Hello everyone, Lancer here, Sandow Podcast,
episode 71. We are 71 in. Today we'll be doing
a review of the Sandbox DAO from 2024 when it
started, all the way to 2026 to now when it has
paused. The scope of the talk today is a review.
While I do a little bit of refilling here. Today
is a review of all the sandboxed out and a bit
of a, like a documented archive. Now I'm not
sure if the sandboxed out itself, like the tech
stack will go offline and disappear from public
view, similar to the YouTube channel. You can
stand podcasted. This is a video to help preserve
that, because the sandbox style was a big success
for what it was, and I'd like to pay homage to
that. So, got my blueberry wine, and let's roll
right into this. I do not represent the Sandbox
Game or the Sandbox Foundation. I am not your
financial or legal advisor. Nothing I say is
to be taken as financial or legal advice. When
I use the word SIP, I'm talking about the Sandbox
Improvement Proposal. When I say the word DAO,
I mean Decentralized Autonomous Organization.
If you ever hear me say the word SanFam, I'm
talking about the Sandbox community, those who
participate in the people, product, and purpose
of the Sandbox ecosystem. That ecosystem looks
a little bit like this. We covered it originally
in episode 31. And the people side... You have
everywhere from the gamers to the Sandbox team.
The product side, you have everything from the
game client to the DAO itself. Purpose is what
was originally mentioned in the 2020 white paper
and expanded upon by the co -founders and CEOs
of the leadership for Sandbox and Animoca. That
equals the ecosystem. It goes round and round
every single day. Today's episode will be about
the DAO itself. And because this is one of the
final episodes of the Sandbox DAO and the Sandow
podcast itself, here is an alternative view,
something I did originally brief in episode 31,
which kind of shows it from a different lens,
how the products all flow into the product side
and the white paper flows into the purpose side
and the people all flow into the people side.
There's Sandfam right there. and the ecosystem
in the middle if you'd like to learn more about
the sandbox dow you can go to the dow education
hub and the sandbox map play a gamified version
of it location is 2 comma negative 154. it's
down in the lower left hand corner where jurassic
world is if you go to jurassic world and then
you head up to the top right of Jurassic World
there, you'll see Sandbox DAO, and inside that
is the gamified version called the DAO Education
Hub. Check that out. It was a result of one of
the request for proposals that went out a little
bit. MetaWorlds didn't win that one, and we produced
the DAO Education Hub. Everywhere from learning
about the set process to all the cool stuff about
the DAO. I'm your host, Lancer. And I run the
MetaWorlds team. We've been landowners, avatar,
and we're a studio within the Sandbox game where
we've produced three different experiences. The
Floor Droppers, which was in Alpha Season 5,
I believe, and it was in the top 10 of a major
contest. And also Lava Defense, which was a GameMakers
Fund 2024 awardee. And then DAO Education Hub,
which was a SIP winner for the Sandbox DAO. All
right. So what is the agenda today? We have three
agenda items. We're going to review the Sandbox
DAO timeline. We're going to review the Sandbox
DAO structure and budget. And we're going to
review all 39 SIPs on Snapchat. So for number
one, Reviewing the Dow timeline. That's going
to start with when the Dow was originally announced.
May of 2024. This Medium article. This Medium
article right here. Two years ago. It seemed
like such a long time. And then there was the
NFC Lisbon. Here is this one here, which was
that original announcement with Sebastian Bourget,
Cyril Forte. Cyril Forte is the DAO administrator
for the Sandbox DAO. So they announced the DAO
at the conference there in NFC Lisbon, and all
the sips came online. It was a big grand entrance
for the Sandbox. And, yeah, that's what began
everything. And then, if we can, we'll cover
our ending interviews with Cyril Forte back in
episode... when I got to discuss a bit more behind
the scenes with Cyril about how is progressive
decentralization going and what his perspective
was on the relationship between the Sandbox Foundation
and the DAO. Covered a bunch of other things
that were really, really insightful and educational.
And it was definitely a long time coming. I really
enjoyed that episode with Cyril. All right, and
then also we just recently conducted an interview
with the co -founder and global ambassador of
the Sandbox, used to be the COO, Sebastian Bourget.
We covered what does a typical day in life look
like for him, what was his experience on the
special counsel, why they maintained such a low
profile the last one and a half years, and other
things pertinent to the Dow pause that led to
today's podcast. Take a look at episode 68 for
that. All right. And then, as I said, we'll review
DAO structure and review SIPs. And that will
be our review of the Sandbox DAO for the last
two years. So let's first delve into the Sandbox
DAO timeline. Just kind of got to roll through
this because a lot of this stuff we covered in
previous episodes. So. The road to Dow. I've
been keeping this one up to date as I've gone
along. It used to be much bigger, but now I've
pared it down to today's episode. And this is
covering all the major events that happened since
the grand inception in 2024. All right, so the
first thing happened May 28th, 2024. It was Dow
was announced via a Medium article. All three
SIPs, five SIPs, but the founding SIPs were available
to vote that day. So what we're talking about
here is this Medium article, the Sandbox DAO
vote on the future of the metaverse. It came
out, and the vast majority of the Sandbox gaming
community most of us were gamers, had no idea
what a DAO was. So first we had to learn what
a DAO was. This article helped a little bit,
but mostly we still didn't know what the DAO
was by the end of it. So, you know, learning
who the council members were and the advising,
the advisory board, it was really, really helpful
to know like what they were trying to communicate,
but we still, most of us had no idea what a DAO
was. So that happened. And then we had SIPs 1,
2, and 3 come out. And those were SIPs 1, 2,
and 3 showed. And SIP 1 was introducing the Sandbox
DAO here. And we'll cover that later on in our
coverings of everything. SIP 2 was the Sandbox
Foundation. and SIP 3 was initial budget for
the DAO. All right, the first time they popped
DAO open, the SIPs accidentally counted, did
not count land voting power. It was only counting
sand voting power, so they had to resubmit it,
hence why it says resubmitted there at the top.
The initial reception to the May 28th was...
mostly negative because the community did not
feel involved in that announcement and i covered
that quite a bit which is the whole reason why
i launched the sandow podcast so episode one
began with a panel of some well -known community
members and so episode two and the first 10 episodes
were pretty much like what is this what is a
dow and talking different members trying to collectively
come to a a consensus on what it was that we
were being asked to do and so Yeah. Lots of confusion,
lots of frustration. A lot of the community members
did not feel like they were really being asked
to participate as community and voters, more
like kind of being strung along. That did improve
over time, but it did take quite a bit of time.
And it wasn't until really October when the new
communications manager came on, Bobby Kunta,
that that improved. So that was May 28th, 2024.
May 29th, SandboxDAO had that fireside chat at
NFC Lisbon. That was that YouTube video that
I showed there briefly of them showing, explaining
what the DAO was and all that sorts of things.
It was mostly a publicity type thing. And so
it didn't really clarify to the rest of the community
who was already familiar with the SandboxDAO
what exactly it was. So we just kind of had to
stay along for the ride and work within the confines
of this new and improved sandbox ecosystem, which,
as I showed y 'all earlier, was these things
right here, right? But this one over here in
the DAO, it didn't exist. It didn't exist. So
no one knew really what it was. And then suddenly,
boop, there it is. And now it's part of our ecosystem.
I loved it immediately because the DAO to me
is the perfect combination of gaming, governance,
leadership, and business. And I loved all of
those things. So the DAO to me represents the
intersection of almost everything I love and
have a passion for. Hence why I've done 71 episodes
for the Sandow podcast, which is all about the
Sandbox DAO. Yep. So that was May 29th. Now,
June 13th is when SIFs 1, 2, and 3 were resubmitted.
So it was, you know, what's that, like 13 days
later? They had to be resubmitted to count lands.
Okay, so it was a little bit of a misstep, and
that caused a lot of frustration and anger. It
just kind of all compounded. All right, and then
June... That must have been June 1st. Excuse
me. So June 1st, it was resubmitted. Yeah. And
then also in June 1st, Mochaverse Hall, led by
GIsUs, hosts the first Sandow Twitter, Sandow,
Sandbox DAO Twitter space. So if we look over
here, here's X. Here it is. This is lore at this
point. Here it is, Mochaverse Hall. And they
have since discontinued that. And for a long
time, they were included on my Spaces portion
at the very end of every podcast. So you can
still see them grayed out over here on this slide
right here. But they discontinued that quite
some time ago. But for a while, they were one
of the main Sandbox DAO hubs and also Mochaverse
Hall hubs for community every week. But that's
no longer the case. So it was on a Saturday.
I was there. A lot of other people were there.
And we all were, most of us, including myself,
were like, what is this? What are we doing? What
are we doing here? What am I supposed to do?
But it did help a lot, talking to people about
what a DAO was, what voting was, what to expect.
And that's where I started learning how much
I would really, really love this. Yeah, Big Bull
responded back to it. All right. And then June
4th, the DAO hosts an AMA. And by DAO, I mean
the Sandbox DAO admin team and also the DAO Sandbox
game company hosts an AMA. They try to clarify
what's happening. Right in there, you can see
right below that, G is us. Here's his invitation
to their weekly discussion space. So there's
an AMA to try and clarify what this is and kind
of tamp down some of the anger that was happening
at the time. So then Dr. Metaverso hosts an AMA,
and it was more of like a community AMA. That
one helped clarify a lot of stuff. This one was
by Dr. Metaverso, who is a well -known voice
in the community. He asked a lot of questions
that the community were asking and try to clarify
a lot of stuff that, Oh yeah, there's, there's
my response two years ago, but a lot of stuff
that, um, that needed to be said and needed to
hear answers from. Uh, so it must, uh, the replay
bug must have, must have hit there. So we can't
really look at it. All right. So that was the
AMA that Dr. Manoverso had. And then June 13th,
here was when sips one two and three close they
all pass with a yes vote and that yes vote was
you know 89 93 and 64 respectively we'll go over
some details when we go over the over the over
the sips themselves later all right then fast
forward to september 10th Sandbox now opens up
delegation applications. And those delegation
applications was via forum and also like a Google
form where you could be you could submit to be
an official delegate. And each delegate was delegated
to million voting power that they could then
use on behalf of the community. So there were
12 delegates in all. I ended up applying, but
I didn't get accepted. I did get something else
later on as a domain allocator, but that wasn't
a delegate. All right. So people like KCL, Curchado,
MoFat, lots of people, lots of people applied
to it. I was super happy to see that happen.
So delegation opened up. A lot of people applied.
Ended up 12 people were selected. I interviewed
most of them during, like, Sandow 40 -ish, 50
-ish series. Interviewed, I think, 11 of the
12. And with each person being delegated to,
that meant 24 million voting power was in the
hands of the community, so to speak. Which ends
up being an important footnote for how the Sandbox
DAO was paused with the latest SIP. uh, in, uh,
39. So remember that for later. All right. Then
October 7th, Dow Edmonton posts an article on
the way ahead. They had originally, uh, there
were different ways they were doing things. I'll
go over that in the structure as to how it changed
from May to October, but they, they posted article.
And that article says, Um, we're going to update
the way we do sips. We're going to update the
way we do budgets. And I end up doing a whole
podcast episode on this. Uh, I can't remember
which one it was, but I went really, uh, hardcore
into this one because it was so different than
the way they were doing things up until that
point. So, uh, they clarify a bunch of stuff
and I just had a lot of comments. I'm still,
you can still see my comments here. From all
that time ago. I was a bit harsh at that point
in time because I felt different about how things
were being handled. I didn't have such an appreciation
as I do now for it. But I was very critical at
the time. And you can see that in my podcast
episodes when I did those updates. Especially
when I did an episode on that article just by
itself. All right, and then October 14th, 2024,
the DAO admin team announces their new communication
manager, Kunta. And this is when things really
started to turn around. All right, so Kunta,
they have Cyril made the post, October 2024.
This is like May, about six months after the
DAO starts. Bobby Kunta comes in. He does an
intro post, introducing himself. and it was very
well received. We really loved that. He instantly
got to work to clarify and really just... Yep,
so there's one of my responses. I was all over
that forums. So this was in the reporting where
Sarah would make frequent updates to the reporting.
So when that happened, they announced... Kanta
MC here. And here he is. The Kanta master himself.
Give him a like and follow. He did such a great
job. I was so happy to see his involvement. So
he got to work rebuilding trust instantly. Started
the Digging the Sand podcast. It ran alongside
mine, the Sandow podcast. Mine was much more
free in its ability to talk, but he did such
a wonderful job in showing the behind the scenes
that he was a major reason why my criticism turned
around to positive was because of his ability
to build bridges and show the other side of the
story when it came to the DAO admin team and
how the DAO was just kind of plopped in front
of us. And then we were forced to vote within
14 days or else we were left behind. So a lot
of us felt like we were being drug into this
rather than a community sourced and inspired
decision. Kunta did a huge, huge benefit to the
community by clarifying and building bridges.
So hats off to you, Kunta. You da man. All right.
A month later, then those 12 delegates were announced.
All right. And then they talk about here the
launch of the delegation page, which is still
up, although some of the old delegates who have
resigned are no longer there. But the 12 delegates
that are there now are still there. The only
ones that are new that I did not get to interview
was Batman and Shanti. The others I have interviews
for, all with the exception of Moe. He was the
only one from Animoca Brands that I wasn't able
to interview in the end. So they did announce
that the delegates were officially live, and
with that came the 24 million voting power. because
there were 12 times 2 million voting power for
Delegate. So that was a big step, and many people,
including myself, felt like that was a great
thing for them to do. All right, and then November
17th is when Digging in the Sand podcast released,
episode one. But guess what happened not long
ago? I noticed, and I think I mentioned this
in Sandow 70 or 69, that the video is no longer
there. The channel looks like it's been deleted.
So unfortunately, Digging the Sand podcast is
no longer there. It was wonderful, and I loved
it. And there are many episodes that I covered,
especially the first few. I covered them and
did a reaction video to them. I'll cover all
of this in the next episode when I do a review
of the Sandow podcast, whereas right now I'm
doing a review of the Sandbox DAO. So we'll gloss
over that part. Okay, that'll close us out in
2024. The rest of it, not really like road to
DAO type stuff. All right, 2025 happens. And
SIP 23 comes out, which was the 2025 budget and
strategic direction. We were supposed to receive
another... funding infusion of 15 million sand.
That did not happen, although there was a SIP
coming out talking about how we were going to
reallocate the budget. All right, that was a
major piece of legislation for the Dow, but it
ended up not being used because another endowment
wasn't ever sent. Also, that was a bit of foreshadowing,
let's call it. That happened in March. So we're
talking three months after the endowment was
supposed to happen, that SIP comes out, all right?
And then later on in March, SIP number 25 comes
out. And when 25 comes out, it's to establish
the Sam Muggs Dow grants program, which establishes
little mini budgets. And there were about five
elected domain allocators who were managers of
those budget. I was one of them, community engagement
domain. And I loved it. I thought it was great.
We were able to very quickly award the fast and
helpful projects that. move much faster than
SIPs did. All right, so that was another piece
of DAO expansion in our road to DAO. Yeah, it
was a big, big success in my opinion. They did
a post -mortem report on that, and Kunta did
this little breakdown here of 114 applications,
6 ,400 USDC, 230 ,000 unallocated USDC grants.
And 80 milestones were paid. 186 ,000 USDC was
paid out. Accepted 36 and 26 grants were completed.
