The Sandbox Launches Decentralized Autonomous Organization with $25M Treasury
The Sandbox, a decentralized gaming platform, has launched its decentralized autonomous organization (DAO) called Sandbox DAO, which aims to increase transparency and community involvement. The initiative will be rolled out in three phases, with the first phase allowing community members to vote on Sandbox Improvement Proposals (SIPs) while the company still manages some operations. The second phase will see the DAO move towards self-reliance, and the third phase will mark a complete shift to community-driven governance. The Sandbox has assembled a leadership team to guide the transition, and community members who own at least 5 SAND or 1 LAND can vote on initial SIPs starting from May 28.
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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