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The Sandbox, a subsidiary of Animoca Brands, has launched its own decentralized autonomous organization (DAO) called The Sandbox DAO. This new governance structure will enable $SAND token holders and $LAND owners to participate in decision-making processes, shaping the game's aesthetics and interactivity through voting in Game Jams and VoxEdit contests. The DAO will have an $11 million annual budget and a treasury of 25 million SAND tokens. The transition to a more decentralized model aims to empower innovation and collaboration within the Ethereum-based metaverse game. Sebastien Borget and Yat Siu have been promoting the benefits of DAO at the NFC Summit.
UPDATE: @TheSandboxGame announces the launch of Sandbox DAO with a 25M SAND treasury. More details…↓ #TheSandbox (By: @ComposableD) https://t.co/NiqXma0cFF
[The Sandbox DAO Is Here] @borgetsebastien and @ysiu have been traveling the world educating Web3 and the benefits of DAO. After 12 years, The Sandbox is transitioning to become more decentralized to empower innovation and collaboration. https://t.co/FxTeNcrZsE
Ethereum metaverse game @TheSandboxGame has launched its own DAO, which will have an $11M annual budget and let token holders help shape the game's future. Click to read via @ggDecrypt: https://t.co/xVqrgJKf3f