CoinVoice has recently learned that, according to Cointelegraph, the metaverse platform The Sandbox has announced a partnership with GBM Auctions to launch its largest LAND auction ever. This auction includes 110 virtual land plots (including 4 exclusive estate plots) and 220 virtual avatars from 22 IP brands, and all assets will be distributed through GBM's 'win-win' auction agreement.
This auction adopts an innovative model where unsuccessful bidders can receive incentive rewards, aiming to change the traditional NFT sales model. The auction starts on July 15 and lasts until July 22. This is the first time The Sandbox has publicly auctioned assets on the platform prior to sale, marking a significant shift in its asset distribution strategy. [Original link]
