This is the latest decision by the company to raise capital. Significantly, this is going to be the third time that Binance has used its token launch platform to hold a token sale.
Sandbox, in the meantime, is a community-driven game where users find new ways to monetise their gaming experiences. The third token sale for the game will only last five hours adding some time-sensitive exclusivity.
So far, the platform has signed as many as 50 partners and it has done fairly well. Sandbox's success is also a clear sign to any developer who wants to focus on blockchain gaming solutions.
We previously reported on Atari who are now focusing on an Atari crypo token launch and casino, but they are also releasing blockchain versions of old-school classics like Rollercoaster Tycoon, Centipede Pong, and Asteroids on Sandbox.
Sandbox also sees many opportunities for the company by opting to partner with Binance. According to CEO Arthur Madrid, Binance will offer a significant boost to Sandbox's unique Metaverse concept and economy:
“Having Binance as a partner will help The Sandbox to bridge the gap and help on boarding the Roblox and Fortnite generation to a new gaming experience where they can own, earn and trade everything in the game.”
Although Sandbox remains focus on predominantly video gaming for the time being, it’s not a stretch for it to host decentralised gambling offerings as well. The likes of WINk, Wagerr and TrueFlip could all have a place in the future.