The Sandbox Announces $SAND Bridge to Binance and Base Blockchains

LOS ANGELES, CA — July 10, 2024 — The Sandbox, a leading decentralized gaming platform and a subsidiary of Animoca Brands, announced today a significant development in the evolution of $SAND, the platform’s native token. In a strategic move to enhance utility and expand reach, The Sandbox is bridging $SAND to two of the largest blockchains: Binance Smart Chain (over one million daily active users) and Base (nearly three million active users). These bridges come in addition to the existing Polygon bridge (almost five million monthly active users) — which has been deployed on the platform for two years. LayerZero, an omnichain interoperability protocol that acts as a messenger between blockchains, is facilitating the bridge.

Rolling out in the coming weeks, these new bridges pave the way for a new era of interoperability and growth for The Sandbox platform and its users.

More than just a technical update, this move looks to the future of The Sandbox platform and the broader blockchain ecosystem. By pioneering a vision of interoperability and bridging $SAND to multiple chains, The Sandbox is setting a new industry standard. This decision enhances the token’s utility for all holders, opens new possibilities for a wider audience, and attracts users into the metaverse through cross-chain versatility.

This cross-chain initiative aims to attract more players to the platform, driving overall growth and engagement. Notably, $SAND holders will have the opportunity to use their tokens, acquired either in-game or through secondary market purchases, for transactions on other compatible blockchains.

At the time of writing, we have integrated SAND with the following chains:

• Binance Smart Chain: Binance Smart Chain represents the largest blockchain by daily active users with over 287K weekly active gamers. This bridge will allow us to reach new audiences worldwide, introducing them to SAND and The Sandbox’s immersive experiences and creation tools.
• Base: Base is empowered by the Coinbase platform which commands over $130B worth of assets on its platform. This bridge connects $SAND to the Coinbase audience in a more integrated and rewarding way.
• Polygon: With over 2.44B transactions and 219M unique addresses The Sandbox’s existing integration with Polygon has proved to be wildly successful. The decision affords users near-zero gas fees, leverages their assets on the most widely used Ethereum scaling ecosystem, and aids in the fight against carbon emissions as Polygon is carbon neutral.

Our new bridges, to Binance Smart Chain and Base, have been facilitated by LayerZero, an interoperability protocol that connects blockchains, allowing developers to build seamless omnichain applications, tokens, and experiences.

We hope that this is just the beginning and that more chain expansions will take place in the future.

“No matter which blockchain you are using, $SAND should be available to use with your favorite games or other use cases,” said Sebastien Borget, COO & Co-Founder of The Sandbox. “SAND is one of the Top Ten Gaming tokens according to CoinMarketCap, and having it available across multiple blockchains is a way to bridge audiences into the creative possibilities of the open metaverse.”

By offering more flexibility and connectivity, The Sandbox sets the stage for a vibrant, interconnected ecosystem where creativity and engagement can thrive across multiple platforms.

About The Sandbox

The Sandbox, a subsidiary of Animoca Brands, is a leading Web3 virtual world platform whose major partners include Adidas, Warner Music Group, Snoop Dogg, Gucci, The Walking Dead, Deadmau5, Atari, Rollercoaster Tycoon, Care Bears, The Smurfs, and more. The Sandbox offers players and creators a decentralized and intuitive platform to create immersive 3D worlds and game experiences and safely store, trade, and monetize their creations. For more information, please visit www.sandbox.game and follow for regular updates on Twitter, Medium, and Discord.

About Animoca Brands

Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification. The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, and Lympo. In addition, Animoca Brands has a growing portfolio of more than 150 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information, visit www.animocabrands.com or follow on Twitter or Facebook.