sale was the first opportunity for players, creators and crypto enthusiasts to nab a piece of the world using Ethereum, or purchase NFTs.

While the acreage sold out within four hours there are still NFTs up for sale until December 20, or when stock is depleted.

“Today, we are making history in gaming, offering for the first virtual real-estate and enabling people to buy digital lands,” added Arthur Madrid, co-COO and co-founder of The Sandbox.

“All this new digital assets ecosystem is supported by Ethereum enabling full ownership and decentralised trading.”

Interested in reading more blockchain gaming-related stories? Discover more about Enjin collaborating with tech giant Microsoft on Azure Heroes.