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The Sandbox To Migrate To The Polygon Network

Cryptocurrency Jul 29, 2022 08:30AM ET
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© Reuters. The Sandbox To Migrate To The Polygon Network
 
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In an official announcement, it was revealed that The Sandbox has begun preparations to move its smart contracts to the Layer-2 Polygon blockchain.

With the migration, The Sandbox ecosystem will be undergoing some changes. Of particular note is that LAND and SAND tokens will be bridged, which will serve to make the ecosystem cheaper and greener, with the added benefit of providing more features.

The Sandbox & Polygon: What Does the Migration Mean?

The Sandbox has already started its deployment and bridge to Polygon. Thanks to this, users can look forward to means lower gas fees, higher energy efficiency, LAND multipliers for staking, faster operations, and more.

The contract addresses are as follows:

  • LAND on Polygon: 0x9d305a42A3975Ee4c1C57555BeD5919889DCE63F
  • SAND on Polygon: 0xBbba073C31bF03b8ACf7c28EF0738DeCF3695683
The Bridge on both blockchain networks:

  • Ethereum — 0xCd1C7C85113b16A5B9e09576112d162281b5F860
  • Polygon — 0x03c545163bd114D756c65DDA1D97D37b89dA2236

New Features

Following the full deployment of The Sandbox on Polygon, users will be able to enjoy some new features.

  • Staking
As mentioned earlier, LAND multipliers will make their return. With the successful implementation of the bridge, users will gain a 15% LAND contribution multiplier that will be applicable in conjunction with all SAND and SAND-MATIC staking.

All users will be able to enjoy the benefits of the multiplier, though LAND owners in particular will gain extra rewards for staking SAND based on the amount of LAND they own. Any new LAND staking features will henceforth be developed on Polygon.

  • Cashback
Along with the addition of the LAND multiplier, the transition to Polygon will also unlock an exclusive cashback program. The Sandbox will be implementing a 1M $SAND cashback mechanism as a means of smoothing out the migration and lowering gas fees. For every LAND migrated to Polygon, users get 10 mSAND cashback.

Upcoming Updates

The Sandbox team revealed that as migration progresses, users will gain access to more features, and a roadmap to that effect has been provided.

Here’s a quick overview of the updates mentioned in the official blog post:

  • ASSET Token
The ASSET token is scheduled to be deployed and bridged by the end of July 2022.

  • LAND Sales
All upcoming LAND sales will hereafter be held on the Polygon Network, while all sales hosted on the Layer-2 will incur lower gas fees. With this, The Sandbox hopes to provide a “less frustrating” buying experience.

  • ESTATEs
Once the ‘ESTATE’ modification has been implemented on the Polygon network, users will be able to merge their LAND to publish ‘EXPERIENCEs’.

  • EXPERIENCE
Post migration, users will be able to build EXPERIENCEs on their LAND on Polygon. More details are expected to be provided as the launch nears.

To learn details about the migration, you can visit the official blog.

About The Sandbox

The Sandbox is a Play to Earn game in which players own land,and build on it to create games, voxel art, and more. Player’s creations can then be monetized through the platform.

Over the last year, The Sandbox has collaborated with a plethora of famous brands and celebrities, including Ubisoft, Adidas (OTC:ADDYY), Atari, Playboy, Deadmau5, Snoop Dogg, and more.

On the Flipside

  • One of the major “cons” of The Sandbox was its high Ethereum gas fees. With its migration to Polygon, players will be hoping that the issue is resolved with a smooth transition.

Why You Should Care

  • The Sandbox’s migration to Polygon will make operations cheaper in the metaverse
  • With the transition, The Sandbox has checked off another important milestone in its roadmap

You may also be interested in:

The Sandbox & Gravity Bring Ragnarok to the Metaverse

Continue reading on DailyCoin

The Sandbox To Migrate To The Polygon Network
 

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