The Sandbox has introduced CATALYST tokens on Polygon, replacing gems in NFT minting. These ERC-1155 tokens enable users to mint, monetize, and sell creations, enhancing platform capabilities.
In a significant move within the metaverse, The Sandbox introduces CATALYSTs, ERC-1155 tokens aimed at empowering creators.
These tokens enable users to mint ASSETs with defined rarity and properties across five tiers.
The all-new CATALYSTs tokens on Polygon Layer 2, serve as a replacement for gems in the NFT minting process. These ERC-1155 tokens also empower users to mint, monetize, and sell their creations, ushering in a new era of enhanced capabilities within the platform.
We’re excited to introduce CATALYSTs 💎 a new ERC-1155 token designed to empower creators on our platform.
The new CATALYST token will allow their owners to mint ASSETs and define their rarity & properties according to different tiers.
Learn more 👇https://t.co/b7UyGSvvoQ
— The Sandbox (@TheSandboxGame) December 10, 2023
With CATALYSTs, users also gain the ability to mint their published ASSETs, allowing for the monetization of their collections.
Moreover, each token corresponds to one copy of an NFT, and users can mint multiple copies based on the number of CATALYSTs in their wallet, with token required per copy of the ASSET.
The CATALYSTs system introduces five distinct types, each influencing the outcome of the minting process:
- Legendary
- Epic
- Rare
- Uncommon
- Common
The type of CATALYSTs used determines the rarity of the resulting ASSET. For equipment-based NFTs, CATALYSTs also provide a fixed amount of points that users can distribute among different attributes, thereby enhancing gameplay.
Notably, CATALYSTs play a pivotal role in determining the rarity and performance enhancement of minted equipment.
They also hold Attribute points that users can allocate to Power, Defence, and Speed, with the Tier of each token determining the number of Attribute points awarded.
Thus, this innovative feature adds a dynamic and strategic layer to the minting process, offering users a more engaging and customizable experience within The Sandbox platform.
See Also: Coinbase Lists SEAM Token as Airdrop and Liquidity Mining Program Begin
How to Get Your Own CATALYST Tokens
The Sandbox will introduce CATALYSTs through a strategic distribution to ecosystem contributors, enhancing the engagement of its community. The distribution is as follows:
December 14, 2023: As a gesture of appreciation to all LAND owners, CATALYSTs will be gifted. A snapshot will be taken on December 11, 2023, at 12 pm UTC to determine eligibility for all LAND owners.
Winter Event Rewards: In addition to SAND rewards, LAND owners who fulfill the Winter Event requirements will also receive CATALYSTs.
This initiative aims to recognize and reward active participants in The Sandbox community, providing an extra layer of value to contributors during the festive season.
The introduction of CATALYSTs through this distribution underscores The Sandbox’s commitment to fostering community involvement and enhancing the overall user experience within its virtual ecosystem.
The Sandbox is a virtual gaming platform utilizing the Ethereum blockchain, enabling players to generate, possess, and monetize their gaming experiences through its utility token SAND. Users can design voxel assets, transform them into Non-Fungible Tokens (NFTs), and subsequently introduce them to the Marketplace.
See Also: Bitcoin Plunged To Near $40K Before Pullback, Is Correction to $39,000 Likely?
Throughout its existence, The Sandbox has formed partnerships with notable brands such as Warner Music Group, Adidas, Gucci, Atari, and Snoop Dogg, all of whom have made investments in virtual lands on the platform.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
