The Sandbox Blockchain Gaming Platform Partners with Coincheck to Broaden Adoption of Digital NFT Assets and Virtual Land in Japan Market
16 September 2020: The Sandbox and Coincheck announced today a collaboration to facilitate broader distribution of non-fungible tokens in the Japanese gaming market for tokens created, used and traded within The Sandbox virtual world gaming platform, through the Coincheck NFT marketplace to be launched. As part of the partnership, Coincheck will work towards listing NFTs used and traded within The Sandbox to its own NFT marketplace. A pioneer in the space of blockchain gaming, NFTs and true digital ownership, The Sandbox has conducted four successful LAND presales in 2020, selling more than $1,500,000 worth of LANDS (ERC-721 NFTs) to thousands of global users. Even without localization, The Sandbox already ranks Japan in the Top 5 for LAND purchases.
The Sandbox will offer a persistent, interactive virtual metaverse — a 3D unique virtual world where players can build, own, and monetize their gaming experiences through the use of Non-Fungible Tokens (NFTs) and the utility token $SAND (the ERC-20 fungible token that serves as the main utility token of the platform). LANDS are non-fungible tokens (ERC-721) NFTs that represent unique digital locations in the universe of The Sandbox, where players can build and monetize games.
The Sandbox players can own, create and publish game experiences on their LAND. LAND will have the capability to be rented out to other players, and owners can invite other creators into their LAND to help create an experience collaboratively. Players can combine LANDS into a larger shared space to create a richer, larger gaming or social experience.
“Following the launch of our Game Makers Fund in Osaka on October 2019 at Devcon5, we’ve grown Japan into the fifth largest country for purchases of LANDS and other NFTs in The Sandbox metaverse.” said Sebastien Borget, Co-Founder and COO of The Sandbox. “The partnership with Coincheck is a stepping stone towards broader recognition and adoption of NFTs by Japanese gamers and we’re thrilled to be among the first projects leveraging the Coincheck platform in this important market.”
"We look forward to collaborating with The Sandbox", said Kensuke Amo, executive officer of Coincheck. "Coincheck already has 3 million app downloads, 2 million users, and more than $100 million worth of ETH in our custody. Japanese users who are not familiar with The Sandbox will know and visit The Sandbox in the process of purchasing LANDS on Coincheck platform. We would like to expand mass adoption through blockchain games and NFTs."
The Sandbox’s primary NFTs are LANDS, which allow game publishing and monetization
The Sandbox game franchise is one of the world’s largest independent user-generated content and gaming platforms, with 40 million downloads and over one million monthly active users. The upcoming 3D based blockchain version of The Sandbox is expected to launch its public beta for players by December 2020. Named one of the Top 50 Blockchain Gaming companies by BlockchainGamer.biz, The Sandbox introduces new creative and commercial possibilities by allowing users to create 3D items and gaming worlds from the digital equivalent of building blocks. The Sandbox development team is also one of the main contributors to the development of the ERC-1155 token standard on the Ethereum blockchain together with Enjin and Horizon Games.
About The Sandbox
The Sandbox, a subsidiary of Animoca Brands, is a leading creator of world-building experiences, with a team of over 40 senior staff, each with 10+ years of experience building and maintaining game live operations for millions of players. The Sandbox is a community-driven blockchain gaming platform that will allow creators to monetize assets and gaming experiences, allowing them to benefit from their creations. Scheduled for release in December 2020 and building on existing The Sandbox IP that has more than 40 million global installs on mobile, The Sandbox will offer players and creators a decentralized and intuitive platform to create immersive 3D worlds and game experiences and to safely store, trade, and monetize creations through blockchain. For more information, please visit www.sandbox.game and follow the regular updates on Medium and Discord.
Coincheck, Inc. offers a diverse range of crypto asset services, including Coincheck, a crypto asset exchange service with the highest number of downloaded apps and more than 2.08 million users(*). With a mission to make the exchange of new values easier, Coincheck is working to develop better services created from crypto assets and blockchain. *As of June 30, 2020