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Sandbox unveils September 2023 roadmap focused on creating vibrant “neighborhoods”, improving landowner function and rewarding long-term holders. Introducing the LAND Ignition Initiative, which introduces a CATS system that enhances practicality and empowers creators.
Sandbox has announced its latest roadmap update for September 2023, revealing exciting developments for LAND owners around the world. Here’s a comprehensive look at the highlights:
Neighborhoods: Fostering Community and Experiences
This quarter, The Sandbox introduced Neighborhoods within the metaverse. These areas will act as focal points for activation and aim to achieve several goals, including fostering network effects between brands and users, enabling storytelling across the ecosystem, and enhancing the event experience. In the neighborhood he is of two kinds. One is location themes (such as his Kverse in K culture) and entertainment themes (such as games and fashion). The plan is that in 2023 he will release 5,000+ new LANDs with 6-9 LAND sales.
Improving LAND Owner Features: Stand Out and Publish
Sandbox is committed to improving the LAND owner’s experience through three main pillars: Prominence, Unique Utility, and Enhancing Influence.”
- Stand out: Features exclusive to Premium LAND owners are in development, such as special backgrounds on the map and strategic locations near famous brands and celebrities. There are also ways to feature all experiences on The Sandbox website, as well as special seasons, bonuses, and exclusive activities tied to IPs and brands.
- UNIQUE UTILITY: Our biggest release for 2023 will be Publish, allowing all LAND owners to start an experience on the map. This democratizes content creation, adds significant utility to LAND tokens, and moves The Sandbox closer to our vision of becoming a fully decentralized ecosystem.
LAND Ecosystem Updates
Thanks to fair and transparent LAND sales that brought new people into the ecosystem, The Sandbox now has over 23,500 members of LAND owners. With over 2,000 of his LANDs released in the first half of 2023, community support is evident. In the first quarter of 2023 alone, there were over 3,600 trades on the secondary market with an average holding period of 221 days.
Launching soon, LAND owners who have owned their LAND for at least 90 days will benefit from monthly NFT billing, providing additional value to long-term holders.
Additionally, a teaser of The Sandbox’s upcoming Catalyst (CATS) system reveals exciting possibilities for LAND owners. CATS introduces Layer2 ERC1155 tokens with in-game effects to provide minting capabilities and rarity definitions. Certain of his CATS are only available to Premium LAND owners and more information about CATS will be announced in the future.
LAND Ignition Initiative
As sandbox LAND runs out, the platform is introducing the LAND Ignition Initiative. This includes regularly buying back his LAND from the secondary market and lending it to creators looking to acquire his LAND for publication. This effort is in line with her The Sandbox mission to empower creators and make the metaverse easier to access.
If you haven’t established yourself in The Sandbox’s metaverse yet, now is the time. LAND is available on OpenSea, and neighborhood-themed LAND sales will be on our social channels soon.
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