In a huge announcement from Binance Launchpad, Binance will support The Sandbox, an exciting blockchain gaming project that we have covered in the past.
This token launch platform is designed to help support transformative blockchain projects and brings a lot of momentum to this budding industry.
A token sale will be the next step for the company to raise funds after receiving a private round investment from Binance Labs. The highly anticipated Sandbox (SAND) $3M USD token sale on Binance Launchpad will follow a lottery-format ticket claim and start on August 13, 2020, at 06:00 am UTC (+0).
The Sandbox team is building a unique virtual world where players can build, own, and monetize their gaming experiences using SAND, the main utility token of the platform, and Non-Fungible Tokens (NFTs).
SAND holders will be also able to participate in governance of the platform via a Decentralized Autonomous Organization (DAO), where they can exercise voting rights on key decisions of The Sandbox ecosystem.
If you have been paying attention to the recent land sale, you will notice some major players getting involved such as Atari, Shaun the Sheep, Cryptokitties, and more.
Arthur Madrid, CEO and Co-Founder of The Sandbox, added, “Our strategic partnership with Binance and their ecosystem is a giant leap in bringing The Sandbox gaming platform to over 2.7 billion gamers, and advancing blockchain gaming one step further toward mainstream adoption and ease of access”.
This is great news for landowners and everyone that has become an earlier adopter of The Sandbox, bringing a lot of potential for the coming world builds.