News : Sebastien Borget's Keynote at NFC Lisbon: Announcing The Sandbox DAO

According to Foresight News, The Sandbox has launched The Sandbox DAO, a project that will be divided into three phases, allowing SAND holders and virtual LAND holders to vote on the project and propose improvements through Sandbox Improvement Proposals (SIPs). The first phase will begin on May 28, and the community will be able to vote on SIPs, but The Sandbox staff will still manage some operations. The second phase is considered its 'exploration' phase, and it is expected that Sandbox DAO will be able to separate from the parent company. By the third phase, the DAO will be fully operational and achieve community-driven governance.

See the binance website post.