SIP-1 [Resubmitted]: Introducing The Sandbox DAO

TLDR

What

This SIP (Sandbox Improvement Proposal) introduces The Sandbox Decentralized Autonomous Organization (The Sandbox DAO) and proposes the approval of its:

• Constitution
• Special Council (including its initial members)
• Advisory Board (including its initial members)
• Communication channels
• Code of Conduct
• Administrative resources

Pursuant to the Constitution, holders of SAND and LAND tokens may vote:

• Yes - Approve this SIP
• No - Reject this SIP
• Abstain - Cannot decide

Why

Empowering a global community of creators and gamers, The Sandbox’s DAO envisions a decentralized, innovative, and inclusive virtual universe.

How

The DAO will act as a decentralized community with the power to propose and vote on key matters related to its values and the ecosystem associated with The Sandbox metaverse. The DAO will be supported by The Sandbox Foundation (see SIP-2) which, as a Cayman foundation, will provide the legal structure, tools and resources necessary to effect the DAO community’s decisions.

When

The Sandbox DAO is intended to exist in perpetuity.

Who

The authors of this SIP are Arasakio and The Sandbox.

SIP Details

Background/Context

Empowering a global community of creators and gamers, The Sandbox’s DAO envisions a decentralized, innovative, and inclusive virtual universe. The Sandbox DAO Constitution describes its vision and values, governance framework, and the roles of the Special Council and Advisory Board. The Code of Conduct sets the standards for the community and member interactions, with specific requirements for members of the Special Council. This SIP also nominates the initial members of the Special Council and Advisory Board, establishes the DAO’s official communications channels, and provides for the initial administrative teams and resources required to effect the DAO’s decisions.

Description

The Sandbox DAO Constitution

Election of the Initial Special Council

• In accordance with the Constitution, The Sandbox DAO Special Council is hereby established to review and advise on SIPs in alignment with The Sandbox DAO’s vision and values, and Code of Conduct.

• The initial members of The Sandbox DAO Special Council, each of whose term will begin this SIP is finally approved and will terminate as of December 31, 2025, will be:

    - Yat Siu (Chairman, Animoca Brands)
    - Sébastien Borget (COO and Co-Founder, The Sandbox)
    - Shannon Snow (COO, World of Women)
    - Jean-Michel Pailhon (Co-Founder, Grail Capital)
    - Frédéric Montagnon (Chairman, Arianee)
  

Election of the Initial Advisory Board

• In accordance with the Constitution, The Sandbox DAO Advisory Board is hereby established to serve as cultural ambassadors and strategic advisors to and on behalf of the DAO, leveraging their expertise and networks to guide the DAO towards achieving its vision of a decentralized, vibrant metaverse.

• The initial members of The Sandbox DAO Advisory Board, each of whose term will begin this SIP is finally approved and will terminate as of December 31, 2025, will be:

    - Mia Bao (Founder, BeepCrypto and DAOBase)
    - Anthony Chao (Co-Founder & CEO, Chord Hero)
    - Loretta Chen (Co-Founder & CEO, Smobler Studios)
    - Zaf Chow (CCO, Artifact Labs)
    - Samuel Choy (General Manager, Bliss Concepts Limited)
    - Inna Modja (CEO, Code Green)
    - Matheus Vivian (Co-Founder & CEO, Hermit Crab Studio)
  

Communications Channels

• Website The Sandbox DAO will maintain a website with basic information about the DAO at www.sandboxdao.com.
• The website will act as the DAO’s hub, welcoming existing and new community members. Among other information, it will include: - the DAO’s vision and values; - a list of active SIPs; - a snapshot of the DAO’s treasury; - its governing documents; and - its Code of Conduct.
• Discussion Forum The DAO will maintain a forum on Discourse.
• Voting Platform The following Snapshot URL will be used to coordinate voting on SIPs: https://snapshot.org/#/sandboxdao.eth It is also possible to vote directly from the DAO’s website

Code of Conduct

• General Community Code of Conduct: In all interactions, each member of The Sandbox DAO should: - agree to and abide by The Sandbox DAO Terms of Use. - be respectful of other community members. There is a zero-tolerance policy for any form of discrimination or hate speech.

• Special Council Code of Conduct Each member of The Sandbox DAO Special Council shall: - commit to serving The Sandbox DAO with integrity, impartiality, and dedication to the DAO's guiding values and goals. - adhere to the highest ethical standards, avoiding any actions or decisions that could harm the reputation or functioning of the DAO. - abide to the General Community Code of Conduct - disclose any conflict of interest they may have with a SIP or the matters therein prior to voting whether or not to recommend the SIP to the community. - maintain confidentiality where required, respecting the privacy and security of information of The Sandbox DAO. - in cases of disputes or disagreements among members of the Special Council, strive for resolution through open dialogue and consensus-building. - maintain active and transparent communication with the DAO community.

Administrative Resources

• The Sandbox Foundation will engage TSB Gaming Ltd to provide support services, either directly or through its affiliates, to effect the decisions of The Sandbox DAO. These services will include, but are not limited to, software development, finance and administrative support. These services are intended to assist the DAO during its initial rollout and may be reassessed in November 2024.
• In addition, The Sandbox Foundation will engage Arasakio to manage the DAO’s governance process, including but not limited to reviewing SIPs and making recommendations to the Special Council, managing the Snapshot voting process, and managing the DAO’s website and other communications channels. These services are intended to assist the DAO during its initial rollout and may be reassessed in November 2024.

Rationale and benefit

Together, we are not just building a platform, but a legacy in the metaverse for generations to come. In The Sandbox, supported by The Sandbox DAO, creativity, collaboration, and ownership thrive. Every contribution is valued, every voice is heard, and every decision marks a step towards a vibrant, community-driven universe.

Risk analysis

Recognizing the complexities of building a truly democratic platform, we are committed to a journey of progressive decentralization. The DAO’s Constitution is expected to evolve with time, including to account for potential disparities in voting power. To protect the DAO’s treasury, SAND will be allocated progressively.

Implementation Plan

• The Sandbox DAO Phase 1 and 2 (May - November 2024):

  In DAO’s foundational phase, it is intended that the administrators will more actively curate SIPs to focus on responsible treasury management, crafting themes and issuing rewards for assets and games, grants to charity and key decisions with respect to the DAO’s NFT collection.

• The Sandbox DAO Phase 3 (From November 24, 2024):

  As the DAO evolves, it is expected the Constitution will change to reflect most effectively the voices of all the community, including by adjustments to reduce disparities in voting power. The role of the administrators will change, and the community will have even more power to propose and vote on SIPs.

Resources required

• Special Council member compensation
• Compensation for administrative team and resources (TSB Gaming Ltd. and Arasakio)
• Legal review

Monitored Metrics to track success

• From Phase 1
  • number of unique visitors to The Sandbox DAO website
  • % of SAND and LAND holders to participate in at least one vote
  • % of daily active gamers & creators to participate in at least one vote
  • % of voters joined the Snapshot Space

Voting Options

• Yes - Approve the constitution
• No - Reject the constitution
• Abstain - Cannot decide

Voting Period: 14 days

APPENDIX

• Author: Arasakio and The Sandbox
• Constitution
• Discourse
• https://snapshot.org/#/sandboxdao.eth
• DAO’s website