In Brief
The Sandbox introduces a CATALYST claim event for LAND owners to enhance asset creation value.
Eligibility for the claim requires LAND ownership, a Sandbox account, and KYC verification by October 17.
CATALYSTs allow LAND owners to mint assets in VoxEdit, boosting their marketplace offerings.
The Sandbox Enhances LAND Ownership with Special Claim Event
The Sandbox, a virtual ecosystem where users can create, own, and monetize their gaming experiences, has announced a unique CATALYST claim event aimed specifically at LAND owners within its platform. This initiative is designed to add substantial utility and value to LAND holdings by allowing owners to enhance their creative output.
Understanding CATALYSTs
CATALYSTs play a crucial role in The Sandbox environment. They are utilized to determine the rarity and power of assets that users create and mint, making these assets more or less scarce and coveted in the marketplace. The intrinsic value of assets on the marketplace hinges significantly on these CATALYSTs.
Eligibility Criteria
LAND owners interested in participating in this claim event must meet specific requirements by the snapshot deadline on October 17. They need to own one or more LAND plots, have an active and verified Sandbox account, and complete the KYC (Know Your Customer) verification process. Approximately three weeks following the snapshot, the claim will become accessible, and eligible users can proceed through their account’s claim page. This claim opportunity will remain open for three months from its announcement.
Claim Mechanics
The allocation of CATALYSTs to users will be based on a points system that accounts for both the quantity and type of LAND owned and whether the owner has published any Experiences – interactive content developed on their plots. Points are awarded as follows: Standard LAND earns 1 point, Premium LAND earns 3 points, Standard LAND with an Experience earns 5 points, and Premium LAND with an Experience earns 10 points. Owners of multiple LAND plots and those who have published Experiences will receive additional bonuses.
Utilizing CATALYSTs
Once claimed, CATALYSTs can be used in VoxEdit to mint and determine the edition size and rarity of assets. These newly minted assets can then be listed and sold on The Sandbox Marketplace, providing a revenue stream and greater visibility in the digital marketplace.
Next Steps for LAND Owners
LAND owners are urged to ensure they have a verified account and have completed all necessary KYC requirements before the snapshot. Additionally, publishing an Experience could significantly increase their points, enhancing their potential CATALYST claim. For potential LAND purchasers, this event represents an enticing incentive to invest in LAND, unlocking opportunities for future minting and rewards in The Sandbox ecosystem.
