The Sandbox, a decentralized gaming platform, has taken a significant step towards decentralization by announcing the launch of its decentralized autonomous organization (DAO) known as The Sandbox DAO. This new initiative is designed to empower SAND token holders and virtual LAND owners, representing in-game plots, to actively participate in the platform’s governance.
The implementation of The Sandbox DAO will take place in three distinct phases. The first phase, which has already commenced, allows SAND token and LAND plot owners to vote on Sandbox Improvement Proposals (SIPs) that are submitted by the community via email. These proposals cover various areas such as governance, game content, and charity. A council made up of Sandbox leadership and partners from firms like Animoca Brands will review and guide these proposals.
In the second phase, named “Exploration,” The Sandbox will gradually relinquish more control to the DAO, reducing its direct influence over the community’s operations. Ultimately, the final phase will see the DAO fully independent and responsible for proposing and voting on ideas. This multi-phase approach highlights a journey towards progressive decentralization.
The Sandbox DAO will comprise two essential groups: the Council and Advisors. The Council’s role is to review SIPs and provide guidance to ensure that proposals are aligned with the DAO’s vision and community interests. On the other hand, the Advisors will serve as cultural ambassadors and strategic advisors, utilizing their expertise to steer the DAO towards achieving its goal of a decentralized and vibrant metaverse.
Notable figures make up the Special Council, including Sebastian Borget, Co-Founder and COO of The Sandbox, who brings a wealth of experience in blockchain and gaming. Frederic Montagnon, Chairman of the Arianee Project, is recognized for his work on tokenized digital product passports. Additionally, Jean-Michel Pailhon, Founder of Grail Capital, offers insights into digital art and collectibles. Yat Siu, Co-Founder and CEO of Animoca Brands, brings his understanding of the Web3 space and gaming to the table. Shannon Snow, COO of World of Women, a prominent Web3 brand focusing on inclusion, contributes expertise in the NFT space and its integration into entertainment and media.
Arthur Madrid, CEO and Co-Founder of The Sandbox, emphasizes the significance of community governance in the platform’s vision. Madrid believes that a gaming open metaverse should be governed by all users, including creators, players, and LAND owners, to ensure timelessness and push the boundaries of the community. The introduction of blockchain technology enables a fully decentralized system of decision-making and power distribution to the people involved. Madrid envisions that major gaming platforms like Fortnite or Roblox will adopt similar decentralized models in the future.
The introduction of the DAO aims to build trust and foster a sense of belonging among community members by ensuring transparency in every decision-making process. The Sandbox team views community involvement in governance as crucial for the platform’s long-term sustainability and growth. The innovative approach taken by The Sandbox shows a commitment to exploring the potential of blockchain in creating community-driven platforms within the gaming industry.
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