The Sandbox’s Parent Company Animoca Brands Joins DROPP LAND Metaverse

Animoca Brands Joins DROPP LAND Metaverse

DROPP LAND has announced the investment of Animoca Brands, the parent company of The Sandbox, in DROPP LAND via Twitter on February 22.

Animoca Brands is a company based in Hong Kong that focuses on blockchain gaming, NFTs, and digital property rights for the open metaverse. It is a pioneer in blockchain and gamification with a mission to deliver digital property rights to online users.

Having recently raised $360 million in a funding round, Animoca Brands is now valued at $5.8 billion. It is the parent company of The Sandbox, including the SAND token, and among its more than 150 investments there are many notable names such as Axie Infinity, OpenSea, and Dapper Labs. Animoca Brands also offers several products based on popular intellectual properties such as MotoGP, Formula 1, Disney, WWE and Doraemon.

What makes Animoca Brands unique in its field is its broad and diverse selection of investments, ranging across the entire spectrum of NFT-related projects. In addition to blockchain gaming and metaverse plays, the company also has investments in DeFi, infrastructure, esports and art to name a few. This investment strategy has established a wide ecosystem and network effect for the company, which has played a significant part in its success.

Yat Siu, the executive chairman and co-founder of Animoca Brands, commented: “DROPP is melding our reality with AR technology through DROPP LAND, and offers exciting new features such as geo-based minting of exclusive NFTs. We are eager to see what DROPP will bring to the metaverse space.”

About DROPP LAND

DROPP LAND itself is the first social metaverse land mimicking the real world using unique Dymaxion Projection. Users can purchase virtual plots as NFT tokens where their counterpart is actually in the physical, real world. Each land becomes a promotional portal for their business, idea, or brand, and users can add liquidity and stake their LAND to unlock $DROPP token rewards!

Their land staking on DROPP will allow us to cement our commitment whilst granting us the following Land Utilities:

1. Landowners will have access to purchase the gallery module where landowners will get airdrops from DROPP COLLECTION NFT to act as a seller and receive commission on every NFT sales transaction.
2. Landowners will be granted the capacity to stake native tokens, with the amount of tokens dependent on the size of their land. For example, on large land, users have the ability to stake 100K USD worth of tokens.
3. The land will give access to early NFT minting based on specific regions. For example, if they drop a Nike NFT collection in LA, all landowners residing in the LA region will get early access.
4. They will commence with small batches every month with their unique selection of districts, which will have unique landmarks owned by their collaboration partners and investors. They will be announcing the partners and whitelisting for each district.
5. Every month, since they have a lot of top-tier NFTs, they will conduct exclusive airdrops for lucky landowners e.g an NFT worth 10k.
6. Users or brands that wish to drop NFT collections on our land will need to pay us fees to use our land.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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