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What is LAND, The Sandbox's non-replaceable token (NFT)?

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Kimm
@kimmyhime
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Hello, this is kimm. With the news of Binance Labs' investment, Binance Launchpad, and Binance's 4,012 LAND token investment news, The Sandbox seems to be of interest among investors.

As Binance-led and VCs in various blockchain ecosystems, including Hashed and Dunamu, are paying attention to blockchain-based games and NFTs, the next trend of DeFi  , the Sandbox and LAND tokens are also focused on details. You need to find out the information. In today's post,  let's take a quick look at The Sandbox's non-replaceable token (NFT), LAND .

#One. What is LAND?

LAND is the basic unit of digital real estate,the foundation for players to create diverse experiences in The Sandbox metaverse  . LAND owners can import games and assets onto their LAND.

LAND is Ether Solarium (often referred to NFT, Non Fungible Token etc.) public block chain based alternative non-token that is issued to the ERC-721 of the Unlike ERC-20 tokens  that has the value (Value) inherent of the respective This is a typical feature .

There are a total of 166,464 LANDs on the map, and each LAND gathers to form the metaverse of The Sandbox, and a number of LANDs gather to form the ESTATE.

  • LAND: The basic unit of The Sandbox Metaverse. The size of the game is 96x96m

  • ESTATE: A form consisting of multiple lands

#2. Why Own LAND

LAND is  a metaverse digital real estate called Sandbox , and the owners of LAND have real ownership and control over their land. Therefore, the purchased land is forever owned by the buyer until the owner transfers or sells it, and it is also possible to attract users by uploading games or various assets to the land.

(1) Game creation and play

Land is a ticket that allows you to create a customizable world using multiple assets, explore them, and host your play.

(2) Token acquisition

Land owners can receive admission fees in SAND tokens for visiting their land, participating in games they host, and selling well-customized lands to other users.

(3) Participation in metaverse governance

Land owners can directly participate in governance related to the future decisions of The Sandbox Platform through voting, etc. (When an estate is owned by multiple players, it is called a district, and the owners of the district have control over all aspects of the district and governance)

(4) Hosting of events and contests

You can hold events or contests in your own land and receive rewards for them.

#3. LAND Presale

LAND, which will be pre-sale for the 4th round 2 on September 15, has already sold $1.5 million, and the discount rate continues to decrease with  each sale round. The biggest reason to participate in the pre-sale is that it is possible to preoccupy a favorite location in the limited space on The Sandbox by simply participating in the pre-sale regardless of the price discount  .

Already, quite a few partners and individual investors, including Binance, have participated in the LAND pre-sale to acquire their own digital real estate, and as time goes on, the sale price of Rand has no choice but to continue to rise, so participate in the LAND pre-sale. May be a good investment destination.

Information related to LAND pre-sale will be discussed in detail in the next post.

Posted Using LeoFinance