The Sandbox

DeFi

Steve

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 The Sandbox, a leading decentralized gaming platform, has<a style="color: #0000ff;" href="https://twitter.com/TheSandboxGame/status/1795379746492084235?t=mx7663eW_89CzWrv4bDLyg&amp;s=19" rel="noopener noreferrer nofollow"> announced</a> the launch of its decentralized autonomous organization (DAO), The Sandbox DAO. 
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This initiative aims to empower its community through a structured, phased approach backed by a 25 million $SAND Treasury.
The Sandbox DAO gives the community more control. Members with at least five SAND tokens or one LAND NFT can vote on important decisions. The goal is to shape the platform’s future, bridging gaming, entertainment, music, art, and more. Council members include Sebastien Borget, co-founder and COO of The Sandbox, and Yat Siu, chairman of Animoca Brands. 
The DAO will be<a style="color: #0000ff;" href="https://www.sandboxdao.com/" rel="noopener noreferrer nofollow"> rolled</a> out in three phases: Initiation, Exploration, and Full Operational Status. This phased approach allows testing and iterating on the DAO’s functionality, addressing challenges, and making necessary adjustments. 
In the<a style="color: #0000ff;" href="https://twitter.com/TheSandboxGame/status/1795379762338381863?s=19" rel="noopener noreferrer nofollow"> first phase</a>, starting on May 28, holders of The Sandbox tokens and virtual LAND NFTs can vote on SIPs. The Sandbox staff will still manage some operations during this phase. In the second phase, The Sandbox DAO will become more self-reliant, gradually decreasing its parent company’s involvement. By the third phase, the DAO will achieve full operational status, enabling community-driven governance.
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LAND owners, experienced builders, voxel artists, and players all have reasons to join The Sandbox DAO. Whether influencing game aesthetics, shaping creative landscapes, guiding artistic direction, or participating in governance decisions, community members can play a significant role in the platform’s future.
This pivotal development has garnered<a style="color: #0000ff;" href="https://www.sandboxdao.com/" rel="noopener noreferrer nofollow"> support</a> from external entities such as McDonald’s Hong Kong, Care Bears, Paris Hilton, and Steve Aoki. 
McDonald’s Hong Kong<a style="color: #0000ff;" href="https://www.sandboxdao.com/" rel="noopener noreferrer nofollow"> emphasizes</a> the opportunity to amplify brand awareness and attract customers already immersed in Web3. Care Bears<a style="color: #0000ff;" href="https://www.sandboxdao.com/" rel="noopener noreferrer nofollow"> highlights</a> The Sandbox’s risk-taking spirit, which has ultimately paid off. Paris Hilton emphasized the platform’s alignment with broader business strategies, offering innovative experiences for her fanbase.&nbsp;
Steve Aoki also<a style="color: #0000ff;" href="https://www.sandboxdao.com/" rel="noopener noreferrer nofollow"> underscored</a> The Sandbox’s ability to create engaging experiences and attract a new audience. These endorsements signify a vote of confidence in The Sandbox’s vision and potential to redefine the gaming experience in the digital age. 
⁤Despite the buzz surrounding the announcement, $SAND’s market performance witnessed minimal fluctuation, maintaining a steady trading price of $0.4447 at the time of publication.&nbsp;
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The post <a href="https://defi-planet.com/2024/05/the-sandbox-unveils-sandbox-dao-plans-to-transform-community-governance-in-decentralized-gaming/" rel="noopener noreferrer nofollow">The Sandbox Unveils Sandbox DAO, Plans to Transform Community Governance in Decentralized Gaming</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

The Sandbox Unveils Sandbox DAO, Plans to Transform Community Governance in Decentralized Gaming

DeFi Planet

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