On May 29, 2024, The Sandbox announced the launch of its DAO to create an open metaverse through global community collaboration.
This decentralized autonomous organization allows users holding SAND or LAND to participate in governance, voting on key aspects like game design, social interactions, and asset utilization.
Explore the latest developments and the visionary comments from The Sandbox's founders.
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Constructing an Open World with The Sandbox DAO
On May 29, 2024, "The Sandbox," a platform utilizing cryptocurrency to expand its metaverse, announced the launch of "The Sandbox DAO." This initiative aims to construct an open metaverse with the support of a global community.
DAO (Decentralized Autonomous Organization) is an organization that operates without a centralized owner or manager. Decisions are made collectively by members, typically through a voting system where individuals holding a specific cryptocurrency have voting rights.
The Sandbox issues the cryptocurrency "SAND" and NFTs like "LAND" for virtual real estate. These assets allow users worldwide to create unique content and enjoy games. Moving forward, The Sandbox will adopt the DAO model to collaboratively build an open world.
The First Sandbox Improvement Proposal (SIP) Released
In The Sandbox DAO, owning at least 1 LAND allows members to voice their opinions and influence game design and interactivity through voting in events like Game Jam and VoxEdit contests.
Additionally, those holding more than 5 SAND can participate in governance decisions via The Sandbox DAO, shaping the platform's future through voting.
Community feedback is submitted as Sandbox Improvement Proposals (SIPs) and put to vote. The announcement also revealed the release of the first SIP, which members holding 5 SAND or 1 LAND can participate in.
The Sandbox aims to evolve into a "perpetual open-world platform operated, managed, and created by users" through these mechanisms.
Overview of The Sandbox DAO
The Sandbox DAO is a decentralized autonomous organization designed to transform "The Sandbox" gaming metaverse platform into a user-built open metaverse.
DAO members can reflect their opinions and vote by owning 1 LAND or 5 SAND. Members can vote on critical topics such as:
- Future developments of characters and digital identities
- Considerations for gameplay and events
- Adding social interactions like emojis, emotes, and voice chat
- Defining player statuses for SAND, LAND, and NFT holders
- Deciding on the utilization of over 25,000 LAND held by the foundation
Future Development Plans
- Phase 1: The Sandbox DAO Debut
Adoption of community proposals, equipped with unique tools and funds. - Phase 2: Trial
Establish operational policies aimed at DAO autonomy. - Phase 3: Full Launch
The community is empowered to propose and vote, fostering inclusive and transparent decentralized decision-making similar to Phase 1.
Council, Advisors, and Foundation
The Sandbox DAO comprises a "Council" and "Advisors," each playing distinct roles in supporting the DAO's development and functionality.
Advisors leverage their expertise and networks to build a vibrant, decentralized metaverse.
The Sandbox DAO Foundation manages DAO decisions and oversees related tasks, including hiring a support team for the DAO.
Comments from The Sandbox CEO & COO
We believe that an open-world game should be operated by creators, players, and LAND owners. Blockchain technology enables decentralized decision-making and empowers people.
This is the direction platforms like Fortnite and Roblox will eventually head.
Arthur MADRID, CEO & Co-founder of The Sandbox
Creators in The Sandbox are now citizens of a digital nation, empowered to determine how the platform evolves and what initiatives it supports.
I look forward to seeing how each of us contributes to this positive support, ecosystem growth, and future development.
Sebastien Borget, COO & Co-founder of The Sandbox
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