The Sandbox, ‘Cabus’ Land Sale…17 partners revealed
The Sandbox announced on the 6th that it will unveil a partner company of “K-verse, Korea Universe,” a space for K-content companies and brands, and hold a “LAND Sale,” which will sell “LAND” in the K-verse region.
As the K-Vers area, located in major locations in The Sandbox Metabus, was opened for the first time, the location and concept of the K-content company and brand included in the K-Vers were also unveiled. Each partner company will present various metaverse experiences using its brand to users on Land. There are 17 K-Verse partners that have been unveiled, including SM Brand Marketing, Any Cube, Lion Records, Gravity, and Lotte World.
There will also be a land sale where you can purchase neighboring lands from K-Vers partners. Land sales, which will be held from the 9th to the 12th, can be participated by members of The Sandbox, and general lands (1×1) and premium lands (1×1) can be purchased through a lottery after applying for a subscription. The 15 general lands (1×1) designated separately from the state (3×3 or 6×6) can be purchased through the auction of ‘Opensea’, a global NFT exchange.
Lee Seung-hee, CEO of The Sandbox Korea, said, “K content is becoming a cultural icon around the world in various fields such as music, games, dramas, and movies.” We expect K-content to show a strong influence on Metabus beyond reality through K-Vers, he said. “Starting with this K-Vers Land sale, new Korean companies and brands will continue to be unveiled at The Sandbox, so please pay a lot of attention.”
Meanwhile, The Sandbox’s Metabus consists of a total of 166,464 lands. On the land, you can post various kinds of content, from social lounges, galleries, clubs, fashion shows, sports, concerts, and games. The company explained that more than 100,000 units of the land have been sold so far, and the value of the land sold has reached about 1.3 trillion won (about 1 billion dollars) based on average sales.