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Phil Hall
Phil Hall
Dec 22, 2020
News

The Sandbox Raises $32.373 for UNICEF

By auctioning a big land parcel in the middle of their virtual world, The Sandbox has raised over 32 thousand dollars for UNICEF.
The Sandbox Raises $32.373 for UNICEF

By auctioning a big land parcel in the middle of their virtual world, The Sandbox has raised over 32 thousand dollars for charity organization UNICEF. The auction took place on Opensea and bidders used SAND as their currency. Ultimately the winning bid paid 700 thousand SAND to acquire a virtual estate consisting out of 144 land parcels.

All proceeds from the auction by The Sandbox go directly to UNICEF. They use their UNICEF Crypto Fund to contribute to funding open-source technology benefiting children and young people around the world. Think about open-source education software, programming courses and so on.

The winning bidder seems to be anonymous, but has deep pockets. Their holdings in SAND and USDT combined already surpasses 150 thousand dollars in value. However, aside from some Axies there aren't any digital collectibles or game assets in the wallet. Accounts that interacted with the wallet of the winning bid, at least suggest this person is a big trader.

When The Sandbox land sales open up to the public, one land parcel will cost 50 dollars. That would mean that the land value of the auctioned estate is at least 7200 dollars. Considering we're talking about a huge estate at a premium location at the center of The Sandbox, it's safe to say that this has probably been a relative cheap purchase.

What is The Sandbox?

The Sandbox is one of the blockchain-powered virtual worlds currently in development. The virtual world of The Sandbox consists out of lands, and voxels fill up each of those lands. Visually it will remind many gamers of Minecraft, as both games have this Lego-inspired look to them. However, players are able to buy virtual land and implement any form of monetization. These virtual lands can become mini-games, adventures, virtual shops, extensions of actual webshops, a space for social gatherings, and so on.

The Sandbox is providing free tools for developers, gamers and content creators. Creators can use VoxEdit to make objects. In addition the Game Maker allows users to create interactivity on their virtual land. The Sandbox will also create a meta gaming experience. Players can for example do daily quests or weekly quests for their guild. This will earn players SAND, which they can sell or use to buy in-game items or virtual land.

Over the past twelve months The Sandbox has been setting up all kinds of partnerships. Think about Care BearsThe Smurfs and Atari. In addition they’ve created a game fund to stimulate developers to create unique games within The Sandbox. Hack The TaoMushroom ManiaPlanet Rift and Dethrone are some of these indie games.

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Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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