Anticipated user-generated content platform The Sandbox has sold out of its first land sale in four hours.
Developer Pixowl (now part of Animoca Brands’ TSB Gaming group) had planned for an 15-day sale window.
However, the total amount of land sold was only 2.5% of what will be the eventual total of 166,464 land parcels in The Sandbox.
Each land is a persistent, unique location in the universe, owned as a ERC721 NFT via the Ethereum blockchain.
Players will use their land to build games using items and scripting. They can also be combined into larger estates to enable more complex experiences. Players will also be able to monetize such experiences on their land, rent out their land, and perform staking.
You can see how the land is being valued on the OpenSea marketplace.
As part of its sale, The Sandbox also hooked up with partners ranging from Shaun the Sheep and Old Skull Games, to My Crypto Heroes, Axie Infinity, CryptoWars, Battle Racers and companies like Klaytn, OpenSea, Bitski, Dapp.com, and DappRadar.
These partners will also claim a stake in The Sandbox, building their own game experiences when it officially launches in 2020.
You can get more details about The Sandbox via its website.
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