The Sandbox, a leading blockchain-based virtual world, has introduced an improved Catalyst system, revolutionizing the way assets are minted and defined. The new Catalysts (CATS) are ERC-1155 tokens on Polygon Layer 2, replacing gems as the essential tool for minting.
📣The Marketplace is now open to everyone, introducing an improved CATALYST system.
💠The first CATALYSTs made available last week were just an early launch.
More CATALYSTs will be released soon
Check out more in this article 👉 https://t.co/SBBLTJvCW0
Or read on👇🧵— The Sandbox (@TheSandboxGame) December 20, 2023
CATS empowers creators to mint their published assets, monetize their collections, and sell their creations. Each CATS token allows the minting of one copy of an NFT. The system offers five tiers of CATS, from Common to Legendary, each determining the rarity of the asset it is minted with. For equipment only, it also grants a fixed amount of points to distribute between different attributes that will enhance gameplay.
The introduction of CATS is part of The Sandbox’s ongoing commitment to fostering creativity and trading expertise for expansion. The Sandbox has been successful in partnering with famous companies in the gaming and blockchain industries, such as Atari and Adidas.
The Sandbox’s Exclusive CATALYST Distribution
A total of 92,500 CATALYSTS have been made available to LAND Owners, which constitutes 85% of the total distributed supply to date. LAND Owners are given until 2 pm UTC on December 28, 2023, to claim their CATALYSTs. The allocation of CATALYSTs to each LAND Owner is based on a specific scoring system. The total score for each LAND Owner is calculated based on the number of LANDs they held at the time.
On November 30th, approximately 16,200 CATALYSTS were distributed to Creators who have been part of the Creators Fund since 2021 and Trusted Partners who have been part of the Partner Program since 2022. This constitutes 15% of the total distributed supply to date.
The distribution was made to 210 active artists from the Creator Fund and 35 Trusted Partners who expressed interest in participating in the initial giveaway.
This is just the initial launch. The availability of CATALYSTs is being gradually increased to maintain the exclusivity and utility of each tier. The circulating supply of CATALYSTs will fluctuate as some are burned and more are released into the ecosystem.
