The Sandbox plans to launch DAO to manage the metauniverse business before the end of the year

It is reported that Sebastien Borget, the chief operating officer of The Sandbox, said that the future of the metauniverse platform is in the hands of individual creators rather than corporate brands. Sebastien Borget said that The Sandbox plans to launch DAO by the end of the year and will make decisions such as grants through the SAND token vote.

Interpretation of this information:

The message conveys the idea that The Sandbox, a popular metauniverse virtual world, is shifting its focus towards individual creators instead of relying on corporate brands. This move highlights the growing importance of community-driven initiatives in the digital space.

Sebastien Borget, the chief operating officer of The Sandbox, emphasizes that the future of the platform lies in the hands of individual creators. This statement suggests that the company recognizes the value and potential of individual creators and their ability to bring fresh and unique content to the platform. By empowering creators, The Sandbox aims to promote diversity, creativity, and innovation, which could lead to the emergence of new and exciting experiences in the virtual world.

To strengthen its commitment to decentralization and community empowerment, The Sandbox is planning to launch a DAO (decentralized autonomous organization) by the end of the year. A DAO is a digital organization that operates through rules encoded on a blockchain, enabling decision-making and governance on a decentralized basis. This move towards a DAO suggests that The Sandbox is committed to promoting a democratic and decentralized decision-making process, with members of the community having a say in how the platform develops and evolves.

Moreover, The Sandbox will make important decisions such as grants through the SAND token vote. SAND is the native token of The Sandbox, and holders of SAND will have the opportunity to vote on important decisions that shape the future of the platform. This process ensures that the community has a voice in how The Sandbox evolves and develops, promoting transparency and inclusiveness.

Overall, the message implies that The Sandbox is taking bold steps to promote community-driven initiatives and move towards a more decentralized and democratic approach. By focusing on individual creators and empowering the community through a DAO and SAND token vote, The Sandbox is positioning itself at the forefront of innovation in the metauniverse. This approach highlights the growing trend towards decentralization and community empowerment, and we can expect similar initiatives to emerge in other digital spaces.