It was a lot. Most of it was in mine, the community
engagement here. I had 54 that I received and
I accepted 15. So, you know, it was just, it
was a great, great thing. I loved it. I'm very
happy they did that. And I think it had the intended
effect they were looking for. All right, so there's
the postmortem, and there it is. Okay, I wanted
to zero in on mine. The grant application itself
had allocations and was able to push out quite
a bit. I think I did a podcast episode, I don't
remember which one, on this one. So, so it, you
know, I evaluated about 300, 342 ,000. I approved
16 grants and, uh, approved 71 ,000 USDC. I spent
the whole budget, $71 ,000 and we completed 15
of them. The 16 one was really a two parter.
Uh, so all 16 were completed, but one of the
15 was also the 16th because it was a dual grant.
It was great. 200 ,000 sand. All right, so that
was mine. Community education. There were four
others. It's a big deal. All right, that was
March. Now, fast forward to August. All right,
some bad news hits. The sandbox company gets
restructured, and those words come from the sandbox
company itself talking about... Where is that
word they use? Restructuring. There it is. They
use that word in their official announcement
here where they talk about a response to recent
news about changes where Arthur Madrid and Sebastian
Bourget stepped down as CEO and COO and they
become something else. Chairman and Global Brand
Ambassador. And the new CEO is Robbie Young,
who comes in from CEO of Animoca Brands. So restructuring
happens. Offices are closed down. Different presences
are reduced around the world. And we learned
later that Indonesia gets hit pretty hard. The
Korean sandbox Korea gets hit pretty hard. And
there's a lot of... It's not... It's not great
news, right? It's a foreshadowing of things to
come. That was August of last year in 2025. Then
in December 15th, at the end of last year, is
when Robbie Young does an AMA for what is next
for Sandbox, which he calls Sandbox 3 .0. I do
a number of episodes on this. 68, 69, 70, I believe.
So it's right, these right here, leading to the
sandbox DAO pausing. So 67, 68, 69, and 70. There's
a reaction, an interview, a SIP review of SIP
39, and then the update after the SIP closes
and it's passed. All right, so that happens in
the December of last year. And then in January
of this year, so a couple months ago, the DAO
admin team announces SIP39, which is a pausing
of the sandbox DAO. And that SIP39 comes in the
normal form, has two weeks of discussion. Not
much has changed. I think if anything has changed.
So I don't really think they listened to the
discussion at all. They just kind of had the
discussion because that's what the rules said.
And I do a whole podcast episode, like I just
showed, of this SIP review. And then the Sandbox
game hosts an AMA on that, which gets hit by
the replay bug. I still was able to do a reaction
video to it as best I could. And then after that,
we had Sebastian Bourget come on for an interview,
part two, which we started in Sandow episode
eight. All right. So you're almost caught up.
Then February 11th, 14 days after, SIP 39 vote
starts. And in February 28th of last month, about
a month ago, it closes. With 80 % yes, 9 % no,
11 % abstain. And I do an entire episode on those
results and why they were not above board. Why
some hijinks were pulled and it was a little
bit... It didn't look very good for the sandbox
DAO to do what it did. But it passed and now
the sandbox DAO will be paused in about nine
days. at the end of the month here in March 2026.
So, some good blueberry wine. So, that catches
you up from May 2024 now to March 21st, 2026.
All right, so what did we learn? The sandboxed
out began with a $15 million, 15 million sand
gift. or an endowment from the Sandbox Game Company.
The vision was sold as progressive decentralization,
which meant going from centrally managed, which
was the DAO admin team and the Sandbox Game Company,
to a community owned and managed, which would
be the council and other working groups that
the Sandbox DAO would evolve into. And had a
fall from grace about August 2020. Five. All
right. And then. A fall from grace in August
2025 when CEO. Restructuring. Happened. And new
leadership. Instead of fall from grace, let's
say. Major change to the DAO happened. A new
leadership was introduced with a new vision for
the game. Let's say the company, yeah. All right,
so now you're all caught up. That would be the
Sandbox DAO timeline. I'm really glad I kept
this slide. I never really used it much. I may
have referenced it a couple times in episodes,
but now it comes in real handy. because it kept
track of all the major events that happened.
So, that was the Sandbox DAO timeline. Now, let's
get to the structure. So, with it starting in
May of 2024, what then were we faced with? What
happened? What was the DAO about? Let's get into
that now. Here is what the structure of the Sandbox
DAO was. It is. I say was because it's been paused.
All right, so the launch of the DAO happened.
That Fireside Chat happened as well. And I think
I have... Yeah, there we go, there we go, there
we go. So let's get into... Let's get into this.
About nine minutes in, the 30 -minute thing,
interview. All right, so here it is. We wanted
to have the right product. So you're not looking
at the outside world saying, okay, there is a
bull market, a bear market. So there you go.
That's where they're talking about progressive
decentralization, heavy curation by the DAO admin
team to ensure that the vision of the DAO is
executed. And then slowly, Sebastian, Jorge mentioned
this quite a few times, like when you have a
child, you first start them out with training
wheels. treating them or showing them how to
ride a bike. And then slowly over time, you can
take the train wheels off when they're ready
for that. That's kind of the analogy he used.
All right, so the other one, let's take a look.
Okay, so there you go. You can watch the whole
interview if you would like. So that was the
launch of the DAO. All right, so when they launched
the DAO, also with that came the website itself.
And when you got to the website, It still looks
very similar to what it started out with. The
vision proposal delegation about the forums,
which is a discourse. You can connect your wallet
because it also connected to a little voting
module. So here on the front page, it's your
time to govern. How does it work? Discover and
debate. Vote for change. Witness the impact.
And then reasons to join. Here, become a decision
maker, influence the creative narrative, elevate
your digital real estate, shape the games you
love, and then what other testimonials people
were saying about stuff. And Sandbox had a lot
of branding, a lot of partnerships, like Paris
Hilton, Care Bears, Steve Aoki, and many, many
others, like Deadmau5, The Walking Dead, Atari,
Gucci. it it got pretty they have a really impressive
partnership all right so there there's that and
then here in the vision you they would talk about
how the vision is to grow the dow and the strategic
objectives for last year was to empower in 2025
was to empower the community diversify the funding
align with long -term goals leverage assets and
here's a picture of the sandbox community and
all the different digital real estate that was
out there And I can spot where we are over here
in the MetaWorld logo. But you can see Republic
Realm, Gemini, Sand Rush, MetFi, Binance, Whale
.me, CyberKongs, a lot of punks and apes. There
were a lot of really well -known faces that absolutely
had an involvement. Hey, Naga Jackie Chan. How
you doing? Yeah, yeah. Hope you're doing well.
Thanks for popping up on the stream. Thanks for
coming on. And... Yeah. So there's the vision.
And they also had ethics. Here are all the ethics.
I went over this in detail when we talked about
the new article that came out in October 2024.
And then you could also vote in proposals here
on the website by connecting your wallet and
then here are the proposals. So they had their
own little module for that. And then submission
guidelines when you wanted to submit a SIP idea
after you invited. You would first submit here
on the forums, but that changed in October, and
we'll go over that later in the instruction or
the structure. All right, so how does it work?
You submit the idea, receive interest, submit
your SIP, admin team curates, the council issues
a recommendation, and authors refine. Then you
get funded, and you can apply for these funding
categories right here. Same categories as DAO.
uh, domain allocators we had. And mine was the,
uh, the community engagement charity section.
All right. So budget requested, um, the different
milestones and different requirements for the,
the payouts and on the checklist, you know, what,
what was allowable things that you needed to
make sure that you did, what was not allowable,
all of the ineligible things. I cover this pretty
in depth in that October, 2024. update, article,
reaction. And then what are the steps after that?
Discussion for 14 days, voting for 14 days, and
then it implements. Here's a guide to promote
your SIP. How to promote your SIP is pretty comprehensive.
It was really well done. And then SIP implementation,
complete your milestones, make your payments,
invoice through, request finance. And there's
payment details there. And then if things are
paused or revoked, which end up happening with
SIP pausing. And then if your SIP gets rejected,
you have to wait three months. So that was your
proposal section. And then a delegation, which
we showed earlier, is how do you delegate via
Snapshot? And then how do you become a delegate?
You can check out this type form. I also do an
episode on this when they did it, so you can
review that episode for what the form used to
be. And then here are the current delegates,
all 12 of them. Here was the delegate video from
Digging in the Sand podcast, which was deleted,
so it's no longer showing. And then some FAQs.
How much voting power do I have? What does delegation
mean? what happens to my tokens my delegate who
can i choose my delegate are there any costs
delegating is delegating my voting is delegating
my voting power compulsory how can i change my
delegate how can i override my delegates vote
how can i delegate more than one vault wallet
why am i unable to delegate and delegate and
do delegates receive any compensation and if
you have a question that pushes you over here
to the the discord all right and then you go
to the about section which shows you about like
the sandbox tau foundation the the special council
and how their their term ended december 31st
2025 not very recently but it was you know frederick
montagnon john michelle paul shannon snow yatsu
sebastian bourget were on the special council
which gave recommendations and to the sips and
gave overall you know guidance to align the Sandbox
DAO with the vision. And then the advisory board
were cultural ambassadors and advisors that helped
leverage their expertise in their career fields.
You know, Anthony Chow, Ina Moja, Loretta Chen,
Mateus Vivian, used to be a football player,
like a soccer player. Mia Bao, who we've had
on as an interview in the Sandow podcast. Samuel
Choi, and then Zaf Chow. All right, and then
you had the forums, and the forums themselves
were pretty cool. Announcements, SIP ideas, SIP
active. Now it's closed section of the Sandbox
style grant program, general help improvement,
SIP finish, that sort of stuff. All right, so
the interesting thing is that my... I think...
Yeah, hold on a second. So in the DAO forums,
I think I have the most responses out of anyone
because I just, I really bought into the DAO
and I was a big, big proponent of it. So, you
know, I was ready to go, to apply for the special
counsel and I had like my... what i wanted to
do i was ready for that when the term end in
december but you know here's the the profile
with with where's the summary for this um yeah
this one okay so i joined not long after it it
started uh i posted something eight hours ago
i think 2600 views uh 5 ,600 cheers, which I
guess likes. And here are my stats. I'm pretty
sure I have the highest amount of responses and
time spent on the forums just because of how
much I enjoyed it. Nine days of reading time.
593 days visited. Four hours reading time recently.
576 topics viewed. 8 ,000 posts read. 1 ,000
likes given. 3 ,000 likes received. 49 topics
created. 1 ,900 posts created. Oh, man. Yeah,
yeah, yeah. So... That's funny. And then badges
and stuff that we got out of all that. Which
are... Oh, gosh. Yeah. But I think they ranked
them somewhere. All right, let's see if they
got the ranking here. Posts created? No. Maybe
it's under likes received. No. It should be.
Oh, here it is. The global leaderboard, right?
Here's the global leaderboard. All time. Yeah,
yeah. So here. I spent a lot of time, a lot of
time on the forums. So as you can see, I'm number
one. But Kami coming in at 2 ,500 cheers, which
are like likes. And Yegor, 2 ,300 likes. So,
yeah. But then here's your ranking. Snipes, Hishmad,
Zhao Long, a lot of well -known faces. Sebga,
Shanti, Tobin. Batman, Curchado, The Intern,
Geraldine, Money Doctor, Metaverso, Crypto, Diplo,
Biverson, Fiona, a lot of Cyril, Pepe, Meow,
Victorian Bag, Mark Bago, Roxy, Yule, Lily Rose,
Polka Sandeep, Ike, Ikemon, Tobik, Ixura, Salamaya,
and it goes on and on and on. Arthmort, there's
Adankoi, Danza Cola, Kenley Kristen. A lot of
well -known faces that have been helping contribute
to the ecosystem. So I'll just scroll through
them here. Sound like an homage. Oh, it keeps
going. Megan Mao. Yay. Mr. Right Now. Benefitura.
They were on the podcast as one of the SIP authors.
Keep going all the way down. Let's stop at number
100. Number 100 is... Oh. King of Crypto. Oh,
nice. King of Crypto. Number 100. So, there's
that leaderboard. Oh, gosh. That's really funny.
Yeah. Thanks, NotJackieChan. My accomplishment.
ZenboxDAO. Number one on tiers. All right. So,
let's keep going. on our launch of the DAO. So
there's the website and there's the forums. So
that launched. And then we went over the vision
already. We went over the ethics. We went over
the roadmap. Did we go over the roadmap? Where
in phase one was DAO debut. Phase two was exploring
how the DAO will begin to separate itself further
from the sandbox, its parent company. And then
phase three is a full launch, which is unveiling
the full scope and opportunities of the DAO.
That was that earlier promise that I mentioned
of going from progressively decentralized, from
centrally managed to fully decentralized. This
was on the roadmap, which I think has since been
just no longer showing, right? No longer shows
on the website. But it did. And I made sure to
do this because I needed to remember in all my
podcasting, right? So, thin little tidbits I
kept track of along the way of... different AMAs
and stuff of responses. And then we went over
to the special council. Their term expired 31
December, 2025. A new special council was not
elected. And I was, I, Kami, a lot, a number
of others were going to run for it because we
wanted to have community elected leadership that
was very involved and took a front seat row to
help in the DAO. But that didn't happen. And
then we had the advisory board, also term expired
31 December, and no new elections were had. All
right, and then we had our delegates. Over here,
we went over the delegate dashboard and the current
delegates that are there. All right, so some
interesting facts that I've been keeping track
of. I showed this a couple times. You know, one
sand equals one voting power. One land equals
4 ,500 voting power. So that means with 3 billion
max supply, you look at... at coin gecko all
right so there's uh right now it's trading at
0 .79 cents 0 .079 cents and uh circulating supply
is 22 .6 billion but the total supply is 3 billion
all right so there's 0 .4 billion uh not in circulation
for coin gecko and which means that back to interesting
facts that there was 3 billion max supply times
one VP per sand, that's three billion voting
power that you can obtain by owning sand. For
land, one land equals 4 ,500 voting power. There
are 166 ,000 lands per the sandbox website here.
If you go to sandbox game slash about, you can
see how the land is structured, right? If you
never bought it, how do you create it, build?
buy, monetize, all the play -to -earn mechanics.
But up here in the front portion, the explanation
talks about how there's 166 ,464 land available,
which times 4 ,500 voting power per land is 749
million voting power, which means there is 3
.7 billion voting power available. Remember,
circulating means in the hands of people that
can use it. Non -circulating means it's not been
released or available to the public. So there's
certainly less than that that's available to
be used, but maximum total voting power that
can be used eventually is $3 .7 billion. So there's
still land that hasn't been released of the $166
,000, and there's still sand in reserve, strategic
reserve, not released out into the market. of
the 3 billion. So it's going to be less than
3 .7 billion. All right, so the voting process,
each SIP requires 30 million quorum for each
vote to vote, to each vote to count. So it doesn't
matter if the majority yes happens in the SIP.
If it doesn't reach 30 million voting, which
is 1 % of 3 billion, then it doesn't count. It
doesn't matter if it's yes or no. So it has to
reach $30 million. And for a while, when we get
to the whole SIP review part, for a while, that
was a big deal because we couldn't reach quorum
for a number of SIPs. So 1 % of $3 billion of
the max supply is $30 million. That's how they
came up with the number. Each constitutional
SIP requires $150 million, which is a 5 % quorum.
