In funding for The Sandbox blockchain gaming platform, Animoca Brands has raised $2.5 million. The Pixowl division of Animoca is restoring The Sandbox as a blockchain-enabled game, with user-generated content that players can buy and sell with real digital ownership, via blockchain, a transparent, secure, decentralized ledger.
Animoca Brands and their Pixowl subsidiary said they raised the money to create a world of sandboxing where players can create their own virtual experiences.
“The Sandbox offers everyone access to a new economic model where players and creators fully participate in the value creation chain and can benefit from the new paradigm where content is the platform, We are excited to be one of the first blockchain-enabled games”
As an active consumer-generated content platform, The Sandbox enables community-scale curation, rewarding owners of SAND with a community role and a potential revenue stream.
The Sandbox is preparing for its next big milestone: its marketplace launch in Q3 2019. The Sandbox will offer a high-quality, curated content selection of artist-made voxel models that can be collected in preparation for scripting their behaviors and putting them in a map to generate new gaming experiences.
“Hashed considers crypto games to be one of the best testing grounds for experiencing the virtual world that blockchain will bring to us, We expect real-world economic activities based on blockchain to come true when the value derived from the virtual world can be distributed and maximized under decentralized protocols. In the same vein, Hashed believes The Sandbox, where users can monetize their experience through User Generated Contents (UGC), can be one of the leaders realizing and pioneering this virtual world. With its first onset, Hashed aims to contribute to the soft landing of The Sandbox to the Asian market, along with building up a strong community full of talented developers, designers, and users.”
The Sandbox is set to launch in the final quarter of 2019, and in the coming weeks and months more information will be revealed. Creators can be penalized if they do not comply with the rules laid down by the community and creators can post ideas to be developed and receive community funding via SAND tokens. Creators can pay artists to produce voxel models that they require. In addition, users can vote on the theme of an upcoming creation contest or sale event, or on the following features of the software.
“We are proud to add recognized leaders such as Hashed and Blocore to the backers of The Sandbox, which was named one of the world’s most anticipated blockchain games, Our new partners have a keen understanding of blockchain technology, gaming, and mass markets, and will prove invaluable to Animoca Brands and The Sandbox as we continue to break new ground and bring blockchain to the masses.”