Sandbox Launches Direct LAND Trading On Its Marketplace. Zero Transaction Fees For Two Months
In Brief
Sandbox integrated buying and selling of LAND function on its website, enabling users to conduct transactions within The Sandbox Marketplace.
Decentralized virtual gaming world Sandbox announced the integration of buying and selling of LAND function on its website. This update enables users to conduct transactions directly within The Sandbox Marketplace, eliminating the requirement to use third-party platforms like OpenSea. Additionally, coinciding with the launch of this new feature, Sandbox will waive all fees for listing LAND over the next two months.
In order to list their LANDs, users are encouraged to navigate to the Inventory section, select the LAND Card, which will redirect them to the map section, and then proceed to list them for sale. Within the map section, users will find the LAND details along with a “List for Sale” call-to-action. Additionally, users will need to set the listing price and dates by opening and managing the side panel.
Meanwhile, to purchase land, users can navigate to the map, select a land, and open its details, where they will find the option “Buy for XXX SAND”. Clicking on this call-to-action will open a side panel where users can proceed to complete the purchase.
In order to perform transactions through the Marketplace, users should navigate to the LAND & ESTATES section, select a LAND card, and then proceed to the map where they can finalize their purchase.
Notably, sales of LAND will incur a Creator Royalty fee of 5% paid to The Sandbox.
The Sandbox: Creating, Owning, And Monetizing Virtual Gaming Experiences
The Sandbox is a virtual world, in which individuals have the ability to make, own, and monetize gaming experiences utilizing blockchain technology. It comprises several core components, encompassing gaming content, LANDs, non-fungible token (NFT) assets, and SAND. A LAND represents digital real estate in the metaverse where users have the option to create virtual experiences. The popularity of virtual LANDs has led to all available pieces being sold out in every LAND sale conducted to date.
Furthermore, The Sandbox is structured to foster a creator economy where users can develop and participate in games hosted on their individual LANDs. Creators earn 95% of the proceeds from the NFTs they create and sell on The Sandbox Marketplace. This revenue model empowers creators to reinvest in their projects, hiring additional artists and builders to further develop their LANDs.
Disclaimer
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