So that was called quorum. You needed $30 million
for every regular SIP, $150 million for constitutional
SIPs. And each sip requires a majority yes vote,
which is greater than 50 % yes for it to pass.
All right. And then, oh, I'm sorry. That's wrong.
You can get like 31 % yes, 30 % no, 30 % abstain.
That's not the right math. Let's math this a
little different. So if you had... 30 % no, 30
% yes, and dang it, I did that math wrong again.
All right, let's start over. Out of 100 % total,
if you had 30 % no, 30 % abstain, you're left
with 40 % to yes. That means yes got the majority.
It didn't get greater than 50%, but it did get
the majority, and then the sip would pass. So
it was simple majority vote. with mostly three
options yes no abstain all right then here's
the the budget we went over the budget as well
it used to be a lot greater used to have sand
initiatives live ops game content other operations
staking sandbox for good platform and nft those
have since changed and the sip that that rearranged
the 2025 budget but that is originally what that
15 0 .4 million sand uh was allocated toward
we were supposed to get that 10 million sand
top up earlier in 2025 that didn't happen so
that was the budget allocation right and and
here where we did some investigating you know
here are the actual budget contents that has
since disappeared from the dashboard but i made
i made screenshots of it and then here were the
Here were the nine wallets know that that they
were in here on ether scan All right, so there's
one Is the second wallet Here's the third wallet
The fourth wallet Fifth wallet Sixth wallet Seventh
wallet Eighth wallet And the ninth wallet And
as you can see there most of them do not have
holdings One of them has $10 ,000. The rest of
them just don't have anything in them anymore.
So with the Dow pause came the Dow withdrawal.
Okay, so I mentioned in May there was something
that happened the way the SIPs used to be where
anyone could submit SIPs, which is why in my
early podcast, I would show, in addition to the
checkbook here, the scoreboard. So in this scoreboard,
I would show how many MetaWorlds submitted. We
submitted 10. I submitted 10 SIPs. And that was
back when anyone could submit a SIP and they
did not have to get invited by the DAO admin
team. So window resizing, roadmap releases, in
-game inventory filter, DAO revenue option study.
The Sandex, the Sandow Podcast Funding, Builder
Challenge Working Group, Sandbox Governance Working
Group, producing the Dell Voting Quorum. That
was back when it was a big problem. And then
the delegates solved that issue for us. And then
establishing the Walling Voting Criteria because
the Sandbox Wallet kept voting. The sandbox wallet
kept voting, and we wanted to establish criteria
to where it would stop voting, just kind of arbitrarily.
And when we delve into the SIPs a little bit,
you'll see what I mean. All right, so this was
the scorecard, and I used to show this at the
beginning of every podcast, and it would show...
You know, how many SIPs were approved. It would
show not approved. It just kind of showed status.
And eventually just got too much to keep track
of on one little slide. So I had to abandon it.
And the last update was in January 2025. So it's
been quite some time since I updated that. But
the checkbook, I also showed this quite often.
And the checkbook was an accounting of the SIPs
and how much our budget was. and what passed
what didn't of the nine budget categories here
and then how much was left so that was the last
time it up today that was december of 2024 because
it too um it became obsolete when that new sip
came out that rearranged all the budgets and
i didn't really know how to adjust it so i did
end up finding a fix for it which i'll show during
the the sip review part But I kept track of the
SIPs, and I think I got all the way to SIP 19
or so before it just became no longer relevant.
All right, so that was way back when, in May
of 2024, anyone could submit SIPs. And that was,
and I showed, I think, on the forums. All right,
so if you go to the forums here, then under SIP
ideas, if you go to old ideas where they moved
them, I think you'll see a lot of stuff. Like
here's mine. Some of the ones I mentioned, like
SIP 4 idea, revenue options. Excuse me. A lot
of old ones here. All right, so here's Lancer.
Oh, I guess I did more than 10. Sandbox style
transparency act. The Santra act. Right. That's
right. I remember. Saying that. Want to establish
some more transparency standards. Right. Do an
org chart. And that was after episode 34. When
we couldn't figure out. Who was where. Doing
what. It was a little bit difficult. I had to
do a whole episode on it. Try and figure it out.
And. Yeah. There we go. So there's. There's my
whole list. And the last one I did was the Sandbox
Dow Transparency Act. So that was back when anyone
could submit, and many people did, and it all
had to go through curation. And that was where
in the video when we showed earlier, Cyril was
mentioning how the Dow Admin Team would put it
through curation. So I had 11 sips going through
curation, and a number of them got through, like
a few of them got through to vote, and a few
of them passed. But most of them did not get
through curation in time before they changed
the rules in that October article, October 2024.
I did a whole episode on this, episode 35. And
the new process was a DAO, an invite only. So
not everyone who could submit could be invited.
You would submit, and if enough people showed
interest and if the DAO admin team thought it
was worthy enough. then they would invite you
to submit a SIP draft, and that would go through
curation and possible passing before anyone could.
I did a little process thing here. It used to
be a five -step process from submitting to public
discussion to special counsel recommendation.
Then goes the votum snapshot. Then it gets implemented.
If it gets rejected, 30 -day wait period to try
again. It took anywhere from 60 to 150 days.
And based on my experience, it was based on my
experience and others. The new process in October
extended that from 60, 150 days to 90 to 270
days. And it lengthened the process from a five
-step process to an eight -step process where
it added in step two, you know, submit the SIP
to the DAO Typeform link. Then they went through
one curation, then a second curation, and then...
So it gave more opportunities for curation to
refine it, curate the sip, sometimes reject it.
In my case, one of mine was rejected during second
round curation versus the first round. It was
really frustrating. It was the sand chest. the
one that received a lot of support after the
Sandbox, the Sandow podcast failed by a few,
like a couple million votes, which is a very
small margin. Out of that came the Sand Chest,
which is kind of like, which was kind of like
a big group funding effort for a lot of content
creators instead of just one like me. but that
couldn't make it past that second round curation,
this one over here, step five. It received special
counsel recommendation, but it did not get past
that second round because one of the reviewers
thought it needed to be different and had a way
he wanted it to go, and we could not get past
our impasse because I didn't want to change it
so much that the sip was unrecognizable. And
that was kind of one of the downfalls of SIP
curation. And especially in this new process
was, you know, had two ways that it could fail
because the DAO admin team disagreed with you.
So there it is. And that's kind of one of the
reasons why we have 39 SIPs versus 8 -coin DAO
had like 400 SIPs or AIPs, excuse me. Big, big
difference in the number of proposals that went
to vote. And yeah. Yeah, so that was the new
process. All right, and then I did a little bit
more of an explanation and kind of that five
-step process here and how it expanded to the
eight -step process and kind of the details behind
that. All right, so then we get to the founding
sips, sips one, two, and three. And when you
go to sip one, it did pass with a yes. And in
its appendix, you could find the Sandbox DAO
Foundation Constitution, which ended up being
a whole mini -series by itself. And then SIP
number two, in the appendix, you could find the
Sandbox Foundation Articles of Association and
the Memorandum of Association, which are like
founding documents. And that kind of got us down.
And then SIP three was the initial budget, approving
the $15 million sand allocation. And that kind
of led us down a whole rabbit trail of what is
a sandbox foundation? All right. So then we started
going through all those foundation documents,
like what are articles, what are memorandums,
why were Cayman Island duty stamps all over it?
What acts and regulations is it referring to?
What are subscribers? Like all the things that
started really just like, what is this? And we
went through a whole mini series. So it started
with. episode 34 and we started clarifying and
going through everything later on i've gone over
this many times and um we ended up creating a
tldr out of it you know what is the foundation
company exempted company limited by guarantee
without any share capital articles memorandums
um lots of business being done in cayman islands
foundation rules are very flexible and what does
it mean to be governed by grand cayman island
law We did a big series on that. So check that
out because we went over in detail the laws and
regulations that were at play for Sandbox Foundation.
And the Sandbox Foundation is the legal entity
that guards the DAO. It is a legal representative
of the DAO. It is not the DAO. It is a company
that protects the DAO and enforces it and represents
it in the real world. But the DAO itself is the
voting DAO with the tech stack, discourse, the
website we showed you. Whereas the foundation
is a business in the Grand Cayman Islands under
the law, which is put into part by the Companies
Act, the Foundations Company Act, and the different
case law that surrounds disputes within businesses.
And then we went over Companies Management Act,
the Directors Registration Licensing Act, Securities
Investment Business Act, the... voting, the Virtual
Asset Service Provider Act. We even went through
the Citations of Acts Parliament Act, which changed
a lot of words that said law into acts. So that's
where if you see the Foundations Company Law
in some of my earlier videos, it was officially
changed to acts. So the more you know. And then
we did, so that was parts one. There ended up
being nine parts in all. And then we covered
the commercial side, which was talking to actual
practicing foundation company lawyers like Walkers
Global. And then we actually interviewed a professional
director who runs foundation companies in the
Grand Cayman Islands. So hugely, hugely successful
miniseries in determining what it was, what was
a foundation company, and how did it relate to
the Sandbox DAO. So, excuse me. You know, we
started with Sandow. 34, where we tried to figure
out who was who in the zoo. Like, what was everyone's
place in all of this? And then we revealed quite
a bit through a lot of research. And some of
this was wrong, but I got most of it right in
the end. You know, why was it that everything
was located in the Grand Cayman Islands? And
there were some really good reasons for that,
to comply with the law in the Grand Cayman Islands
and all of the services that were required to
run a company that supported and protected the
Dow. All right, so that series you can find here,
episode 34, 56, 57, 59, 60, 62, 64, 65, and 66
was the wrap -up, where it's kind of like a celebration
episode and roll it all up into a nice little
TLDR. But all of these things were, if you want
to learn about financial companies and the Grand
Cayman Islands, go check that out, because this
goes in -depth and... I can create my own foundation
company now, now that I know how to do this.
It's just a matter of, you know, talking to the
right people, paying the right fees, and then
standing up a business that can shield your DAO
or others. But a foundation company ended up
being like the best of a trust and of an LLC
kind of put together. It's really cool. So what
did we learn by going through the sandbox DAO
structure? as the special counsel and advisory
board kept a really low profile. And, and when
the term expired in December, 2025 re elections
did not happen. All right. Not Jackie Chan said
in the chat, hopeful for things to improve in
sandbox. Don't know the details, but I know leadership
and things shifting around, hopefully a more
solid and realistic environment feels like it.
So I'm steady. Absolutely. Absolutely not, Jackie
Chan. Thanks for just talking and being here.
Really appreciate that. All right, and then what
also did we learn by going through this? This
DAO admin team held enormous power in running
the DAO. They basically were the gatekeepers
for everything. Your SIP did not get passed to
vote without going through them. And if they
did not like it, and not all of my SIPs went
through, most of them did not go through. A number
of them did not go through because there was
some sort of objection, opposition, concern.
I was able to get through some of them, but the
curation team was small compared to how many
applications they had. So most of mine didn't
get to because they just didn't have time or
bandwidth. Some of them did, though. And I was
immensely grateful for that happening. And then
the progressive decentralization ended up...
not happening as fast as was originally planned.
Yep, that's a good word there, AI. Thank you
for offering that word. And so here, now we are
at SIP39 where the DAO is pausing and we're no
longer able to continue DAO operations. So that
progressive decentralization has now come to
a pause. Okay, so that's what we learned now.
by going through the sandbox DAO structure. Now,
let's go through. One second. Okay, now let's
get to the last part of today's podcast episode.
Let's go through the SIPs. Now, instead of going
through all of these... These snapshots here,
all of them on snapshot, which we could do. Instead,
what I did was I went back to the my original
checkbook here and I redid it. I refreshed it
for this podcast episode. Right. And and one
of the things I took into account was that the
admin team had a different different math than
I did, a different view on the way things. on
the way things should have been put together.
And Cyril went over this in SIP39 when I was
talking about my numbers and when I went over
things like this here and my numbers in the sandbox
DAO calculations, how much SIPs cost and all
that. And then Cyril came in and he said it was
a little bit oversimplified. He gave me some
pointers and how he came up with a number. That
was about $891 ,000 left over. And I could not
recreate those numbers. So I'm going to go over
mine because I don't know how he came up with
his. He said that his was internal. So like an
internal profit and loss is how he came up with
his. And I didn't have access to that internal
profit and loss. So I'm going to use my numbers
and I'll present. Kind of a differing solution.
So we're going to go over the results of each
sip. And at a high level, we're not going to
go into every single sip's details. But we're
going to do that now. And then we'll go over
the statistics at the end. And then we will almost
be done. So let's go over that. All right. So
let's go over the SIPs. Now, there are statistics
that I've automatically calculated here. We'll
go over those last. So what we're going to do
now is go over... At a high level, what happens
here is I have some columns for the SIP number.
Let's reset. Go to 200%. There we go. Can you
see a little better? Yeah, it should be able
to. So the columns are, you know, SIP number,
when the vote ended, the result, if it passed
or failed, the SIP amount. Not every SIP was
in sand. So that's kind of where the calculation
went a little bit different than what Cyril had
calculated because my numbers were, I calculated
relative values. I calculated all sorts of stuff
you'll see here in a second. Then I had to convert
that to USDC because some were in euros, some
were in sand. British Pounds, and USDC in different
denominations. So I had to unify them, and I
did so in USDC. And what was the SIP name? A
Sandbox Improvement Proposal name. Who was the
author? A number of authors were by the Sandbox
Game Company, and others were by the community.
The council's recommendation, whether the Sandbox
wallet voted. And how many wallets end up voting?
What was the percentage of yes? What was the
percentage of no? Percentage of staying? And
what was the quorum percentage? Because remember,
we had to reach 100 % quorum, which is 30 million,
right? And we didn't always do that. For a while,
we struggled. So what was that quorum amount
that we voted with? And when the Sandbox style
did vote, or the Sandbox game company voted with
its wallet, it usually voted with 27 million.
until set 39 which was a special case i went
over that uh but um so that was um when it did
vote what would the vote have been without it
because it wasn't supposed to vote there there
were rules that they were supposed to abide by
they were supposed to let the community vote
and in some cases that just didn't happen sometimes
it was an accident Other times it was the sandbox
wallet really wanted it to go a certain way.
All right. And then here's one of the key pieces
of this is I calculated or I had some chat GPT
help me with pulling the exchange rates of sand
to USDC, sand to euros, sand to British pound,
so the British pound, polygon. to USDC, Ethereum
to USDC, Euros to USDC, and the British pound
to the USDC. So I had to calculate a lot of numbers
in order to keep the math correct. And so I pulled
the exchange rate on the day that each SIP vote
ended. And it changed over time. The first SIP
was June 13th, 2024. The last SIP was February
25th, 2026. So you can see that the exchange
rate, you know, it went up a little bit. The
height it reached was $0 .60 sand back in SIP22,
which was March 2025. And then it went down from
there to where it's trading right now, which
is $0 .09. All right, so then I calculate an
average, which was over past. Two years, the
average sand price was $0 .39. The average polygon
price was $0 .38. And the average Ethereum price
was $2 ,919. That was the average over the course
of all 39 sips. So this is how I calculated the
converted to USDC. I calculated the amount of
the sip value. converted to usdc on the day this
the vote ended and so that's how i ended up calculating
these numbers on the left which was like the
usdc received by the dow spent by the dow you
know when it when it received the 15 million
what was that amount worth on the day the the
vote ended all right and then so Cyril's point
to me was that that's not how he calculates it
in his profit loss. His is relative. So he calculated
819 ,000 was relative. That's how much was left
based on today's exchange rate. So for me, if
I were to use that same calculation, I got 354
,000 versus his 891 ,000. Again, pretty big difference.
