The Sandbox wants to grow NFT on Ethereum

In the ecosystem Ethereum, The Sandbox is an expanding virtual game world. And the editor has lifted $ 2 million, especially with Square Enix. For the sale of LAND ( NFT), the game can also count on Matic Network.

Yes Ubisoft has not yet taken the plunge into the world of NFT (non-fungible tokens) commercial, new publishers have already launched video game services on the blockchain.

This is particularly the case of Decentraland, with already over a million dollars worth of virtual goods acquired by its users. French The Sandbox also hopes to succeed in his journey. The editor offers a virtual world in voxels (pixels comparable to those of Minecraft) in which players can acquire assets, including territories or LAND.

Foster transactions and decentralization

On March 31, a third LAND presale will be organized by The Sandbox. To promote its development, the publisher of this metaverse (meta-universe) has signed a partnership with Matic Network.

The company provides a solution to offer instant and scalable transactions on the blockchain. The partnership will allow teams to The Sandbox benefit from expertise to develop transactions and improve the user experience.

In addition, The Sandbox and Matic will strive to improve decentralized exchanges, "said the editor.

For its growth, it can also count on funding. His mother house has risen $ 2 million in 2019 from Square Enix (creator of Final Fantasy), B Cryptos, and True Global Ventures.

Franchise The Sandbox already claims to be "one of the world's largest independent gaming and user-generated content platforms" with 40 million downloads and over one million active users per month.

LAND and ASSET, NFT for sale

For his monetization, the publisher therefore relies on unique tokens or NFT, offered for sale, and usable on other platforms. As detailed in early March at the conference EthCC Nathan Sexer, Director of Growth & Marketing, the service consists of three products (creation of voxels, marketplace and game maker for game creation).

The Sandbox makes two main uses of NFT : LANDs, or plots of land (over 166,000), each being a unique token, and ASSET, a new non-fungible token standard (ERC N55).

These NFT allow multiple copies of the same token. Thus, a user can create a work of art, an asset, via the voxel creation platform, then choose a number of copies.

The use of non-fungible tokens brings two main elements: ownership and monetization, "said Nathan Sexer.

Assets of which users are the sole owners

Unlike a classic game, the buyer of a digital asset has a real property right over the asset.

You do what you want with this asset. We can't stop you from reselling it elsewhere on the secondary markets or using it on another game. It's the decentralized spirit, ”continued The Sandbox executive.

As for monetization, for example via the sale of plots, it does not only benefit the publisher of the metavers. Asset creators can also monetize their creations, in particular through different marketplaces. Interoperability is also essential in this respect.

Most non-fungible tokens are now based on Ethereum and follow the same standard. This makes it easier to use these NFTs and monetize them across different services, ”said Nathan Sexer. There is therefore nothing to prevent, for example, importing CryptoKitties to Sandbox.

Finally, the company highlights the " transparency "Permitted by the exploitation for these tokens of public smart contracts and" auditable by all. This adds confidence to these assets. "