Stay tuned to know more about sandbox Dao, revealing the insights of Metaverse and Web3, don’t miss the chance and explore possibilities of gaming with our guests, Co-founder of The Sandbox, Sebastien, along with Anthony Chau, Loretta Chen. 
The Sandbox, a virtual platform leveraging blockchain technology, has recently launched Sanbox DAO (Decentralized Autonomous Organization) marking a step ahead in decentralized governance. The DAO empowers the Sandbox community with over 5 million+ users, including creators, players, and LAND owners. Additionally, voting on Sanbox Improvement Proposals (SIPs) will be possible for the community members. They can also take part in the decision-making process regarding important matters. There are three stages to the Sanbox DAO’s planning:&nbsp; 
<ul> 
 <li>Phase 1: Owners of LAND and SAND will vote on SIPs.</li> 
 <li>Phase 2: By building self-reliability, DAO will become more independent.&nbsp;</li> 
 <li>Phase3: Giving the public the ability to vote on SIPs and exchange ideas.&nbsp;</li> 
</ul> 
The two main components of DAO are Councils and Advisors. Advisors make sure that the development of the DAO has enough support in this regard. The council also examines SIPs to make sure the DAO’s goals are fulfilled while maintaining legality and the interests of the community. In its entirety, Sandbox DAO seeks to maintain transparency, foster community involvement, and pursue long-term development. 
&nbsp; 
The post <a href="https://coingape.com/videos/interviews/sandbox-dao-at-a-glance-watch-now-to-know-more/">Sandbox DAO At a Glance ; Watch Now To Know More</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Sandbox DAO At a Glance ; Watch Now To Know More

Coingape News Media

Άλλα άρθρα που δημοσιεύτηκαν στις 29 Ιουλ 2024

Polkadot’s bearish week: Will THESE new integrations spark a turnaround?

Exploring the Best Crypto Presale Projects 2024: High Returns and Zero Tax

Trump Proposes Strategic National Crypto Stockpile: 'Never Sell Your Bitcoin'

BlackRock Addresses Rise in Bitcoin and Ether ETF Scams

Bitcoin Short Positions Surge

Bitcoin, Dogecoin Erase Earlier Gains, Ethereum Holding On: 'Choppy Price Action Until FOMC On We...

Join our free newsletter for daily crypto updates!