The Sandbox has launched its decentralized autonomous organization (DAO) with a 25M SAND treasury, allowing SAND and LAND owners to vote on platform projects and propose improvements, enhancing transparency and community involvement.
The new DAO will allow SAND and LAND owners to vote on platform projects, aiming to enhance transparency and community involvement.
Phase one begins May 28 and will enable the community to vote on SIPs; however, The Sandbox staff will still manage some operations.“The Sandbox DAO enables the community to help shape and drive the platform's growth and ecosystem. From determining how we allocate critical funds to the next Game Jam theme, community members will have a say in how this platform evolves and where the business focuses its time.
The Sandbox team also announced a leadership team composed of a council and advisers to help guide the DAO. The Council is set to work with trusted partners to help develop the DAO, while advisers are positioned to provide guidance and expertise. When asked how the Council will stay accountable to the community in their roles, The Sandbox told Cointelegraph:
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