The Sandbox, which is a decentralized social metaverse platform that is a subsidiary of Animoca Brands, recently announced the addition of multiple members from the NFT, investment, and music industries to its list of partners. These new partners will acquire LAND NFTs in the open metaverse. Some of the new partners include Uken Games, Bill Lee, Ken Howery, Galaxy Interactive, Tyler Winklevoss, Gemini Frontier Fund, Nifty Gateway, Avenged Sevenfold, and others.
“As a vibrant, growing NFT-based gaming metaverse, The Sandbox is attracting strong and diverse new partners each day, from gaming studios to IP brands to artists to celebrities to visionary entrepreneurs to technology companies,” said Sebastien Borget, the COO and Co-Founder of The Sandbox. “We’re shaping our virtual world to be an experience-rich place where partners can plant a flag with virtual destination experiences on their LANDS in a powerful new entertainment community where creators, players, and brands can build and grow alongside each other.”
The announcement of these new partners comes after the beta launch of The Sandbox’s NFT marketplace. This allows anybody to earn SAND, The Sandbox’s utility token, by monetizing voxel-based NFT creations created with the dedicated software VoxEdit.
NFTs work on blockchains, similarly to Bitcoin. However, the difference between the two is each bitcoin can be exchanged for another bitcoin, but one NFT cannot be exchanged for an identical NFT. They are used to mark ownership in a piece of digital media. This can apply to art, collectibles, and video games.