Source: Nftplazas / Russell
Highly immersive voxel universe, The Sandbox, has introduced a new staking pool just for LAND owners. As a result, ramping up the ever-increasing utility of its versatile real-estate tokens.
Through the initiative, The Sandbox looks to reward those with a significant investment in the game. Therefore, adding enhanced earning for folks holding LAND within their associated digital wallet and allowing them to earn more $SAND rewards than ever before.
To get involved, users will need to own at least one LAND token residing on the Polygon Network. Then, The Sandbox will auto-detect its presence and apply the preferential APR calculation to their stake. However, the additional rewards will only apply to 500 $SAND staked per LAND held.
For the first 12 weeks, The Sandbox has reserved 3m $SAND which it will distribute once a week in batches of 250k $SAND. Those without the coveted assets however, can continue to invest their tokens in the standard staking pools.
Since the announcement, sales of the asset have spiked, seeing a floor price rise approximately 50% from just under 1 ETH per LAND, up to an impressive 1.5 ETH.
Grab your dose of The Sandbox LAND >> Here
Want more? Connect with NFT Plazas
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.