The Sandbox - Simplifying crypto payroll for a metaverse giant

Problem

Payments and accounting are challenging for large companies that deal in crypto. Managing payroll and transaction records in crypto was an administrative headache for the team at The Sandbox.

Making manual payments to large numbers of blockchain wallet addresses, and recording the transactions took up precious time and energy from the team each month.

They really needed a way to automate payments to their employees and contractors, and easily account for the company’s crypto transactions and assets during annual financial audits.

Solution

When Christophe Fonteneau from Request Finance showed the team at The Sandbox a live demo, they were eager to test it out.

They were impressed with the ability to easily send, receive, and pay all our invoices in the Request Finance web app. The ability to make batch payments to multiple addresses all in one click was also very handy. Having all of their crypto transactions recorded in a single dashboard also meant easy access to information for bookkeeping during audit season.

The team had looked at other solutions before. But the alternatives they saw didn't have all the functionalities they needed, like requesting invoices, batch payments, and integration with multisig wallets like Safe. Only Request Finance did.

“Basically, Request Finance is the best product in the market, and we have been using it ever since the start of the year in 2021.” -Sebastien Borget, co-founder and COO of The Sandbox

Saved 90% of time

Request Finance has helped the team save time and energy that they used to spend on these administrative finance operations. It has helped them slash the time spent on making crypto payments by 90% every month.

That frees up the team’s time and mental resources to focus on building a better platform for their community of creators and gamers.

It took less than a day for The Sandbox team to get up and running with Request Finance. Now they use it for all payments made in their native token, SAND.

Hear from Sebastien Borget, co-founder and COO of The Sandbox, about how Request Finance has helped streamline payments and accounting in crypto, allowing the NFT-gaming company to spend more time building its platform instead:

“Other solutions we saw didn't have all the functionalities we needed, like sending invoice requests, batch payments, and integration with multisig wallets like Gnosis. Only Request did”. 

About The Sandbox

The Sandbox is a virtual Metaverse where players can play, build, own, and monetize their virtual experiences. Like games such as Minecraft, The Sandbox is a blocky world made of volumetric pixels, or voxels, where players can combine elements to make their own digital creations.

The company has more than 150 employees, and has recently announced a 93M Series B funding round at the time of writing. It has attracted notable investors like SoftBank, and Ubisoft.