Binance has acquired virtual real estate property on the leading blockchain gaming platform The Sandbox.
The cryptocurrency giant Binance has acquired virtual space within the blockchain gaming platform The Sandbox by buying 4,012 LAND tokens — 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.
Scheduled for a public beta release in December 2020, The Sandbox has so far organized four LAND presales and sold tokens worth almost $1,500,000.