Over 840 LAND NFTs to go up for sale on Coincheck marketplace

A total of 846 plots of LAND on the virtual world platform The Sandbox will be up for sale on the Coincheck NFT (beta) marketplace at noon on August 15 (Japan Time).

This batch of LAND – virtual plots of land on The Sandbox in the form of NFTs – were earlier acquired by Japan-based Coincheck. These will be up for sale on Coincheck’s NFT marketplace, each priced between 1,800 and 2,400 SAND. SAND is a crypto currency used within The Sandbox. 

The 846 LANDs are located near Oasis TOKYO, a virtual city that Coincheck is building based on imaginations for 2035. Various event facilities, including a museum and a stage, will be built in a cityscape reminiscent of Japan to provide a space for artists, fans, communities and corporations to interact. 

The Sandbox allows users to create avatars, buildings and other items in the metaverse. Demand for LAND has been increasing due to growing interest in the metaverse and a cap on the number of LAND available, at 160,000 pieces. 

In March, US news magazine Time listed The Sandbox as the 100 most influential companies in the world, along with NFT marketplace OpenSea and Meta (formerly Facebook).

Apart from Oasis Tokyo, Coincheck is also creating Oasis KYOTO, a near-future city in 2035, on the VR platform Decentraland. It also launched a project in July to build a metaverse city “Oasis MARS” on “Otherside,” a metaverse project developed by Yuga Labs, which is involved in the popular NFT collection Bored Ape Yacht Club and Animoca Brands, which owns The Sandbox.