Over 110 LANDs and 220 avatars are launched in the largest IP-rich auction by The Sandbox, powered by GBM's Win-Win protocol. The auction precedes The Sandbox's platform sale, reflecting a new marketplace approach for LAND. The GBM model rewards all participants, ensuring that even outbid bidders receive refunds and incentives. This auction reshapes traditional sales by promoting engagement over competition, aiming for true price discovery and enhancing trust in Web3 native asset distribution. It serves as a new blueprint for branded asset distribution in the metaverse.
With GBM's Win-Win auction model, even outbid participants are rewarded. Every bid is fully refunded if outbid, comes with an incentive reward based on auction mechanics, and contributes to true, onchain price discovery.
The Win-Win model flips the typical auction dynamic on its head. Instead of punishing latecomers or smaller bidders, it turns participation itself into a value-generating act, transforming auctions from winner-takes-all battles into high-engagement, trustless events.
This is the biggest LAND and avatar sale we've hosted with The Sandbox, and a blueprint for how branded assets should be distributed in the open metaverse.
Their Win-Win Auction model offers a new, gamified way for people to enter the ecosystem and build the metaverse with us.
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