Binance buys virtual property in blockchain game The Sandbox. By buying 4,012 LAND tokens, the cryptocurrency giant Binance has acquired virtual space within the blockchain gaming platform The Sandbox — each of which is a non-fungible token representing a piece of unique virtual real estate in The Sandbox metaverse.
The Sandbox’s virtual world allows its users to own, create and monetize their gaming experiences using the native utility token of the ecosystem, SAND, as well as LAND tokens.
Binance plans to use its LANDS to organize social gaming events such as NFT and game creation contests within The Sandbox platform and reward the best creators of the contests with LANDS.
Gaming giant Atari is also a partner of The Sandbox and is creating blockchain versions of classic games such as Asteroids, Centipede and Pong.
Named as one of the most anticipated blockchain games, The Sandbox already boasts a whopping 40 million downloads and over 1 million monthly active users. The Sandbox also recently concluded a $3 million fundraise on Binance Launchpad. Now the platform expects to further the adoption of blockchain games and NFTs by tapping into Binance’s large userbase.