Dec 18, 2023 Frank Stewskid
What Does The Sandbox's Integration with Polygon Mean for the NFT World?
The Sandbox's recent move to launch its NFT marketplace on the Polygon network heralds a significant shift in the blockchain and gaming sectors. This transition primarily targets the challenge of high transaction fees on the blockchain. By leveraging Polygon's Ethereum-based chain, The Sandbox significantly reduces these costs, opening its NFT metaverse to a wider audience and enhancing the potential for NFTs.
How Are Creators and Users Benefiting from The Sandbox Marketplace on Polygon?
The new marketplace introduces considerable user interface improvements, focusing on making the platform more intuitive and enjoyable. This includes an enhanced asset upload flow, updated workspace ASSET status, and new moderation processes. Additionally, the integration introduces CATALYSTs, ERC-1155 tokens on Polygon Layer 2, enabling creators to mint and monetize digital assets. These tokens have been distributed to LAND owners and are available on secondary markets like OpenSea, broadening their accessibility.
Operational Aspects of The Sandbox Marketplace on Polygon
The marketplace's operational framework has been crafted to ensure a seamless transition and usability. Digital assets originally created on Ethereum remain accessible within the marketplace, with future plans to enable their bridging to Polygon. The platform has also adapted its system for non-minted "Workspace" digital assets to align with Polygon's structure.
What New Opportunities Does The Sandbox Marketplace Offer?
One of the most significant features of The Sandbox's marketplace on Polygon is the introduction of secondary market transactions. This capability allows users to resell assets they did not initially create, thus enhancing the scope of digital asset trading. To commemorate its launch on Polygon, The Sandbox has unveiled a special NFT collection from 30 artists of its Creator Fund, showcasing a diverse array of styles and genres, further emphasizing the marketplace's commitment to creative diversity and innovation.
Additional Resources and Support
In its commitment to user and creator support, The Sandbox provides comprehensive tutorials and resources. These include guidance on using VoxEdit for creating and uploading digital assets to the marketplace, designed to help users navigate the new features and maximize the opportunities presented by the Polygon integration.
