SANDBOX Deployed LAND to Polygon, More Benefits Coming?
2022.06.30 02:06
SANDBOX Deployed LAND to Polygon, More Benefits Coming?
- Sandbox announced the deployment of LAND to Polygon.
- There will be an upcoming launch of LAND sales and LAND staking on Polygon.
- The purpose of the deployment is to increase interoperability between the Polygon and Ethereum blockchains.
The Sandbox, an open-world sandbox game developed by the game studio Pixowl, has announced the deployment of LAND to Polygon through a Polygon Bridge. The purpose behind this deployment is to increase interoperability between the Polygon and Ethereum blockchains.
We are ready to deploy LAND to @0xPolygon
Each LAND bridged grants a 10 mSAND cashback!LAND multipliers on both mSAND staking programs are back!LAND sales and LAND staking features (on Polygon) are coming soon!
BRIDGE NOW https://t.co/jlcSKxuBWh pic.twitter.com/1tuAAsqEZP
— The Sandbox (@TheSandboxGame) June 28, 2022
For ease of transfer of tokens between Ethereum layer 1 and Polygon layer 2, the Polygon Bridge is built on top of the Ethereum blockchain as a Layer 2 scaling solution that uses a Proof of Stake (PoS) mechanism. This will bring the users to expect less of the layer 1 frictions such as faster transaction speed, fewer gas fees, and greener interactions on the blockchain.
As part of the deployment feature, SAND users will be able to benefit from a LAND multiplier based on the staking. Users need to stake their SAND in the two staking programs which are to purchase a LAND in LAND sales and transfer their assets to the Polygon network.
Creating a custom bridge will allow users to quickly transfer their LAND and SAND, and sooner or later, users will be able to transfer ASSET and experience tokens to their smart contracts on the Polygon network. Using the bridge doesn’t interfere with anything else. It’s only moving the tokens from one blockchain to the other without changing the supply, value, and utility.
A LAND is a digital real estate in The Sandbox’s metaverse. LAND is a unique, non-fungible ERC-721 token while SAND is an ERC-20 token. They are both built on the Ethereum blockchain. While SAND is used for buying and selling from the Sandbox’s marketplace, LAND is mainly used by game designers to build digital experiences.
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