But I don't have access to his exact formula,
so I had to use mine. And this was the one that
made the most sense to me. So let's go over the
results for all 39 SIPs. Then we'll go to the
statistics, and then we'll be done. All right.
SIP 1 was a reintroduction or introducing the
Sandbox DAO. It was a $0 SIP. It received a positive
rating, and the Sandbox wallet did not vote on
it. Neither did they with the first three SIPs,
which were our foundation SIPs. So SIP 2, SIP
3 was the Sandbox Foundation, and then the initial
budget. The Sandbox Foundation clocked in at
$100 ,000, and then that was an expense. That's
how much the Sandbox Foundation would cost, is
$100 ,000. But then SIP 3 was the endowment by
the Sandbox Game Company, so a gift to the Sandbox
DAO. of 15 .5 million sand which converted at
the time on that day and in june 2024 was 6 .8
million usdc dollars so all three of them received
positive ratings by the council all three of
them the um when i say council i mean special
counsel right so let's put that there special
recommendation And the Sandbox Wallet did not
vote for those three. A thousand wallets voted
on each of those SIPs. And it was an overwhelming
yes for the first two. It was a majority yes
for the third. And that third one was a splitting
of the $15 million into those nine budgets that
I showed you earlier. If you look down the bottom
right of the podcast screen, you'll see these
here. We went over this budget allocation. And
those nine budgets with those nine wallets. So
a lot of people disagreed with how those budgets
should be allocated. Because as you can see,
Sand Initiatives here has 3 .6 million. LiveOps
had 3 million. Game Content, 2 .5 million. And
it goes down on and on. So a lot of people disagreed
about that allocation. And so that's why its
percentage was a lot less. It's 65 % yes. And
the abstained votes were pretty small. The quorum
was over 136. So we needed 30 million, and the
first three got about 40 million each. So 10
million more quorum than what was needed, hence
136 % quorum. And we did not have to calculate
without the TSV vote because they didn't vote.
And then at the time, sand was 44 cents. So that's
how I did my calculations with the $6 .8 million.
Because at that day, it was $0 .44. And Ethereum
was $3 ,400. Right? Those were the days. And
then, that's the first three SIPs, which were
foundation SIPs. All right? And then, in June,
same month, SIPs 4 and 5 came out. All right?
So SIPs 1 through 3 passed. SIPs 4 and 5 also
passed. They were out of the Sips 4 and 5 were
charity Sips. Carbon Capture partnership with
NGC Company and supporting the Red Cross through
a prize pool with Yo Bike. Those all received
positive special counsel recommendations. The
Carbon Capture was about $179 ,000, which was
converted from $400 ,000 sand. and 200 ,000 sand
for the Red Cross, which is about $90 ,000, right?
The sandbox wallet did vote for those, right?
So they applied 27 million voting power to that.
And I don't remember why that happened. I don't
recall. But about 1 ,000 wallets voted for those
as well. The yes vote was 81%. However, because
the sandbox wallet voted, and I believe they
voted. They voted yes. Take a look. So if we
go to the votes over here, yeah, they voted yes.
So there's 27 million. They voted yes. And by
the way, all of these statistics that I'm showing
you, all I did was go here to Snapshot, and I
went to each and every single one of these SIPs,
and I recorded the number. So here you can see
33 votes. All right, let's go to a simple one,
actually. Here you can see 1 .1 thousand votes,
135 % quorum two years ago. Here's the yes percentage,
no percentage, abstain. Quorum was 135%. Here's
when it was created, started, and that's when
the vote ended. Here in the votes, you can see
how everyone voted. So you can go check those
numbers if you like, but they're accurate to
what I have listed here. I checked them again.
Okay. So that was sips four and five. Um, and
quorum was 194 % and 182%. And quorum voting
amount was 58 million and 54 million. So if you
take away the sandbox is 27 million. It was still
both of them still, um, actually, I'm sorry.
One of them would have passed with, um, which
was the carbon capture sip four. because it reached
quorum at 31 million. But the Red Cross would
not have passed because it needed 30 million
to pass quorum. And so even though it had a yes
vote, it would not have passed because it was
only at 27 million. So I think that was one of
the reasons why the sandbox wallet voted. Again,
I don't remember the reason, but that was probably
it because it looked like it was going to fail.
So what we can do is just for this one, we could
take a look at SIP4. and see when they voted.
All right, so if we look at the votes, we'll
see Sandbox, it started, it created May 9th,
I'm sorry, May 29th, 2024, and the Sandbox vote
voted on that day. So, okay, I'm not sure why
they voted. No one else did either. It made a
lot of people angry. All right, and then again,
we calculated the amounts by recording the day
of. amounts for the exchange rates right so that's
how we did okay okay after that then sip six
seven eight all came out in july of 2024 and
uh sip number six was magic palette which was
a wonderful tool everyone almost everyone loves
that tool it's kind of like um uh if you're ever
a builder or studio you know just how hard it
is to to build in game maker it crashed all the
time it's like single block placement it was
really difficult to work with and magic palette
made that really easy it did a lot of like um
it did a lot of automation and what was it called
like sequencing uh where it would like a procedurally
generated where it would like like minecraft
like create a world for you by By you selecting
different blocks, it did a lot of mass copy -paste,
and it made things a lot easier. So Magic Palette
was hugely supported. It clocked in at $119 ,000,
which was $350 ,000 at the time. And then the
next one was a staking budget for landowners.
So it augmented the landowners' staking big time.
And if you were a landowner at that time, you
saw your yield go up. I don't remember what it
was. It was more than 10%, but your yield went
up big time and your emissions. So that was about
$250 ,000 or $750 ,000 at the time. $250 ,000.
And then there's the Game Jam. Sandbox Game Company
came up with the idea for the DAO to fund the
Game Jam. So it did. It submitted a SIP for about
$9 ,000 or $27 ,000. And interestingly, though,
Magic Palette received a positive by the special
counsel, and that was a community. So Pepe from
Sandrush, huge supporter, love Pepe big time.
But the two Sandbox DAO, I'm sorry, the two Sandbox
Game Sips, which were Staking Budget and Game
Jam, both received a neutral rating. And so we've
had this clarification from different special
council members over in this podcast. We've had
two special council members, I think. One special
council member? I can't recall now. One or two
special council members. And a couple advisory
board members. Mia Bao, Loretta Chen. And for
special council, we've had Sebastian Bourget.
I think that might be it. But in any case, we
had them explain to us positive meant they thought
it aligned with the vision and benefit of the
DAO. Neutral was it could go either way. Negative
was they did not think that SIP aligned with
the vision of the DAO. But most importantly is
if you had a negative recommendation, that did
not stop your SIP from voting. That just meant
that the council thought that it wasn't in line
with the vision. So you could have a negatively
recommended SIP go to vote. Yes, that did influence
the public vote because a lot of people went
with the recommendation. However, it didn't mean
that your SIP was completely out of the running
at the beginning. You still had a chance. And
one of my SIPs received a negative recommendation
and it did pass. Which one was that? uh was this
one nope wait that one did not pass that one
failed see it was this one uh sip 21 where it
was enabling windows resizing and resolution
for the game client itself it received a negative
recommendation from the council but it ended
up passing uh with the majority yes vote of 48
so It doesn't always happen that a negative vote
tipped the scales, but it did matter. So you
wanted a negative. I'm sorry. I'm sorry. You
wanted a positive. You would accept a neutral,
and you didn't want a negative because of the
way the voting went. So for Sips, 6, 7, and 8,
all three of, whoa, 6, Sips, and 7 passed, but
Sip 8 failed because. for six, six and seven,
which was Magic Palette and staking budget, the
sandbox did not vote in any of those. Less than
a thousand wallets started voting. And that's
when Quorum really started getting difficult.
But Magic Palette had a 99 % yes vote and it
reached Quorum by the skin of its teeth. 31 million.
So only a million over the 30 million Quorum.
And so it reached 104 % quorum. Whereas the staking
budget with the landowners, they were very in
favor of it. With 81%, yes, it reached 114 %
quorum at 34 million voting power. But SIP 8,
however, failed because even though it had, it
did not reach quorum. It only reached 50 % of
quorum, which was 15 million. Unfortunately.
So I don't think it received the money. Although,
now that I think about it, there was no way to
check unless you were looking at the wallet.
So maybe, I don't know. I don't know if they
ended up getting the funds. They shouldn't have
for this because it didn't reach Quorum. All
right. Then we get to the SIP -8. We just did
SIP -8. Excuse me. And then SIP -9. Yeah, SIP
9 came after that in August, as did SIP 11. Sorry,
what am I saying? SIP 9 and SIP 10 both came
out in August, right? And there is our first
Euro one. It wasn't in Sand, it was in Euro.
And SIP 10 was in USDC. So that's where I had
to kind of like make a unified conversion. So
SIP 9 was 33 ,000 or 30 ,000 Euros. And SIP 10
was 94 ,000. And USDC, so it was also 94 ,000
on the SIP. And SIP 9 was a mandate for DAO NFT
collection. That was when people like Sebastian
Bourget and Jean -Michel Payun were giving the
DAO a lot of NFTs that were valuable. Millions
worth. I covered this on multiple times during
the SIP DAO. Their absolute success at managing
this. However, when they first went up for the
vote in August, it failed. Why did it fail? Because
it didn't reach quorum. So by that point, quorum
issues were in full swing. Only 50 % quorum.
And then for the second SIP there in SIP 10,
which was a budget for blockchain events, so
funding team in the sandbox, Asia. to go to events
in Latin America and Asia. That failed as well.
And both of them, while they received positive
views from the council, and they received a majority
yes vote, although one barely, less than 500
wallets voted for those two and only got half
for them, 50%. So that's when we knew things
were... problem and that's where you see some
of my my sip ideas were let's reduce um let's
reduce the voting quorum because we're having
such issues with it and that was when i went
over what slide was it was yeah this one right
here this slide uh here in the scoreboard one
of my sip ideas was was establishing or reducing
the voting quorum requirement by 9th SIP idea.
That was because of, at this point in time, we
were having such issues with quorum. Okay, so
those two failed. So then what happened? SIP
11 came out. And SIP 12. And SIP 13. All in September
of 2024. Alright, SIP. SIP 11 was ambassador
funding at $100 ,000 or 400 ,000 sand. Then SIP
12 was establishing a sandbox learning academy
in the Philippines. That was $12 ,000 or 51 ,000
sand. And then SIP 13 was a $0 SIP for running
a feasibility study to do NFT crafting in -game.
So it was to do a feature. Within the game itself.
Right. Ambassador program funding. Was sandbox
proposed. Whereas the sandbox academy. And the
feasibility study. Were all community proposed.
And. You know what. Let's. For a second. Change
something up. Freeze the. to freeze the top let's
freeze the top row that we can always see it
yeah that should be helpful all right so there
we are right and sip 11 12 13 all right they
came out and the top two Ambassador program and
Sandbox Academy were positive, but the feasibility
study, which was a feature request, was a negative
for the special counsel. All right. However,
the Sandbox wallet voted again for both SIP 11
and 12, and they mostly voted because of this.
This one here, they really wanted the ambassador
program to go through, and... And SIP -12 just
happened to be voting at the same time. So they
voted on both. Whereas SIP -13 came out later
in that month. It was still September. All right.
And they all received the yes vote, although
it was pretty close. Quorum was 159 % and 138%.
However, if you took out the sandbox's 27 million
vote, neither would have passed because they
wouldn't have reached quorum. So that quorum
issue was a big problem. And the only reason
the ambassador program passed, as did the Sandbox
Academy, was because the Sandbox wallet voted
for it, pushing it over quorum. It wasn't supposed
to do that. Seb had said how he wouldn't do that,
but I guess their interests were really strong
on that one, so they voted. All right. However,
later on that month when SIP 13, the feasibility
study, went to vote. It did not get a vote from
the sandbox wallet. It did not reach quorum.
Only 38 % quorum, 11 million votes. Voting power,
excuse me. So it failed. All right, so at this
point, the pass and the failures are racking
up. We almost have as many failures as we have
passing sips. So this is a problem. And then
October hits, right? So if we look back on our
timeline, When do we see the delegates show up
with their voting power? It's not until, so November
is when the delegates were announced, but the
new, oh, excuse me, the applications open up
in September. And if we look back at our SIP
timeline here, September 20th is when the last
SIP failed because of quorum. In fact, I think
the rest of them, yep, that's right. It won't
be the last one. And here in October, so this
is while applications are going on in the sandbox
DAO for the delegates. And the delegates aren't
announced until November 13th. Okay, so we have
a number more sips to cover before we get to
November 13th, and that's after. So any sips
after November 13th now can receive 24 million
voting power. Yes or no or abstain from the 12
delegates. Not until November 13th. We're still
in September. We have a little bit more ground
to cover in October. Okay? And this is really
helpful to be able to go back and forth. All
right. So we are now in October. October 2nd
is when two more sips come out. One of them is
mine, which is what the red is here. Oops, that's...
That one should be me. That's not Meta Futura.
Meta Futura is this next one here. They did Metaverse
and Disability and Meta Worlds. So I, with Meta
Worlds, did this next SIP. So SIPs 14 and 15
came out next in October. They both failed. if
you want to hazard a guess as to why but the
sip 14 was enable window sizing the resolution
options that way because in the game client you
couldn't make it bigger and the resolution options
were really really um very few so if you had
uh like a 1080p monitor or greater it the resolution
options weren't there it would just be it'd be
really bad so i rallied the community and asked
them if they would support a SIP to tell the
game developers that we wanted to be able to
resize the window in window mode and also give
more resolution options. And so that ended up
failing because of Quorum. But it was overwhelming
majority yes vote. Yes, 60 % wanted that. And
then yes also wanted... the Metaverse and Disability
by Meta Futura, who wanted to partner in Italy
with a disability group to educate and employ
folks who have a disability in Italy. That SIP
was 30 ,000 USDC or 30 ,000 euros at the time.
And both of them received negative special counsel.
Less than 200 wallets voted for these two, and
the sandbox wallet did not come to our aid or
rescue. But we received the yes vote, and because
we only received 25 % quorum, so quorum's going
bad, going really bad for everybody, less than
10 million voting power, which is a big gap in
what we need for the 30 million quorum. It failed.
Both of them failed. Okay, so that was October.
Then December. SIP 16 happens. And guess what
happened? Because it's December, we now have
our delegates. So do we see a spike in quorum
voting? We sure do. So if we go back to our timeline,
the delegates were announced in November. They
were each given 2 million voting power to the
12 delegates, so 24 million voting power. So
now if we go back to our SIP timeline, here in
SIP 16, December, that means the 12 delegates
are now able to apply their 24 million combined
voting power. SIP 16 and SIP 17 came out in December
of 2024. SIP 16 was one of my SIPs. It was a
$0 SIP. to insert an inventory filter for equipment
in the game uh for those you had a lot of nfts
from for the sandbox in game there was no way
to filter it uh you had to scroll manually through
all of them and it was really it got really tough
to constantly pick your equipment because it
reset every time you went to a new experience
so we made a feature request i made a feature
request insert an inventory filter in game excuse
me I had like, I had like nice little pretty
pictures and stuff. Right. So I wanted to like,
uh, uh, also, you know, put a little, uh, put
a little, uh, filter, like a checkbox filter
system. Like I had a whole, whole thing. And,
uh, so that was SIP 16, $0 because the dev team
was going to do it. We weren't funding anyone.
