Binance buys virtual space within the blockchain gaming platform The Sandbox – a report by Saumil Kohli.

The cryptocurrency giant Binance has acquired virtual space within the blockchain gaming platform The Sandbox by buying 4,012 LAND tokens in the game.

Crypto exchange Binance has acquired virtual space within the blockchain gaming platform The Sandbox by buying 4,012 LAND tokens. Each non-fungible token represents a piece of unique virtual real estate in The Sandbox metaverse. The Sandbox’s virtual world allows its users to own, create and monetize their gaming experiences using the native utility token of the ecosystem, SAND, as well as LAND tokens. The Sandbox blockchain-based game has so far organized four LAND presales and sold tokens worth almost $1,500,000.

 

Binance plans to use the tokens to organize gaming events. 

The crypto exchange giant Binance plans to use the LANDS tokens to organize social gaming events such as NFT and game creation contests within The Sandbox platform and reward the contests’ best creators with LANDS tokens. Scheduled for a public beta release in December this year, the Sandbox has so far organized four LAND presales and sold tokens worth almost $1,500,000. The demand for the gaming platform and its metaverse’s tokens NFTs has risen since its first token sale, where it sold 3,000 pieces of LAND within four hours. The next three presales saw similar interest, with most LANDS being swapped within the first few hours.

The cryptocurrency giant Binance has acquired virtual space within the blockchain gaming platform The Sandbox by buying 4,012 LAND tokens in the game.

 

Binance continues to grow around the world.

As reported earlier, the crypto exchange giant Binance revealed that its UK subsidiary had joined the self-regulating industry association UK. The Australian entity had become a part of the local fintech industry advocacy body Fintech Australia. As an executive member of the self-regulating industry association CryptoUK, the crypto exchange has joined the peer groups of Coinbase, Coin Shares, CryptoCompare, eToro, and Ripple, all of which are responsible for the association’s Code of Conduct, governance, and policy positions.  

One of the world’s leading crypto exchanges, Binance, has acquired several local crypto businesses around the world to make its presence feel global. 

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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