The Sandbox is a decentralised, community-driven gaming ecosystem where designers and artists can create, share and monetise NFTs and gaming experiences on the Ethereum.
A LAND is a digital piece of real-estate in The Sandbox’s metaverse, each one is a unique, non-fungible ERC-721 token on the Ethereum blockchain. Amongst other things, these LANDs can be developed upon by their owners and monetised. For example, a game, diorama or an art gallery could be built on these LANDs, to give just three examples.
Some LANDs on The Sandbox are owned by partners, such as Square Enix, Atari, Rollercoaster Tycoon, Binance, Smurfs, Deadmau5, and so on.
What can you do with LAND in the Sandbox?
Owning LAND in The Sandbox opens up a door of many opportunities to its owner.
The primary function of LANDs are to host and play experiences upon them, such as games, dioramas, galleries, social hubs and so on, which can be monetised by the owner as a source of income. They can also be used to host contests and events. These experiences can be created using The Sandbox’s Game Maker software.
Owning LAND will also give you a voice in the governance of The Sandbox metaverse. LAND owners and $SAND token holders will be the voice of The Sandbox and will be involved in determining and governing the future of the platform via a decentralised autonomous organisation (DAO).
If you are not a strong developer – that’s okay too. You can hire designers and artists to collaborate upon your real estate with you and create amazing experiences together. Or, if you have no interest in experience development at all, you will be able to rent your LAND to designers to be able to develop experiences upon, generating you some passive income from holding your digital real estate.
source:https://news.bitcoin.com/why-people-are-buying-digital-lands-in-the-sandbox
