The Sandbox launches Sandbox DAO with 25M Sand Treasury

The new DAO will allow SAND and LAND owners to vote on platform projects, aiming to enhance transparency and community involvement.

The Sandbox, a decentralized gaming platform, announced the launch of its decentralized autonomous organization (DAO), The Sandbox DAO.

The DAO initiative will be implemented in three phases, allowing The Sandbox (SAND) holders and virtual LAND — nonfungible tokens (NFTs) representing in-game plots. Holders and NFT owners can vote on projects and propose improvements through Sandbox Improvement Proposals (SIPs).

Phase one begins May 28 and will enable the community to vote on SIPs; however, The Sandbox staff will still manage some operations.

Read more

Please enter CoinGecko Free Api Key to get this plugin works.