And then SIP 17 was 83 ,000 USDC or 80 ,000 Euro.
And that was for someone to create a horror game
to diversify the sandbox map a little more. All
right. My in -game filter received a positive
from the special console, but the horror game,
oh, it also received a positive. And mine was
99 % yes. Almost every single of the 500 wallets
that voted wanted it. Whereas the horror game
unfortunately received only 6 % yes. Not many
of those 600 wallets wanted it. However, because
of the push for both the new communications manager,
Kanta, building bridges with the community, he...
They built those bridges successfully, and also
the delegates now were pushing for more participation
from the community, not just for themselves.
So big bravo, applause, flowers to the delegates
for that. Because of that, we got 500, 600 wallets
voting for those two versus before we were under
200 wallets before that happened. So SIP number...
16 passed. 17 did not pass because it did not
receive the yes vote. However, both achieved
quorum. So, yay. Quorum seemed to be a thing
of the past because now 12 delegates with 24
million voting power were voting, which meant
we only need 8 million and other community votes
to meet 30 million quorum. All right. Halfway
there. Zip 18 came out in January. It failed.
It was $30 ,000 in USDC or 60 ,000 sand. It was
mine again. And this one was to fund 15 episodes
of this podcast that you're listening to. You'll
notice that we are at episode 71. So we kept
going. Whereas at the time, I think I was at
episode 30. I think thereabouts. Actually, let's
take a look because I had a little picture in
there. So in SIP 18 was to fund 15 episodes of
this. It received that negative recommendation
and because they didn't think it was cost effective.
I had interviewed Seb, the co -founder and COO.
I interviewed a lot of people. I was going to
bring in more guests, do deeper analysis or platforms
and had a very consistent. above 20 live views
on Twitch at the time, which was a lot. So it
put me at the top of many categories each time.
And I wanted more funding because I was doing
it for free. I still am doing it for free. And
I had some stats at the time. I published 39
episodes within five months. So I was pretty
much at episode 40. So it was like 30 episodes
ago. I was already available on nine platforms.
I had 16 guests answering 180 questions total.
A combined 400 hours watched. Almost 2 ,500 likes,
retweets, replies. Episodes have been downloaded
271 times. My top Twitch view count at the time
was 27. And my podcast, I've been hosting podcasts
since 2016. At that point for... All my podcasts,
I had done 75 episodes across like three or four
podcasts. So I had milestones and all that and
previous episodes covering the community, special
counsel, landowners voting. I'll go over all
this in the next episode, which will be a review
of the Sandbox. I'm sorry, review of the Sandow
podcast and some different stuff. I really wanted
15 episodes funded so that I could start to.
be compensated for for doing all this deep analysis
but unfortunately it failed and there was an
episode i did all on that it failed by the skin
of its teeth almost certainly was because the
the special counsel gave a negative recommendation
that kind of pushed the votes over the edge 43
yes 57 no and that was because one of the major
wallets that I helped recruit into voting to
help solve the quorum issue, voted no, which
was Whale Vault, the folks over at Whale. They
applied 7 million voting power against it, and
that really sealed the deal. But I had a lot
of community support, because by that time I
had done 40 episodes. But it failed, ultimately.
And I wanted 40 ,000 USDC. And yeah, but it did
get quorum. So, you know, at that point, our
quorum issue looked solved. So I basically shot
myself in the foot by convincing the folks over
at WellDAO and getting a proposal and their DAO
to always vote in the sandbox DAO. Their first
vote in the sandbox style was a no vote on my
SIF. So, full circle, shot myself in the foot
on that one. I would have received the yes vote
if it had not been for that. And I didn't even
need it. It was 39 million quorum. So, seven
minus, I would have gotten the yes vote at 31
million voting power. Whoops -a -daisy. But...
it meant that well Dow, which is one of the largest
landowners with over a thousand lands was always,
it was constantly involved in the Dow after that,
whereas before they weren't participating and
we wanted to solve quorum. So it's a bummer.
Anyways, sip 19. I came in February as of sip
20, one passed, one failed. So sip. 19 was a
$50 ,000 SIP, whereas SIP 20 was a $150 ,000
SIP. And SIP 19 was selecting UGC. What does
UGC stand for? User Generated Content Platform.
It's basically trying to take the best of Roblox's
store page where you can easily find a game to
play. This developer was selected from a request
for proposal put up by the DAO admin team. And
the TSB is the author here. And the RFPs went
out and a wake up labs one. So you're going to
look at here, their proposal here. There were
other, I think four or five others. It was a
seven page proposal. It looked. And when everyone
went through it. they end up choosing that. So
it says over here, it'll say, it should say various,
I think. All right, so SIP -19, if you look on
Snapshot, you'll see multiple different, that
looks like only two at the time, the Council,
QA, and then Wake Up Labs. And Wake Up Labs just
barely got it at 20 million. Whereas the Council,
got 19 million. So none of the proposals was
about 10 million or 20 % of the vote. But Wake
Up Labs won it at 41 % versus the council's 39%.
It was a very, very close race. And they both
received positives, right? So SIP20 was a cross
-dial collaboration with the Ape Coin Dial. And
it was proposed by Animoca Brands, so that's
why I labeled it as TSB, because Animoca Brands
owned the Sandbox Game Company. Sandbox Game
Company were the authors of, helped author it.
It was a huge amount, 150 ,000 USDC. All right,
but it failed. It got 13 % of the vote, whereas
this one should say various, actually. Because
there were multiple folks. Got it. Could be voted
for. But it received 13 % of the vote. And the
Sandbox Wallet did not vote. Sandbox Wallet does
not vote again until SIP 22. So both of them
did reach quorum. But it was very different in
the results. So SIP 20 did not get passed. It
was an overwhelming no. All right. SIP 21 came
out. Oh, at the same time. Oops. There we go.
Formatted different. So SIP 21 came out. That
was one of mine. It was a resubmission of an
earlier SIP. So remember back in the process
part where you could submit your SIP if it failed
after 30 days because it did not reach quorum.
Even in the new process, it would be three months.
But in the old process, it was 30 days, which
is when I originally submitted this SIP for.
I, that period elapsed. It failed because it
did not reach quorum, but it received the yes
vote. So I was pretty confident if I had resubmitted
it, then after the resubmission period, then
I would get the yes vote. Now that quorum has
been solved because the delegates were voting
with 24 million voting power. So I resubmitted
it, got it to vote. It was a $0 vote. It passed.
And this is the one that passed with special
counsel. negative recommendation. So I'll just
highlight that one right here for a second because
it's special. And it received a negative, but
48 % of the vote of those 200 wallets wanted
it. Whereas 35 % said no. It reached quorum at
136 % with 40 million voting power. It passed.
All right, 22. SIP 22 and 23 both came out in
March of 2025. So we turned the page in 2025
with SIP 18. with financing 15 episodes of the
Sandow podcast and its unfortunate failure. Then
now we're fast -forwarding to SIP 22 and 23,
which is March. SIP 22 was Women in Tech Global
Summit at the Osaka Protocol. This one, I also
interviewed the SIP author for this. This was
Women in Tech. And really, I really enjoyed that
one. I'll go over that one tomorrow, or not tomorrow,
my next episode. But we interviewed the SIP author.
It was the Women in Tech group. It wanted 31
,000 USDC or 30 ,000 Euro. Both, and then the
SIP 23 was the reallocating those nine budgets
categories into the lesser amount. a smaller
amount and it was a zero dollar sip because it
didn't receive any money it just wanted to when
that 10 million sand was top up came from the
sandbox game company like it was supposed to
in 2025 then it would reallocate it per this
new uh this new process which let's take a look
for a second that process was uh they wanted
to put it down to oh hey SIP category, budget
usage. At the time, rating budget was 85%. Of
our nine budget categories, we'd expended 10%,
and we committed 4%, which meant we hadn't spent
it yet, but it was budgeted and going to be used.
Operations budget, we committed 28%, and remaining
23%, we already spent 47%, so half the budget.
All right, and that was 1 .5 million sand on
that one. So where did it say it wanted to change?
Here are the budget categories. So it wanted
to reduce it to Web3, ecosystem integration,
season rewards and game creation, community engagement
and charity, education onboarding technology,
operations, and foundation reserve. So from nine
to one. Two, three, four, five, six, six. From
nine to six. That's what they wanted. Okay. So
that was the SIP 23, the 2025 budget and strategic
direction reallocation. And both of them were
positive by the special counsel. One was community
submitted. One was sandbox submitted. The sandbox
voted on accident. Seb actually voted with the
wrong wallet on the women in tech one, which
is SIP 22. He ended up voting abstain. So it's
a not tip the scales because by that point they
hadn't voted since the ambassador one and the
sandbox Academy. And they kind of, I feel like
they kind of learned their lesson. Like they,
the community got really, really angry that they
did that. Excuse me. Yeah, the community got
really, really angry. So they decided to honor
that community's frustration and not vote again
until accidentally voting on SIP 22. So they
voted abstain, which is why the abstain percentage
is huge. It's at 53%. So the yes vote was 31%.
The no vote was 17%. So more than double the
people wanted it to. to pass. 144 wallets voting.
So we're dipping below 200 wallets again here.
However, because we have the delegates, they
end up reaching quorum on both of them. But because
the sandbox voted with 27 million voting power,
it got 200 % quorum at 60 million voting. Whereas
with The budget reallocation SIP, it didn't get
voted on by the Sandbox Wallet, so it barely
made it at 105%. At that point in time, the community
felt really good about the delegates, and Weldow
was voting, so we had what we needed for each
SIP to reach quorum and pass or not pass. All
right, now we are in April 2025. SIPs, I'm sorry.
Yep, April 2025, SIPs 24. 25, 26, 27. Four of
them in a month. All right, SIP24 was 85 ,000
USDC. It was a Chrysalis quest. It was another
experience creation by a well -known studio,
Ashara. And then SIP25 was 644 ,000 USDC. And
that was to establish the Sandbox DAO grants
program, the SDGP. I went over that a little
bit earlier. And it was fabulous, fantastic,
huge success. It basically created a fast process
for people to get funded within that grants program.
It hired, elected five delegates. Dang it, not
delegates. It elected five domain advocates from
the community. I was one of them. And we had...
total control over our section of the budget.
And it was divided up into, the power was, there
was checks and balances, like the DAO admin team
oversaw our team. But we were able to receive,
approve, deny applications from the community,
right? It was awesome. I think I went over this
in a previous episode, the submission process.
I was able to create my own submission process
for my domain. and create like a structured process,
but a much faster process than the SIPs, as were
the other allocations. So Web3 ecosystem integration,
season rewards and game creation, education onboarding
technology, engagement charity, all of those
received their own domain allocator. And so there
are four total. We would go through all these
milestones. We had to create a structured process.
We had to communicate with the DAO admin team
quite often. It was awesome. I went over the
success metrics earlier in this episode. So I
was hugely a big fan of that. It was great. Now,
it was a big price tag of the budget. So it wanted
to allocate 644 ,000 USDC to over a million SIP.
But keep in mind, we're still riding off of SIP3's
15 .5 million SIP, which at the time was worth
$6 .8 million, trading at 44 cents per sand.
But now here we are about a year later, and...
that 1 .1 million sand is trading at 55 cents,
right? So it's worth more. Hence why when you
convert that exchange rate, it's 644 ,000 sand,
right? So the TSP authored that one, whereas
Chrysalis Quest was a community SIP. The Chrysalis
Quest was a negative. recommendation, whereas
the Dow Grants program was positive. And then
let's go back to SIP. There are two others in
that. Actually, no, let's just keep going with
these two. So SIP's 24 and 25 in the beginning
of April. Chrysalis Quest SIP received a negative
review, whereas by the council, special council,
whereas the Dow Grants STGP received positive.
The same box, while it did not vote. Over 300
wallets voted in each of them. And it earned.
A 70. Over 70 % yes vote. For both. Let's take
a look at that for a bit. Oh yeah. Okay. This
was the platform. Oh yeah. Okay. This was, um,
Chrysalis quest was a platform that was going
to enable like in -game quests and airdrops to
different experiences. Uh, so, so my experience
in Dell education hub, for instance, or floor
droppers could input a quest would be like, I
don't know, pick up a number of items in the
experience. And if you do that, then you'll get
an airdrop. Or let's race. And if you complete
the quest, you get an airdrop. So that was the
idea. Because both of them received an overwhelming
yes vote and quorum at 117 % and 115%, both of
them passed. I think, unfortunately, this is
one of the ones that was cancelled. Or maybe
it went through, I don't recall. And it was completed.
Not sure. Alright, so the beginning of April.
The end of April was Sips 26 and 27. Both of
them passed. SIP26 was the NFT collection for
the Sandbox style. This was a resubmission by
Arthmort's team to, now that Quorum was no longer
an issue, was asking to become the curator for
the NFT collection that had now been sent, or
was about to be sent, by the Sandbox game company.
So it had like punks in it, apes in it, a lot
of like X copies. It had a lot of... really valuable
things in it and uh the nft collection was only
168 000 usdc compared to 644 000 of the sandbox
style grants program all right so that was 26
and sip 27 was an election sip for the stgp sandbox
style grants program they wanted to to elect
for Domain allocators. All right. Excuse me.
All right. This one was a little bit complicated.
As a domain allocator, you had to choose which
ones you wanted to go for. So there was Web3
Ecosystem. Yule went for that one. Yule Wolf.
Rewards and Game Creation. Joseph went for that
one. Community and Charity, I went for that one.
Education and Onboarding, I also went for that
one. Community and Charity, Ivy, are they, went
for that one. Education and Onboarding, Money
went for that one, and there were others. Ivy
also went for Education and Onboarding. Money
also went for Community and Charity. So the people
who won were the top voted in each category.
So Web3 Ecosystem, Yule Wolf, got 24 % of the
vote. So he was elected to that domain, that
budget. Rewards and game creation was Joseph
with 21 % of the vote. Community and charity
was Lanzer, me, with 20 % of the vote. And education
and onboarding was me again. At 16 % of the vote,
I couldn't win twice, so it went down to the
next person, Education Onboarding, which was
Money. G said Money. He won with 3 % of the vote.
And the reason why that happened is because my
16 % of the vote, where I won Education Onboarding,
because I can't win twice, like I just said,
Money was the next runner -up. Whereas Community
and Charity, I, they, did not win with 9 % of
the vote because... I won community charity with
20 % of the vote. So that's where it's a little
bit complicated, but if you think of there are
four domains being competed for, whoever got
the most in each of those domains won, but you
couldn't win two domains. So that's kind of why
I won two domains, but I couldn't be elected
to that second one because I was already elected
community charity. Hope that makes sense. No
peta. No peta. Salaam. Salaam, my baby. All right.
And so that's how that worked out. 104 % quorum.
Above 30 million. And so Joseph, it was a special
case here. Joseph won with 21 % of the vote for
awards and game creation. Go check out Sandow
episodes one or two. I had him on one of those.
