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The Sandbox Launches Largest-Ever LAND Auction
Summary: According to Cointelegraph, the metaverse platform The Sandbox has announced its largest-ever LAND auction in collaboration with GBM Auctions. The auction includes 110 virtual lands (including 4 exclusive estate plots) and 220 virtual assets from 22 IP brands, all to be distributed through GBM's 'win-win' auction protocol. This innovative auction model offers incentives to unsuccessful ...
According to Cointelegraph, the metaverse platform The Sandbox has announced its largest-ever LAND auction in collaboration with GBM Auctions. The auction includes 110 virtual lands (including 4 exclusive estate plots) and 220 virtual assets from 22 IP brands, all to be distributed through GBM's 'win-win' auction protocol. This innovative auction model offers incentives to unsuccessful bidders, aiming to change the traditional NFT sales approach. The auction started on July 15 and will run until July 22. This marks The Sandbox's first public auction before the platform's official sale, signaling a significant shift in its asset distribution strategy.
