The Sandbox DAO will be launched in three phases, with the first phase starting today and supporting community voting on proposals
Decentralized gaming platform The Sandbox announced the launch of The Sandbox DAO. The DAO is planned to be implemented in three phases, allowing The Sandbox (SAND) holders and virtual LAND holders to vote on the project and propose improvement suggestions through Sandbox Improvement Proposals (SIPs). The first phase will begin on May 28th, and the community will be able to vote on SIPs; however, The Sandbox staff will still manage some operations. The second phase of the DAO implementation is considered its "exploration" phase, and it is expected that Sandbox DAO will be able to be self-sufficient and separate from its parent company. By the third phase, the DAO is expected to be fully operational and governed by the community.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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