The virtual plots put up for sale in recent weeks have attracted the attention of more than 5,500 investors, including well-known brands and venture capitalists, for more than $ 20 million in generated value. All thanks to the blockchain, using the Ethereum-based cryptocurrency $ Sand.

A metaverse, a parallel online universe of digital lands in which videogames, art exhibitions, virtual concerts can be created: it is The Sandbox, the reality that has already sold 46% of its virtual map, for 166,464 Land and a collection of more than 20 million dollars. Both the land and the currency belong to the category of so-called Non fungible tokens, or Nft, which use blockchain technology to define its authenticity and ownership, as well as guaranteeing the security of sales.

In February alone, land worth 2.8 million was sold, in an initiative that attracted significant interest also in Italy. From 14 April new lots are also made available for sale, for a collection that exceeded the threshold of 2.6 million dollars in the first 48 hours. The purchase can be made using the $ SAND, a cryptocurrency based on the Ethereum blockchain, convertible in the appropriate markets.

But The sandbox is only the litmus test of a world that is experiencing a period of turmoil, that of “digital real estate”, the real estate market applied to digital worlds. On The Sandbox alone, digital land sales have managed to attract the attention of 5,500 investors and business partners, including internationally renowned brands such as The Smurfs, Shaun the Sheep, Rollercoaster Tycoon and Care Bears, companies such as Atari, Binance, CoinCheck, Metakovan, Pranksy, Socios.com and CoinMarketCap, as well as venture capitalists and entrepreneurs such as Tyler Winklevoss, co-founder of Gemini Exchange and creator of the very first version of the social network that would later become Facebook, Ken Howery, co-founder of Paypal, Bill Lee, co-founder of Craft Ventures, Sundeep Madra, vice president of Ford Motor Company and Ford X, Chris Ye, CEO of Uken Games, Michael Witz, founder of Redemption Games.

"The Sandbox is a living and constantly growing NFT-based universe that attracts new and diverse partners every day: from software houses specializing in video games to famous brands, from artists and celebrities to visionary entrepreneurs and technology companies - explains Sebastien Borget, Coo & co-founder of the company - We are shaping our virtual world to be an experience-rich place where investors can establish a presence by offering destinations and entertainment for the new and exuberant community of virtual world enthusiasts. "

Published by: BBCC
Date: 04-06-2021