Exclusive Interview with THE SANDBOX Co-Founder Sebastien Borget | KBW2023

[Music] we're seeing like quite like Fast iteration in the nft space like myself I've been an entrepreneur for over 16 years I've never seen such a fast pass of experimentation adoption and then uh already like if people already seeing the limits of certain model so it is still an asset space with over like 100 million wallets as an audience things are being tested experimented quite fast uh we're seeing that like the tenancy of like nfts that were just based around like collectibility around just aesthetic or profile picture I've already gathered less attention and now like the audiences are more focused around like utility like how those digital assets that people own and both and own will be utilized in a meaningful Manner and not in two years five years Etc that's been one of the first Challenge and that's why I believe sandbox has an advantage as we've been building the platform first before introducing the our first nfts like lands or avatars I feel as well like users are still looking for different original experiences and games but not necessarily only games and nft alone isn't conveying that like it's part of a whole so we have to develop like satisfying application games or Virtual Worlds or platforms that will deliver like truly meaningful social immersive experiences based on this notion of true dish ownership that nfts were present and that's also why I like we've been so focused on Sandbox on free aspect one is like delivering great creative products or free editor and our game maker and regularly updating them the second is like providing great content that comes from both like our partnership with is over 400 Brands around the world focusing in entertainment like music fashion sport gaming Etc and also user generation content with Euros energy content you never run out of content you never run out of inspiration and I'm sure like there's already someone somewhere in the world that's doing going to create the next eat on Sandbox platform where we are not expecting it and the third part is like that ecosystem we need to prove that we're not building in the same way in the same centralized manner but we're enabling others to become successful leveraging the tools and the digital asset that we provide [Music] foreign box and all the information is actually publicly available and monitored and verified by several Services security and auditing companies as well as all the key exchanges where sandboxes and the sand token the UTI token of sun platform is being listed actually some token is one of the most globally available token is listed here in Korea on a bit on bitum it's listed in Japan it's one of the very few only 20 tokens that's been approved in Hong Kong is one of the 18 cryptocurrencies that have been approved recently as well but also in the US on coinbase and Europe that means like we've been going through all the verification process around like the governance around around like how the token release schedule that was announced on the the white paper is actually being followed and so yes there are a lot period every six months of the token and actually if you look at them and we have released less token on the market than actually the what the maximum and what's more important is also like not just how will the supply of the token will increase but also how the demand will be driven and the Germany is um driven by utility the fact that we continuously release new product update that new brand coming like new uh content is being released from like Avatar collection land sales and soon also the opening of The Creator economy where anyone can start to design their own content meet them on the marketplace and sell them I think that once this is in place this year like everyone start to realize like how the Creator economy can keep growing over time and drive even more demand for some so we've made a decision about a year and a half like that we would be moving to a layer two which is a polygon since then we've indeed uh Advanced so among all the different digital assets on Sandbox lens is already a bridge to what polygon as a user you can decide to actually it works both ways so you can Bridge your lands towards polygon or backward to ethereum we're in the process of migrating all the assets the 3D content made with our Editor to our polygon and once ready hopefully in less than two months then you will be able to we will be open to open the marketplace for Creator kicking the Creator economy and avatars have been already minted on polygon as well so we've been aware quite early on of like the limitation of what the layer one could bring and that's why we chose polygon by then multiple Trends appearing the first one is like really the importance of the Avatar as your digital identity the Avatar is like really easy entry points into the meters so you choose how you would look like and it should be an nft so that's why we launched already more than 16 official collection from Steve Aoki parisilton or rabbits or cut the Rob recently Elvis Presley among others they are like uh usually a collection of two thousand three thousand unique Avatar that you can use to express yourself and they always come with something different not just on the appearance but on their abilities their animation or emotes or and new mechanics that being introduced so uh that creates a virtual world where like we're connecting and meeting with other players with all have different appearances which is not just humans but all sort of Creator that's very unique in itself the second Trend we're seeing is like the sandbox has redeveloped a great strength throughout this the creating virtual neighborhoods on the map and those virtual neighborhoods are not only connected to thematics like music which we we launch infinite builds and we brought like 20 major both web 2 and like learner music or web free brands in the space all together as virtual neighbors but also cultural by region of the world that's one of actually our great strands like we go in region that haven't yet been so approached yet by web free or empowered by it like India with Paradox like turkey with Turkish verse which just sold out completely or Curry up with cavers we're already like introduced a second neighborhood and through that concept of neighborhood we bring together like both major brands from I don't know music levels celebrities and new project web free communities we make them become virtual neighbors and we'll load end users to also own a piece of that world there and start building their experience it's really a new I would say a new social layer for Discovery it's very different to browser map and access content based on sort of neighborhoods than like traditionally like browsing ipicones or Australia or like an app store or browsing the web via search engine well we like surprise and um I'm excited that every day I I check over social media I check what's happening on the map and there's a lot of like original contents that's being made by creators so empowering people empowering a new uh kind of Creator to use our tools and express their ID make them come to life I think that brings a lot of diversity a lot of content that you cannot find on other platform and progressively makes really sandbox a place that brings like people who share common passion people who want to use the main levels to express the ID to support uh I don't know what their values causes around positive impact sustainability environments giving to Charities Etc and it's very different than one you will find on all your mobile app store or on like PC game store and progressively I hope that the risk will lead towards like more and more of that content showcasing that there is possibilities for anyone to become a Creator new creators new ideas new form of experience that are Avatar Centric and we're all inventing a new model a new form of entertainment based on that and within 10 years at the pace at which we upgrade our game maker I think more multiplayer capability adding more gameplay rules so not only you can create like social hubs but also like a buckle game but Royal games horror Games Etc and also going a bit deeper into the way that avatars which are digital identity are going to interact with each other the way like we dance we say hi to each other we light a light stick like in Korean concert when we listen to our favorite artist music and so on that we hug each other we dance together as Etc we really want to push further this kind of interaction to show like How Deeply social our body movement or remote will Define where we express and we connect with other in those Virtual Worlds