And then later, I'm thinking Sandow 15 -ish.
Had him back again. We talked some philosophy
topics for the Sandbox Tao. We also talked at
the very beginning of what the Sandbox Tao was.
He's a well -known, very well -known voice in
the community. Love him to death. So he had to
resign from his post after he was submitted.
And even though he won very handily, he had to
resign for personal reasons. Well, here's my
nomination. Yeah, so I'd like my bio here. Everyone
submitted their nomination, their bio, what domain
they wanted, what their second domain was, what
their vision was, how were they going to do fair
and efficient evaluation. I use smart criteria,
specific, measurable, accountable, realistic,
timely. And I added one, full disclosure, something
I wanted in there. But then each, you know, here's
money's nomination. I think that was the first
one. Yeah, I was the first one to nominate. Then
Money. Here's his. And then Ivey. Submitted his.
Or theirs. Then... Then Joe did. Been in the
community a long time. Yule Wolf did. Kunta held
a space for it. Or... It was an episode, right?
It was a Digging the Sand podcast episode, which
unfortunately was deleted with the rest of the
podcast. So bummer, but okay. And so we did it
here. I think we did a space as well. Yeah, we
did. We did a space. There it is. Long time ago.
How about that? We did a space. and I did an
AI transcript. That's right. Oh, the source is
gone. Bummer. But an AI transcript, and we're
trying to get to, so here's the order, trying
to get to the point where, oh, I did an AI -generated
episode on everybody. Oh, you're not here the
whole time? Oh, that's because the browser was
turned off. Oh, no. I hope you could hear the
earlier stuff. If not, no big deal. Welcome to
the deep dive. You flagged something really interesting
for us. This was a bonus episode. A proposal
brewing within the Sandbox DAO called SIP27.
And I used Google's, they call it Notebook LM.
It created a podcast version of your AI stuff.
And it always said, it couldn't say DAO. It kept
saying DAO. SIP 27. It's been getting. This is
a bonus episode. Comprehensive list of responsibilities
outlined. And it went over the actual. Lead there
with 4 .5 million. Domain four. Domain four,
community and charity. Currently, Lancer is in
the lead there with 4 .5 million votes, about
19 .81%. Lancer leading in one of his preferred
domains. And domain three. Domain three, education,
onboarding, and technology. Lancer is also leading
there with 4 .4 million votes, roughly 19 .51%.
Whoa, okay. Lancer leading in both of his preferred
domains currently. That's significant. What about
Ivy and money? Right. The numbers show Ivy. All
right. I didn't even mean to go to that one,
that section, but there. There it is. I forgot
I did that. Oh yeah. And I was showing people
like how I did it because at the time it had
just come out and it was like a big deal. Oh
yeah. I didn't even include a screenshot of how
I, how I made it. So everyone could get like
a little, a little snippet of it. Where is it?
I'm looking for, looking for, okay, so here it
is. Geraldine announces the winners of the domain.
The Vision X is what he's known as, Joseph, right?
So the next steps happen, and then I immediately
create, like the next day, I think it was, I
immediately create, this is what I showed you
all earlier, so I won't go over everything all
over again, but I created the structure using
smart goals, and so did the other. So did the
other allocators. Domain allocators. All right,
so then... Ivey congratulates everyone, says
thank you. Oh, I think here it is. Okay, here
it is, I think. This is where they talk about...
how Joseph is not able to serve the entire four
months. So what are our options? And Kunta, the
communications manager who was elected, that
started building bridges, gave us some options.
What were some options? We run another election,
the admin team appoints a domain allocator or
another person from the admin team. can manage
it, or another domain allocator can. And then
someone put forth Kami Saaze to Kami, who everyone
pretty much knows. And... I said, can you call
me Lanza? That's funny. Kami, who is Alex, he's
on the same team as Joseph on the council QA.
And he was put forward as a potential short -term
replacement. And... He then asked the whole community
what they thought. Kami then came in and said
he'd be honored to, but he wanted to stress that
he only wishes to take this role with the blessing
of the DAO and only for expediency because this
was after things had started and we needed to
be doing things for each domain allocator needed
to be doing things for their domain. So Kami
was able to, was wanting to step in. You know,
Jazz Wolf said, normally I want to run an election,
but it's time sensitive, so let's put him in.
Money said, Let's put him in. Andy says, let's
put him in. Walpach said, let's put him in. I
say, let's put him in. Basically, everyone's
saying, Kami's there. Everyone knows him. Let's
just put him in because we need to get this rolling.
So that's what happens. Kami becomes fourth domain
allocator. All right, and that was SIP 27, and
it became a huge success. I went over those metrics
earlier. All right, now we're in May. 2025. Getting
to about a year ago. SIP 28. It was the only
one in May. It was a $60 ,000 SIP for digital
merchandise collection. I think the SIP was about
how to convert NFTs into physical merchandise
like hats or sweaters and stuff. $60 ,000 proposed
by the community. It received a positive from
the special counsel. 177 ballots voted. However,
it received a no vote fairly. So it was 31 .53
% no, 31 .51 % yes, but 37 % abstained. So more
people abstained than any other. It definitely
reached quorum at 159%. I can't remember why
so many... So much voting power. I think maybe
the Weldow had voted again during this one. So
they had voted no on mine. And, yeah, they voted.
They did. They voted for abstain. Okay. But you
can see a lot of no's from a lot of the delegates
here at the time. Robbie Curchado, Hidden Walls,
also known as the intern. Shanti was not a delegate
at the time. MoFat, Sabga, Byverson, Moaz, Old
One was a delegate that later resigned. I think
Shanti took his place. Hishmad, Secret Al, excuse
me, Hervé, they were all delegates at the time.
So that one did not pass because it received
a majority no vote, but barely, barely, barely.
So, and the rule here was like, if the abstain
vote, was the majority. It then fell to whether
it was yes or no. I think that was the rule.
I can't remember right now. I'm pretty sure that
was the rule. Must have been, because if it was
abstain, then 37 % would have won. And abstain
probably means no. But I'm pretty sure the no,
31 .53 % won the day on that. All right, so then
we go to June 2025, SIP 29. Only 10 SIPs away
until we're done. It passed. It was a $13 ,000
SIP or 33 ,000 SAND. And by this point, SAND
is trading at 42 cents. It was put forth by the
community. It was a positive special council
recommendation. 200 wallets voted. 59 % said
yes. It met quorum. So it passed. And that was
Impact Game Jam winners. So it was a game jam.
Then SIP 30, 31, and 32 all came out in June.
All three of them passed. 30 was a $100 ,000
SIP to fund Token 49. They call it side activation.
Basically, that means that they had an after
party. at token 49 so about a hundred thousand
dollars korea blockchain weak side event was
sip 31 they won a fifty thousand dollars and
then the dow education experience request proposal
came out that was a thirty thousand dollar sip
all right that one's red because we won that
one uh metaverse uh better worlds won that one
it was our our thirty thousand dollar sip to
do the doubt education hub remember earlier in
the beginning of this episode i said if you want
to learn more about the dow there is that gamified
dow education hub experience next to jurassic
park world this one here the very beginning of
the sip this was a gamified way to learn about
the dow within the sandbox game that came from
sip number 32 where it was a request for proposal
to uh to build a learning experience within the
Sandbox game. There were one, two, three, four,
five, six, seven different proposals that were
submitted. And we received MetaWorlds, which
partnered with Dankoi, who is a very well -known
previous Game Jam winner. Also, we paired with
Creative Crawler Studio. So this one here. Just
like everybody else, you know, we came up with
an overview of what were we going to build and
what was it going to look like. You know, this
was an early version. Dan Corey just went hard
in the paint and he came out with an early version
of what it would look like. So I was able to
include that in our proposal. You know, what
were our learning approach, our learning areas
going to be? Like, what was our approach going
to be? It's going to be learning about the Sandbox
ecosystem, which... We've gone over in this episode
as well, the very beginning down here, that one
right there. So they're going to learn about
the ecosystem. They're going to learn about how
the sandbox style worked, which was the structure.
So a lot of these things you'll see in the gamified
version if you go there. All right, so then learn
about the special counsel advisory board, learn
about the SIP process. So that would be, I showed
this a couple of times already today. in this
episode. So the new SIP process, we were going
to show how that was going to work. Then voting
the discussion. How does voting work? How do
you delegate? I'm sorry. How do you vote? How
do you vote yes, no? How much sand and land was
worth? Then we were going to learn about delegates.
So how do you delegate? Who are the 12 voting
delegates? And then we're going to learn about
how do SIPs get curated and how do you get paid
going through the... process of submitting a
type form and then the request finance PDF I
showed earlier on the website. So it was a three
-part team alliance cooperation thing with myself
at MetaWorld's team, Dan Coy, and then Creative
Crawler Studio, all of which who were longtime
community members. And here's our milestones.
We end up completing it on time, ahead of schedule.
All right, and here's our budget breakdown for
why it cost $30 ,000, which was a conversation
in and of itself. Some people were, most people
who responded, responded with $30 ,000. Not all
of them did, but most of them did. And that was
because you knew that, I almost did this episode
as the business of the sandbox. uh the business
of a sandbox studio having produced two studios
myself at that point uh the floor droppers and
the what was the other one floor droppers and
lava defense i knew how much it cost to build
one and almost all of them came out of my pocket
except for game maker fun which i was i i got
enough but i still lost money on that one Because
I didn't get really paid much. The developers,
the game makers got paid. And most of the expenses
went to building that sort of stuff. So you knew
that $10 ,000 was not going to get you a good
experience. $20 ,000 wasn't going to get you
a good one either. $30 ,000 is about what it
costs to build a real experience with over 100
unique items. or over 70 unique items, minting,
the whole thing you need to do, lockout. It was
a very complicated endeavor, which is why it
took many months to do. So 30 ,000 is what I
quoted, just like a lot of others did, because
that was the maximum that you could quote for
that RFP. And all of us who knew that had built
this thing before, Knew that $30 ,000 was what
you needed. And yeah, that is what I needed.
And paid my partners and paid the prize pool
out for the test to make sure the test was successful.
So there's a lot of components that went into
it. And yeah. Yeah. That consumed my life for
a time just to make sure that we would do that.
Well, so that was positive by the special counsel.
Various, it was decided on variously. MetaWorld
won. 102 wallets voted. Received 140 % quorum.
Okay, then SIP 33 and 34. Almost there. Almost
there. You can see the end. SIPs 33 and 34 came
out in August. One passed, one failed. SIP 33
passed. It requested 64 ,000 USDC since August
2025. Sand is now descending. It's decreasing.
It's now trading at 35 cents. And that's where
Sandbox Metaversity Campus wanted to build another
university in the Philippines. I think it was
the Philippines. Let me not misquote that. It
was Indonesia. Maybe Philippines? Yeah, it was
the Philippines. So they wanted to build another
education place in the Philippines to teach people
how to game make and make more game makers. 64
,000 USDC. It passed. But the Bollywood... The
Bollybox Bollywood launch, which failed. I don't
recall this one too much. Let's take a look at
what the what was. The what section said, Bollybox,
the sandbox's first Bollywood -themed intellectual
property land cell featuring real -world events
and AI short film premiere. Three unique events,
which would be the booth at a conference, a side
event, so an after -party, and a Mumbai meet
-and -greet. side party film premiere so that
was that requested 31 000 usdc it did not pass
so the the metaversity campus was community proposed
whereas the bollywood the bolly box was was sandbox
proposed both of them received a neutral recommendation
from the special council about 100 wallace voted
for each 63 % said yes, they wanted to vote for
Metaversity Campus in the Philippines. 33%, I'm
sorry, 42 % said no, they did not want Bolly
Box Bollywood launch. So SIP 34 failed. Both
of them reached quorum. 140 % quorum. All right,
so that was SIP 33 and 34. And SIP 35 came out
in late August. It passed. It was 130 ,000 USDC,
Magic Realms AI games. All right, that one was
proposed by Pepe and the Sandrush team. They
were the same folks who created Magic Palette.
So they wanted to expand Magic Palette to create
a playable game within minutes versus however
long it took before then or after that, which
was probably hours, I guess, maybe less. But,
excuse me. They wanted to solve the empty land
problem. All right, it received another overwhelming
yes vote because Sandrush team had a pretty successful
resume developing Magic Palette. So it passed.
It received a positive recommendation from the
Sandbox Council. About 100 wallets voted. 86
% said yes. It met quorum, so it passed. Then
SIP 36. We're now in October 2025. Sand has now
decreased to 22 cents, right? Whereas not long
ago, it was 40 cents, right? Some month before
that. It's 40 cents, but now it's at 22 cents.
So, or excuse me, 32. No, no, we just went over
SIP 35. That was 32 cents trading. So in October,
SIP 36 and 37. Sam was trading at 22 cents, so
that kind of hurts. But both of them passed.
So SIP36 was Land Estate's sales tool, which
I went over this one a number of times. When
SIP39 passed, which pauses Sandbox now, it announced
that SIP36 would be canceled. And I said, why?
Why did you do that? Why did you do that? GBM
is a tool within the Sandbox game, the website.
San Juan scheme website. It provides a safe way
to sell your land or buy land, right? Or trade
them, auction them off. And it was like a reward
mechanic for, for rewarded you for bidding because
you got sand if you were outbid. So it rewarded
you for placing bids. They wanted to create a
estate. for selling estates. Estates are multiple
lands put together. A land is a one -by -one.
An estate is a three -by -three, six -by -six,
12 -by -12, 24 -by -24, or more. So estates get
pretty big. And to sell them, you have to sell
a big, huge bulk of land at the same time. Otherwise,
you do not own the whole estate. So the only
way to do that used to be, A number of websites
that offered escrow accounts, like smart contracts,
they all vanished. For whatever reason, I've
used them over time, years ago, but when I tried
to use it last year to buy my last estate, I
couldn't use any of them because they were all
gone. The only way was to use OpenSea, and you
could only do it in batches of 50. So if you
owned one of those bigger estates... you would
have to do multiple batches. And it would be
privately sold. So it was a really, really complicated
effort to make that happen. So this SIP came
out, SIP 36, to provide a safe way for people
to sell their estates using the in -house method
by the sandbox DAO partnered with GBM. So they
wanted $60 ,000 to develop that. And then SIP
37 was Metaverse Odyssey integration, which was
a $12 ,000 USDC. I don't recall what that one
was. Let's take a look. What? The Metaverse Odyssey
Samox edition is a one -month gamified event
series designed to showcase how brands can seamlessly
integrate into the Samox ecosystem. How are they
going to do that? They were going to run a one
-month season gamified events combining weekly
game nights, brand -driven narratives, live streams.
Custom partner integrations. Demonstrating independent
studios can leverage the sandbox to deliver community
engagement campaigns. Okay. So they're going
to run like community -led game jams and different
organized events to promote the sandbox and get
participation going. So that was going to be
a $12 ,000 USDC. Both of them, both the land
estate tool and the Metaverse Odyssey integration.
Both of them were community -driven. Both of
them received neutral from the special counsel.
But both of them passed. So by that point, the
special counsel, almost a couple of years into
its tenure, it was maintaining a very low profile.
We didn't really hear much from any of the special
counsel members, except Seb, who was the COO
and co -founder. He was traveling all the time.
