Trying to construct a wider ecosystem for creators, the newly-formed SANDChain Basis has introduced its SANDchain.
This can be a new Ethereum-based L2 blockchain constructed on the ZK Stack from ZKsync, which shall be formally introduced on 1st October on the Token2049 convention in Singapore.
The SANDchain testnet will then launch on Tuesday 14th October, with its mainnet anticipated to go reside someday in 2026.
After all, because the identify suggests, the launch product for SANDchain shall be Animoca Manufacturers’ UGC game-making platform The Sandbox.
Though the 2 initiatives are legally impartial, there stays plenty of overlap, most clearly the function of Sebastien Borget, who in addition to being a co-founder of The Sandbox is the worldwide ambassador for SANDchain.
Nonetheless, in addition to The Sandbox, the SANDChain Basis says that many different manufacturers and initiatives may even be launch companions, together with Metalympics, Forge, LimeChain, HalbornTalentir, Web3 Honey, Jared Dilinger, KZ, BabyYors, Alex Florez, and Pandapops.
Expertise suppliers together with Sequence, EigenCloud, Caldera, Prepared Participant Me, Hashcase and Request Finance may even assist, as will Animoca Manufacturers’ IP reminiscent of Mocaverse and Cool Cats.
By way of what SANDchain really does, there shall be three important layers.
SANDpoints – these outline the status and loyalty of customers,
Creator Factors – these outline assist and token allocation for particular person creators, and
Creator Tokens – blockchain tokens paired with SAND that are issued by creators to their followers.
As well as, customers will be capable of make investments SAND and USDC tokens in creators through Patron Vaults, by which creators can generate loans, which creators will be capable of entry as they accumulate web2 earnings into Creator Vaults, by connecting channels reminiscent of YouTube, Instagram, Twitch and TikTok. It will allow the calculation of predictable mortgage repayments.
On this method, SANDchain hopes to unravel points reminiscent of inconsistent payouts, restricted entry to funding, and opaque income methods by its onchain platform which can higher align the objectives and synergies of creators and their followers.
“The Sandbox has empowered a worldwide group of creators, and SANDchain builds on that basis to create a devoted financial and engagement layer for creators throughout any platform, together with YouTube, Instagram, TikTok, AppStore, Google Play Retailer, Steam, Roblox, Fortnite and The Sandbox itself,” commented Borget.
“By rewarding loyalty, we’re reworking followers into energetic members in tradition and paving the way in which in direction of a Creator Nation that’s constructed, owned, grown, and funded by its creators and supporters.”
You will discover out extra on the prelaunch SANDchain web site or by studying the whitepaper.
