The Sandbox, a virtual metaverse where players can play, build, own, and monetize their in-game objects, is planning to migrate to Polygon, a layer-2 scaling solution for Ethereum, Co-Founder Sebastien Borget told Decrypt.
The decision is expected to lower transaction costs and network congestion when interacting with the game. Borget also added the game will get its own decentralized autonomous organization (DAO) next year. He explained:
The metaverse needs to be built by the people. Once they’re building with our tools and they create experiences that will be ready to be open to the public — and we’re live on layer-2 for publishing experiences on their LANDs — I think that will be a great time to start.
While no dates have been announced, The Sandbox Co-Founder said the game will be available to the public once LAND-owning creators "are able to build and share their interactive experiences."
The announcement comes after Reddit Co-Founder Alexis Ohanian, Polygon, and Seven Seven Six revealed a new $200 million initiative focused on projects developing "the future of social media and Web3."
The initiative will be primarily focused on Polygon-based products. However, it remains unclear what the requirements are and what projects are eligible for funding.