The Sandbox is a metaverse platform where users can build, own, and monetize their gaming experiences. It is one of the earliest metaverse built on the Ethereum blockchain with over 2 Million users. But, just recently, there have been claims that The Sandbox users don’t actually own their NFTs on the platform.
Who Really Owns Your NFTs Associated With The Sandbox?
In a blog post, Indiana University associate law professor João Marinotti said that you don’t actually own the NFTs associated with The Sandbox. He said that according to the platform’s Terms of Service; it has the right to end your ability to use or access your digital assets.
If The Sandbox “reasonably believes” you engaged in any of the platform’s prohibited activities, it may immediately suspend or terminate your user account. The TOS said this requires subjective judgments if you interfered with others’ “enjoyment” of the platform.
The metaverse company also has the right to delete your NFT’s images and descriptions from its platform. The Sandbox can do this without any notice or liability to you.
In fact, The Sandbox even claims the right in these cases to immediately confiscate any NFTs. This can happen if it deems you acquired it as a result of the prohibited activities.
How it would successfully confiscate its user’s blockchain-based NFTs is still a mystery. However, this raises questions about the validity of virtual ownership.
As of writing, the popular metaverse platform has been silent regarding these claims.