And remember, this was October 2025. What happened
this past August 2025? Let's take a look at our
timeline, our road to DAO. So what happened 2025
in August? The Sandbox company gets restructured.
So shortly after the restructuring happens and
Robbie Young becomes the CEO. And Arthur Madrid
becomes chairman and Seb becomes global brand
ambassador. So Seb is no longer COO, chief operating
officer. That happened in August, right? So if
we go back to our spreadsheet here, in August,
the last SIP where Seb was COO was SIP 35. Magic
Realms with Pepe and the Sam Rush team. By the
time the Lance Estate tool hits, as well as Metaversity,
or Metaverse Odyssey integration campaign, it's
October and the restructuring has happened. So
Robbie Young is now the CEO and has not yet held
his CEO AMA with Sandbox 3 .0. It happens in
December. a couple months later. So none of us
really knows this is happening. The Sandbox 3
.0 is on its way and going to be introduced in
December. In October, these two SIPs, SIPs 36
and 37, pass. So we think we're going to get
a land estate tool and an engagement campaign
because they pass with the yes vote. And 42 %
quorum. I'm sorry, 140 % quorum at 42 quorum
amount. That's pretty incredible. That was a
lot. Wait a minute. That doesn't look right at
all. Hold on. Something went wrong here. Check
these numbers. Hmm. So SIP35 received 138%. Yeah,
so that one's correct. That's 41, right? So then,
oh, I must have entered the wrong number on accident.
SIP 36. Take a look at SIP 36. And then SIP 37.
So SIP 36 received, oh, 140 % quorum. Okay, cool.
And SIP 37, 140 % quorum. Okay, so I did. Good
to know that when I recheck these numbers that
I rechecked them correctly. All right, so that's
SIP 36, 37. They passed. SIP 38, we're now in
December 2025. Sand is trading at 11 cents. Whoops.
It's decreased a lot since even a month prior,
when in October, or a couple months prior, when
it was trading at 22 cents, and then it was trading
at 35 and 40 cents in July. So within six months,
we are now down to $0 .11. And it's an all -time
high of $0 .66. And earlier that year in January.
So we went from at the beginning of January 2025,
Sam was trading at $0 .66. We get to May, the
halfway point of 2025, we're at $0 .45. Mark
a notable decrease. Then we get to the end of
2025. We're at 11 cents. That's a 50 cent decrease.
That is a huge decrease in sand. So, bummer.
Big bummer. That happened. So SIP 38 in December,
it fails. What was it? It was an art commission
grant. However... I don't think it really failed.
It's one of those weird, quirky ones. This was
an election off of the Arthmort's team over here,
NFT Collection. They wanted to do an art commission.
So they wanted to commission someone to build
art for that SIP. That SIP was... SIP 26, right?
So similar to how an RFP for the RFP for, where
is it? Okay, so RFP, the request for proposal
for SIP 25 was establishing the SDGP program,
and then SIP 27 was the election. For the SDG
people around, same deal. Over here in SIP 38,
Arthmore's team wanted to commission someone
to do some art, right? To do like a little mini
grant. But it was a $0 because they wanted people
to vote on the people they had already selected,
not vote that they would use the money for that.
They had already decided that they had the authority
to use that money from SIP 26. and it seemed
like the Dao having team agreed with him, so
that's why I went to vote. So, Art Commission
commences, and let's see who won. Random Freaks
wins at 44 % of the vote. Excalibur, eBoy, Khalid,
Makshoosh, and Chepratom. They were in the running
as well for the Dao Art Commission. Alright,
so technically, the... The SIP -38 fails. Why
does it fail? Because it doesn't meet quorum.
91 % quorum at 27%. Now, why does it not meet
quorum? Let's take a look. Alright. Shanti, 4.
Curchado, 4. Iverson, 2. Hishmad, 2. Batman,
2. Okay, so it looks like that... Here in December,
the delegates voting power has not yet been rescinded.
So they still have. The delegate voting power
they're supposed to have. I'm looking through
the names. Right. I don't see. I don't see how
here. Everyone still has their voting power like
they're supposed to. So it must have been because
a delegate did not vote. That should have. So
there's probably some delegates missing. From
this list here. Of 27 million voting power. And.
Because of that. The vote does not. Meet quorum.
It doesn't pass. However. I think kind of technically.
Maybe it didn't need to. Because it was a sip
on a sip. So we never really get to find out.
Because this happened December 24th. Right. So
if we look at a little timeline. Robbie Young
has already given his Sandbox 3 .0 pitch, that
change is coming. And then not even a month later,
the Dow team announces SIP 39. So what's SIP
39? Our last SIP that we just went through. SIP
39 passes. SIP 39 is a pausing of the Sandbox
Dow. I devoted an entire episode to this. I think
it was, I showed earlier what those were here.
The DAO has passed. All right, so SIP 70 was
a deep dive into the results, whereas SIP 69
was a read -through of the SIP. 668 was clarification
from our global brand ambassador. On SIP67, when
I keep saying SIP, I'm sorry. Sandow70, episode
70, was an update on the SIP results. Sandow69
was a read -through of SIP39, the pausing of
the sandbox DAO. And then SIP, did it again.
Sandow68 was an interview of Sebastian Bourget,
the Global Brand Ambassador. which was clarifying
the remarks made and the reaction I gave to the
Dow pause and Sandow 67, which was covering the
AMAs here on this timeline of Robbie Young from
December. Hold on a second. Fix that. So the
AMAs that happened in December and January 28th,
when they host their AMA. Over here, the one
that didn't, that had that replay bug, right?
So the one that didn't have the replay bug that
I was able to cover, I used that episode, those
two episodes, okay? So that is... What's happening?
The timeline. So SIP39 comes out, pauses Sandbox
DAO. I do a whole episode on that, right? It
passes, but it passes with a little bit of underhandedness
from the Sandbox company who revokes the 24 million
voting power that the 12 delegates have been
voting with, the meet quorum, since, what was
it? Since... whatever this one sip one is sip
15 right so over a year over a year of the 12
delegates voting with 24 million delegate uh
delegated power voting power to meet quorum over
here in this column right quorum's great quorum's
great quorum's great great great okay still great
here but the catch is the sandbox game company
shifts or and the sandbox DAO shifted 24 million
voting from the 12 delegates to itself, which
is why it voted with 53 million voting power.
It's a pretty big increase from its 27 million
voting power that it's been voting with when
it would vote accidentally or when it voted for,
it really wanted the ambassador program to go
through. But it voted with 53 million. This is
almost certainly the Simbox DAO wallet over here.
So it voted. It got an 80 % yes. Caveat, it got
an 80 % yes because it hijacked 24 million voting
from the 12 delegates. And I did the math on
that episode where I covered it in depth. If
we had not voted, I'm sorry, if the delegates
would have voted with their voting power, the
way they voted, and SIP 39 here, with everyone
else having voted, not all delegates voted yes.
Some voted no, and vice versa. Some did want
to pause the DAO, and others did not want to
pause the DAO. So I took them, I created a statistic
out of it, and then I applied that to the 24
million that they would have been voting with
like normal. And I calculated that had they done
that, the SIP would have failed. First, it would
have failed because it didn't meet quorum. Because
that 27 million. But also it would have failed
the no vote. I'm sorry. Dang it. It would have
failed the yes vote. The no vote would have won.
So we would have voted, the community would have
voted to not pass the DAO. And that was me applying
mathematics to see if we had applied that 24
million voting power and the way it should have
been with the delegates. Most of the delegates
would have voted no. It would have been close,
though. It was like 47 % no, 41 % yes. So it
would have been a very close vote. But the no
vote would have won. The Dow would not be paused.
All right. So there you go. SIP 39. Those are
39 SIPs. All right. And then my honorary mention
down there at the bottom here. is the TSB roadmap,
which I created as a SIP idea back when anyone
could create SIPs. And it wasn't allowed to go
to vote because the DAO admin team decided to
make it a feature request to the dev team. The
dev team agreed to do it. And so it didn't have
to go to vote because the dev team just said,
yeah, we'll create a roadmap. And so the Kunta
at February, 2025 announced that, Hey, big news.
The sandbox style game company agreed to create
a roadmap. And so I claimed honorary victory
on that one because it became about as my, my,
my sip idea that it wasn't. that wouldn't go
to vote go to vote this is what i would have
built it as you know kind of make it like kind
of like a gantt chart or a pistol chart what's
known as and try and you know meta worlds is
going to build it but that's where they said
now we'll ask the dev team to see if they will
and they did so they did and so i screenshotted
it here's what it looked like it's no longer
available it was made private um about the time
that the the dow pause happened And it was a
Trello board. It was awesome. Loved it. People
were so happy. And it was very helpful to everyone,
like studios, who needed to pre -plan. I forgot
about that. My formal declaration of war on the
30 -character limit. Because whenever you reply
on the forums, you had to type 30 characters
or it wouldn't let you. And everybody made a
joke out of it because it was just so difficult
to do that sometimes when all you wanted to do
was like make a few words like, yes, I agree.
But you can't say that because it's not 30 characters.
So everyone would just like, I don't know, copy
pasta stuff. And everybody would just like add
random stuff to their responses. So I decided
to declare war on the 30 character limit. And
then I copied. A speech from Churchill. The storm.
Will fight on the beaches. Will fight in the
landing fields. And on the streets. And then
I just. Changed all the words. To like. Sandbox
style specific stuff. It was funny. I thought
it was funny. So. Yeah, there we go. The intern,
also known as the Hidden Walls, he immediately
spotted Winston Churchill's speech out of that.
So, yeah, so Kunta, our communications manager,
said, yeah, if anyone else is sick of it, let's
try and get rid of it. And so everyone was, yeah,
see, look, there it is. Kunta added just, like,
random characters to meet the 30 -character limit.
It was a nice little community rallying moment.
Yes. So we were able to make a game out of it
for a while. And eventually the character limit
was able to be reduced. And I'm sorry, increased.
Yeah, I'm sorry, reduced. It reduced to 10 characters
and we won the war. So good times. That was a
fun time. And Kunta did spaces with it. We did
it. Victory. We won over 30 character limit.
And it was reduced down to like 10 or something.
Oh, I copied another Winston Churchill speech
and made it into the DAO. I don't know. Since
we're talking about the Sandbox DAO, I decided
to dote on this for a second. It was a fun little
moment. Oh, there it is. There's the space. What
space was that? Yep. We did a spaces on it. Right.
And I must. Oh, yeah, I did talk. I must have
talked. And we had different people on. Oh, man.
One day I might want to go back and listen to
that. Play a few seconds of that. About. It's
broken down into. Excuse me. Just ate breakfast.
Absolutely. I wanted to shout out the name of
that person that just jumped in here. I don't
know if I can pronounce that, though. Zadaku
is the best number. Farming or something like
that. I imagine the dev team has to face a dynamic.
a dynamic workload that might shift from season
to season even because you know it's founder
driven company you know and so so it was uh it's
fun good time all right so i brought that up
to say that this was a a sip idea that i had
that did not go to vote but ended up being implemented
so i i claimed Honorary victory on that. All
right, so there's our 39 sips. Okay, so let's
go over the last bit of today's episode. Sandow
podcast. All right, so we first went over the
timeline, then we went over the structure. Timeline.
Structure. Why are we suddenly not able to do
this? Fix this. There we go. Okay. Timeline structure.
And now we just finished going over 39 sips for
the sandbox style sips. All right. We went a
little bit into snapshot, mostly went on the
updated checkbooks. We went over the... the team
admin teams kind of alternative view on how the
numbers crunched and then we just went over the
39 steps here in the rec the results review last
thing we'll cover now are the statistics so where
does that leave us on our statistics here are
the statistics as i calculated them all right
so okay we do that there we go um maybe this
is not going to work here let's go to our other
slide this one oh it's because there's an updated
number right yeah let's put in a new yep there
we are Alright, so let's just go over this one
then. So here are our statistics that I've calculated
after 39 SIPs. Our first SIP, Sandbox Improvement
Proposal, came out June 12, 2024. The last SIP
ended February 25, 2026. So that was about a
month ago. The number of days our DAO was active
was 623 days. Because when it paused, it paused
now here at the end of the month. About eight
days. All right, that's 20 months of active DAO.
Over a year. About a year and a half. We had
39 SIPs that went through the voting process.
27 of them passed, which is 69 % of the 39 SIPs
total. 12 of them failed, which is 44 % of the
39 SIPs total. Of those 39 sips, 24 of them received
a positive special counsel recommendation, which
was about 62 % of the 39 sips. Six of them received
negative special counsel recommendations, which
were 22%. And as we learned, just because it
had a negative special counsel recommendation
didn't mean that it would not pass. For Sandow,
the fund Sandow and SIP 18 did not pass, and
it received a negative. However, my SIP 21 resubmission
of the window resizing received a negative, but
it did pass. So, but it's still important to
know it was a heavyweight factor for a number
of voters. All right, our average voting power
that was voted on per SIP was 36 million. So
we struggle with quorum for about until SIP 16,
until the delegates came into power with their
24 million voting power. But even then, for all
39 SIPs, the average voting power per SIP was
36 million. So that's above quorum. However,
that 1 % there, That is 1 % of the total voting
power that is out there in the world. Blockchain.
All right, so 3 .4 billion voting power is out
there. All right, now how did I get that number?
That number came from calculating the circulating
sand supply. All right, so 3 billion total sand
supply. Not all of it is available for voting.
2 .6 billion of it is circulating. So in theory,
2 .6 billion of it is available for voting. I
use that number. That number plus the land supply,
which is 166 ,000, times their 4 ,500 voting
power per land, whereas sand is one voting power
per one sand. So that's 2 .6 billion sand voting
power plus... 749 million land voting power equals
3 .4 billion voting power total. Of that total
voting power that is possible to vote on, because
we're taking out strategic reserves, we're taking
out stuff that hasn't been released yet, if you
go up there to average voting power per SIP,
only 1 % of the total voting power out there
voted on average per SIP, It's not a lot of participation,
but it's still a lot of voting power. All right,
so how many wallets voted per SIP? On average,
369. Now that number, that percentage is way
lower because if you go down and figure out how
many wallets there are, how many sand and landholders
are there total who can vote, almost 400 ,000
holders out there. of the the sand token and
the land nfts for 394 000 different wallets now
that's not counting unique wallets that one i
couldn't calculate that for land because there
there was no method that i could find to do that
so i just counted the number of wallet holders
understanding that sure it's multiple people
have some people have multiple wallets got it
even so 300 wallets voted on average and 39 sips,
which equals less than 1%, so 0 .09 % of the
total sand and land holders were voting, which,
yeah, that's not very good. That's very bad.
That is way below. I think industry average is
15 % participation, something like that, maybe
20. So we are way below that. The number of times
that the Sandbox voted with their wallet was
six, so about 15 % of the 39 SIPs. And the average
SIP amount, the average SIP cost about $100 ,000
USDC, which we know changed quite a bit from
June 2024 when SIP, when Sand was trading at
44 cents. to now SIP 39 in February 2026 when
it's trading at $0 .09. Big, big difference.
