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Michael
Michael
Sep 4, 2023
News

The Sandbox Unveils September 2023 LAND Owner Roadmap

The Sandbox unveils its roadmap for September 2023, focusing on creating vibrant "neighborhoods," improving LAND owner features, and rewarding long-term holders. It introduces the CATS system for added utility and announces the LAND Ignition Initiative to empower creators.
The Sandbox Unveils September 2023 LAND Owner Roadmap

The Sandbox has unveiled its latest roadmap update for September 2023, revealing exciting developments for LAND owners worldwide. Here's a comprehensive look at the highlights:

Neighborhoods: Fostering Community and Experiences 

This quarter, The Sandbox introduced "neighborhoods" within its metaverse. These areas serve as focal points for activations and aim to achieve several goals, including fostering network effects between brands and users, enabling storytelling across the ecosystem, and enhancing the events experience. Neighborhoods come in two varieties: those based on location themes (e.g., Kverse for K-culture) and entertainment themes (e.g., gaming or fashion). The plan is to release more than 5,000 new LANDs in 2023 across 6–9 LAND sales.

Improving LAND Owner Features: Stand Out and Publish 

The Sandbox is committed to elevating the experience for LAND owners through three key pillars: "Stand Out," "Own Utility," and "Increase Impact."

  • Stand Out: Features exclusive to premium LAND owners, like special vignettes on the map and strategic locations near famous brands and celebrities, are in the works. There will also be ways for any experience to be featured on The Sandbox website, exclusive seasons, bonuses, and dedicated activities in collaboration with IPs and brands.
  • Own Utility: The biggest release of 2023 will be "publishing," allowing all LAND owners to launch experiences on the map. This democratizes content creation and adds significant utility to LAND tokens, moving The Sandbox closer to its vision of becoming a fully decentralized ecosystem.

LAND Ecosystem Updates

LAND owners in The Sandbox now number over 23,500 members, thanks to fair and transparent LAND sales that have brought new people into the ecosystem. With 2,000+ LANDs released in H1 2023, the community's support is evident. In Q1 2023 alone, there were 3,600+ transactions on the secondary market, with an average holding period of 221 days.

Starting soon, LAND owners who have held their LAND for at least 90 days will benefit from monthly NFT claims, providing additional value to long-term holders.

Additionally, a teaser for The Sandbox's upcoming catalyst (CATS) system reveals exciting possibilities for LAND owners. CATS will introduce Layer2 ERC1155 tokens with in-game effects, offering minting capabilities and rarity definitions. Certain CATS will be exclusively available to premium LAND owners, and more details about CATS will follow in the future.

LAND Ignition Initiative

 As The Sandbox LANDs become more scarce, the platform is introducing the LAND Ignition Initiative. It involves periodic repurchases of LANDs from secondary markets, which will be loaned to creators aiming to acquire LAND for publishing. This initiative aligns with The Sandbox's mission to empower creators and facilitate their access to the metaverse.

If you haven't claimed your spot in The Sandbox's metaverse yet, now's the time. LANDs are available on OpenSea, with upcoming neighborhood-themed LAND sales to watch for on social channels.

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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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