Ethereum gaming metaverse “The Sandbox” is building their very own Ethereum L2 called SAND Chain.
According to their website, the network will be developed using the ZK stack, and aims to become the hub for creators to manage communities and monetize content seamlessly.
The network will be fueled by 3 main drivers of value, which include SANDpoints to represent user’s on-chain reputation and loyalty, Creator Points to incentivize builders and Creator Tokens that are tied to a creator’s brand value.
A testnet launch is scheduled for October 14 where SAND will be the native gas token powering this upcoming L2.
$SAND holders will be able to gain early access to new features in the Sandbox ecosystem and stake their assets to earn rewards.
Since the news, SAND is up by 5.0% from $0.261 to $0.274 today.