And at this exact moment, it's trading at $0
.08. So it looks like it even went down a penny
since when I pulled this earlier today. So it's
still going down, it looks like. But the average
cost per SIP was $99 ,000 USDC. Yeah. And I can't
use the sand amount because not everything was
in sand, so that was hard to calculate. Alright,
now the last bit here is the sand received by
the Dow, and its only recipient was from the
Sandbox Game Company, was 15 .5 million sand,
which at the time it was received by the Dow
was 6 .8 million USDC. Alright, and using that
same calculating value of when the SIPs were
voted and when they ended, and what the... The
same was trading at that exact time. We spent
2 .3 million USDC, which is roughly 34 % of our
received budget, how much we received, that's
6 .8 million. All right, so we received 6 .8
million, we spent 2 .3 million, and what we have
left is 4 .5 million. That's the pure calculation.
If you use today's value of eight cents, My calculations
are 359 ,000 USDC is left, which is 5%. So using
the pure value, we have 66 % of our budget left.
If you use the relative value of what sand is
worth right now, and you calculate all of the
sand that's left using 8 cents, you get 5 % left
of the budget. That's the big disparity that
the admin team was talking about in that other
slide that I discussed way back here. But I don't
have access to their formulas, so I have to use
my methods, and my methods is the best way I
could do it. So it's anywhere from $359 ,000
to $4 .5 million, which is what the admin team
said. Cyril said he calculated $891 ,000. thousand
right so there it is today's sand exchange rate
is right now eight cents whereas it went down
even from nine cents last month when it was sip
39 when we're calculating that number and then
here's the last bit almost there circulating
sand supply is 2 .6 billion i already discussed
how that was calculated i used coin gecko by
the way so if you you go to here going gecko
and oh now it's at seven cents oh shoot it's
even going down further here it is uh this number
here 2 .6 billion circulating versus the 3 billion
total supply okay so go back to circulating supply
is 2 .6 billion which means that the circulating
voting power is 2 .6 billion because one sand
is one voting power, even though the total supply
is 3 billion. The total land supply is 166 ,000.
I showed the about page on sandbox .games, official
website, citing that number. And that means 166
,000 times 4 ,500 is 749 million voting power.
All right, and so 2 .6 billion plus 749 million
is 3 .4 billion. total voting power that's available
all right and then i calculated uh this one took
a little bit longer the the sand and land holders
and all i did for that to count three to count
394 000 was i just went to the token page of
all of um of the token and the land nft which
there are four of them. And that's because we
originally started out on Ethereum and then migrated
to Polygon. So you have land and sand on both
Polygon and Ethereum, but it's not quite so straightforward
as adding it all together. Because land can only
be used on one chain. So if you migrate it from...
Ethereum to Polygon, it's burned on Ethereum.
You can't use it on Ethereum. But then you can
migrate it back, and it gets burned from Polygon,
and now you can use it on Ethereum. So there's
a migration contract there. But you can use sand
and land on both chains, and they add to your
total value. So you have to add, you have to
do it a little bit like this. You have to use
the tokens, the holders, right? I'm going to
blow that up a little bit. So on Ethereum, you
use token holders, which is $206 ,000, plus the
token holders on Polygon Scan, which is $161
,000. And then you use the holders on Ethereum
Scan, which is $16 ,000. And then you use the
holders on Polygon Scan, which is $9 ,000. Add
all that together, what do you get? 394 ,000.
So those are my numbers. That's how I calculated
that. And with that, we just went over all the
statistics for 39 SIPs beginning in 2024, ending
in 2026. What did we learn? Quorum was a big
issue until the 12 delegates were approved and
24 million voting power could be applied. All
right, so that was about... I think SIP 11, is
that what I said? It was SIP 15, right? Tim Oxtal,
while it voted six times, right? And voting and
yes, no, and it did have an effect on the yes,
no vote. On the way. SanFam. Voted. Yes. No.
All right. But. Some sips. Passed. Even. With.
Hold on. I got mixed up here. Sandbox style wallet
voted six times. Okay. Whoops. So this next one
would be special counsel recommendation. So Sandbox
style wallet voted six times. And what did we
learn from that? It caused, it first used its
voting power to pass founding sips. And that
was the carbon capture. SIP 4. And SIP 5, the
Red Cross, which we think was to avoid the SIP
failing due to quorum, but we're not sure because
the way timing happened. All right, we also learned
special council recommendations did. have an
effect on the way SamFam voted yes or no, but
some SIPs were able to pass. All right, so one
SIP that was voted no because of that was SIP
15. It was SIP 18, which was this podcast, funding
this podcast. But some SIPs were able to pass
despite it, despite a no. recommendation right
and so that was sip 21 and sip 24 yep so it's
a 21 24. all right what was the last thing that
we learned the pausing Dow SIP, which is SIP
39, passed only because the sandbox wallet transferred
24 million voting power from the delegates to
itself and voted yes. Otherwise, SIP39 would
not have made quorum and still and would have
had majority no vote by the community. And there
we have it. In conclusion, yeah, if you want
to go look at the Sandbox style paused miniseries,
go to those four. And if you want to go to the
Sandbox Foundation miniseries for Grand Cayman
Islands, look at these. All right. I didn't have
any community questions. Thank you, Nopeta, NotJackieChan,
for participating in the chat. Yeah, not Jackie
Chan. That's right. Character limit war was funny.
All right. All right. And then we're open topics.
Concluding on clear remarks on the sandbox style,
it's promise and pause. I think I went over the
disappointing way the pause happened. It shouldn't
have happened that way. But it did. So here we
are. The promise of the Sandbox DAO was progressive
decentralization. And I think one member put
it really, really well in SIP39 discussion forums.
Lily said, the tail, which was the community,
did not... Whoops, I had it backwards. The head,
which should be the community, did not eat the
tail fast enough. The tail being the Sandbox
Game Company. and the centralized nature of the
DAO, that the tail, we did not eat the tail fast
enough, and the tail ate us instead. So it paused
the DAO because we did not progressively decentralize
fast enough, and we didn't progressively decentralize
fast enough because the DAO admin team did not
believe that we had expressed maturity enough
as a DAO, which... It probably might be even
true. Because once we kind of learned from taking
the same podcast with Kunta and the interviews
that he did with the DAO admin team, we learned
a lot about why things were the way they were.
And they made a lot of sense. Once I heard that,
a lot of my criticism went away. Because we learned
that they thought, Cyril explained, they thought
that having a big splash brand entrance was going
to be big and beneficial to the DAO. Having a
special council that was, you know, celebrity
-laden with the likes of Yatsu and other really
well -known names in the Web3 space, like Jean
-Michel Payun, who used to run Ledger, and Yatsu
run Animoca Brands. Like, having that sort of
celebrity status would also draw a lot of attention
to the DAO. They had good reason to believe that
because attention economy was a big factor in
an ape coin DAO, apes, NFTs. It's just, you know,
you know that attention economy is important
in Web3. So they had good reason to believe all
that. It just didn't turn out that way. The DAO
struggle with Quorum almost from the beginning
and the big splash that happened where... The
DAO showed up. It was announced at a conference,
and then everyone was asked to vote. Backfired
on the DAO admin team because it felt like the
community was just going to be drug along and
didn't have any participation in any of this.
So it backfired big time. And I was at the very
front of that. I was very critical because there
were a lot of things done that... didn't look
like it involved the community at all. It just
looked like it was handed down. And so I was
very, very critical, um, from like, uh, Sandow
episodes, I think maybe 10 to like 30, maybe
even 40. I'm not sure. Well, when I do the next
episode, um, Sandow 72, we'll do a review of
all the Sandow episodes and then we'll go over
it then. But I was very critical for a really
long time. And until I saw those episodes, Digging
the Sand, where they interviewed various members
of the DAO admin team, especially the DAO admin,
the DAO administrator, Cyril, explained what
their plan was, their intent. It made a lot of
sense. They weren't bad. They weren't like people
suspected of all these bad things anymore. We
became real people with a real plan. It just
didn't work out the way they thought. I get it.
I understand it. Not, I mean, not every plan
works like you think it does. So I can understand
that they gave it their all. They really care
about the Dow, Cyril, Geraldine, Paul, Wampy,
and I'm sure there are others that I might not
be remembering at the moment. I'm so sorry. They
care a lot. They cared a lot about the Dow, and
they gave it. a lot of work and effort. I saw
it. A lot of other people saw it, especially
when you're a DAO, when I was a DAO domain allocate
for the SDGP program. I got to talk with the
DAO admins a lot more because we had to work
with them to maintain transparency and learned
a lot about how much they cared, saw how much
effort they put into everything. And they put
in a ton of effort. So it just didn't go the
way we thought. It didn't go the way they thought.
And the community was very frustrated. Still,
I think to this day, there's a lot of that. But
when Kunta came in as communications manager,
he built so many bridges. He rebuilt so much
of that trust. And it was appreciated big time.
It turned my view around. I went from being highly
critical of the DAO to being a big advocate for
the DAO admin team. Because I saw... And they
became very transparent about what their thought
process was. And that's what I wanted to know.
Mostly I wanted to know their thought process.
That we weren't being taken advantage of or exploited
and all these other negative things that happens
when you don't have transparency and you don't
know what's going on. So, yeah. The pause is
unfortunate. The good news is it's called a pause.
It's not called termination or elimination. Most
people think that it won't be unpaused at this
point. Most people think, I believe, from the
discussion forums and stuff, Twitter and X and
Discord, that this is kind of like a sandbox
game company's nice way of taking it out to pasture,
which is a euphemism for saying... being eliminated
and not resurrected again. Unpaused. I hope that's
not the case. I hope that there is a real effort
to unpause a DAO because I love Sandbox. And
I love the ecosystem. And I love SanFam. And
I want to run for special counsel if it gets
unpaused. So, yeah. I think the stuff that I've
been doing in Star Atlas with its DAO... as a
now second term council member where we have
all of our meetings in public i can find that
right so the star atlas dow i've been recording
as kind of like the community chairperson yep
here we are right so we have all of our our meetings
in public uh and Like when we start, we have
meeting minutes, agenda topics. We talk about
things. We go over the treasury amount, like
here, and we go over how much money we have and
we're spending. And then we have our meeting
minutes, which we have an agenda, and then we
go over them in our discussion. And it's building
in public. To me, it's what building in public
really means. And I think it's awesome. I think
we should be doing that in Star... Not Star.
We should be doing that in the same box. Our
special council members should have public meetings.
We should be live streaming it for content and
for attention economy. And we should be talking
about things we want to accomplish. How are we
going to accomplish it? What... do we have to
accomplish it? And what authority do we not have?
All of that's part of building the public. And
because we did so much research into what authority
we have, and foundation company miniseries, we
now know how to have these conversations fruitfully
and beneficially within the Sandbox ecosystem.
So we have high, highly experienced professionals.
who can do a really good job on the Sandbox Foundation
Special Counsel. More than just giving a, yes,
I like this sip, no, I don't think so, or neutral.
Way more than that. And we've been doing it for
over a year in the Star Atlas style. Yeah. Not
Jackie Chan in chat said, mistakes were made,
lessons were learned, some good times and laughs
along the way. Pretty much how life goes, I suppose.
Exactly. Not Jackie Chan. Exactly. I completely
agree. Here we have our own little tracker for
their improvement proposals over in Star Atlas.
All right, so, yeah. There it is. Let's conclude
today's episode because it turned out to be a
long one, a lot longer than I thought it would
be. Thanks for holding on with me, not Jackie
Chan, no pena. So, that's going to archive the
Sandbox DAO. We just went through everything,
and I'm very happy we did because maybe this
episode might be the only thing left of the Sandbox
DAO. If the sandbox DAO forums disappears, if
the X account disappears, the YouTube account
already disappeared for the sandbox DAO. So if
any of it else disappears, we'll still have this
to look back on if we need to. All right. Episodes.
We are now in episode 71. All right, so we did
episode 70. And... We're now in episode 71, which
is today. I didn't do it that day. When did I
do it? Hold on. Yeah. All right, so episode 71
is done. We only have one episode left before
I... shut down, or I'm going to pause the Sandow
podcast. Only one episode. And that's going to
be a review of the Sandow podcast. I'm not going
to, I wasn't able to lock in a time to interview
Yatsu. His schedule was busy. And also, I think
probably the timing of this Dow pause probably
had something to do with it. I wasn't able to
secure a meeting with his staff. But up until
that point, he was very willing to do it. And
we just had to find a time. Maybe I just didn't
schedule it fast enough. But that's a bummer.
And then the accidental sniping of a fellow ape
when Yuga broke a Guinness World Record. I'm
not going to do that one. At this point, it's
past. But, you know, when I broke a Guinness
World Record some years ago and then listed it
as a resume item when trying to help another
ape with their Guinness World Record. Suddenly
a month later, Yuga Labs is breaking the Guinness
World Record that I broke and I listed on my
resume in the forum. So I didn't think that was
an accident. I think that they saw that and said,
hey, let's break that world record. But they
broke it. It is what it is. And congratulations
to Yuga for holding the record, not just breaking
it, smashed it. 1200 was our record. 1200 FPS
players in a single match. They smashed it with
like 2200? 2500? 2200 people. How cool is that?
That's the wrong one. I want to do this one here.
2200 people. That's pretty neat. Right? There
it is. Congratulations to them. They smashed
it. Great job. So, I'm not going to do that episode.
I did not get around to interviewing the last
DAO delegate, which was Mo from Animoca Brands.
Bummer. Our schedules didn't align on that. And
then the Sandbox ecosystem and the DAO and the
business of the Sandbox. I'm not going to get
around to that one at this point. I don't really
see much need. If I unpause the Sandow podcast,
maybe we will. I did talk about it a little bit,
though, when we discussed the $30 ,000 building
of the Sandbox Dow Education Hub and how the
cost really outweighed a lot of what we were
given up to that point in grants. And so that
$30 ,000 one represented a fair payment in my
estimation and many others, because most of us
knew that it cost more than $10 ,000. And so
the two that I built, I built at loss. And a
lot of that money came out of my own pocket,
unfortunately. I didn't recoup any of that investments
because the NFT program changed, the Catalyst
program was introduced. and we were no longer
able to just mint our assets for sale because
we needed Catalyst, so it increased the cost
and the time and the effort, and they wouldn't
give us any Catalyst in the GMF program, and
it just ended up being a dud, and we weren't
able to recoup any money. So that's a bummer,
but yeah. Here we are. Alright, sandbox spaces.
Where do we congregate? Forums, Discord, Twitter,
X, on YouTube. So the sandbox DAO is now gone.
So let's make that a little bit more opaque.
I guess the adjustments need to be made here.
Let's go ahead and make that. Bummer. Big bummer.
Well, all good things must come to an end. And
Sandbox Spaces, Bulls on the Block, I don't think
they're going anymore. I think they might have
stopped. I need to ask Bulls on the Block folks.
I don't see them on Saturdays as much like I
used to. Coffee with Captain, that one's back
on. Well, members, they're still going strong
every Tuesday. All right. And but while I raid.
While I find someone to raid, let's figure out.
Let's read the chat. Jackie Chan, I see you put
something in there. I think AI will be studying
your documentation of Sandow for benefit of future
generations or for Skynet. Either way, it's appreciated.
Thanks, Jackie Chan. I appreciate you. And you
stuck it out. I really appreciate you. All right,
let's raid. Someone. Okay. Alright, how about
this? Can I raid him? Nope. Can I raid him? I
sure can. Alright. Raid is set. Thank you all
for your time. This was Sandow71. A review of
the Sandbox Dial podcast from 2024 -2026. when
it was born in 2024 and when it paused in 2026.
Thanks, SandFam. Have a good day.