The Sandbox is a project of one of the outstanding blockchain games. The spectacular growth of its SAND token has attracted attention in the cryptocurrency market.
Representatives of the game industry are actively approaching blockchain technology and creating meta-villages to improve interaction with users. Unlike other famous “play to earn (P2E)” games, Sandbox provides a unique virtual experience because there is no predefined game world. It allows users to create in-game items and virtual landscapes and thus contribute to the meta-universe. User content is based on non-fungible tokens (NFTs), which can be monetized.
What Is Sandbox?
Sandbox is a revenue-generating game that combines blockchain technology, DeFi, and NFT in a 3D metaverse. Developed on the Ethereum blockchain, the game gives its participants a unique opportunity to create, own and monetize their in-game experience with non-fungible tokens (NFTs).
In addition to creating your avatars, buying digital land, and accessing various environments in The Sandbox meta-universe, the virtual goods you create can be sold in the Sandbox Marketplace.
The SAND token is Sandbox’s native cryptocurrency, used as the basis for all in-game transactions and interactions. SAND can also be obtained in games, contests, and sales in The Sandbox or bought on cryptocurrency exchanges.
History of The Sandbox
Originally released in 2011, The Sandbox was a mobile gaming platform rivaling Minecraft. The project was a success and gathered more than 40 million downloads worldwide.
Co-founders Arthur Madrid and Sebastian Borge decided in 2018 to explore its potential and created a 3D meta-universe on blockchain. The new project launched in 2020 and soon became one of the fastest-growing games in the crypto universe, along with Axie Infinity (AXS) and Decentraland (MANA).
Sandbox has institutional support and strong partnerships.
In November 2021, the company raised $93 million in funding from investors led by SoftBank’s Vision Fund 2. The company has also announced partnerships with brands and celebrities, including gaming company Atari and rapper Snoop Dogg.
All of this was reflected in the price of The Sandbox token (SAND), which rose 387% in November 2021 to become one of the top 50 cryptocurrencies by market capitalization.
How Does the Sandbox Work?
The Sandbox is a whole virtual world that opens up a wide range of possibilities for the freedom of its users. All processes are supported by Ethereum smart contracts, NFTs, tokens, and blockchain interactions.
With VoxEdit and Game Maker tools, players can build and create their own NFTs, including avatars, virtual assets, and even games. Using these virtual assets to interact with other players, players can also monetize these NFTs by trading them on the Sandbox Marketplace.
VoxEdit is software that allows users to create, manipulate, and animate their NFTs based on voxels - the tiniest three-dimensional units. With VoxEdit, the user can create and bring to life works in various formats, whether designing animals, vegetation, or avatar-oriented equipment such as clothing and weapons.
Game Maker gives users the ability to create and test their 3D games in the Sandbox meta-universe. Users can create and place various elements and objects using NFTs created with VoxEdit or purchased from the market in an environment called LAND.
Users can also share their creations with the Sandbox community.
Sandbox Marketplace is an NFT marketplace where users can transact in-game assets using the native SAND cryptocurrency. In this space, virtual assets can be exported and traded, while others can be purchased for sale.
LAND in the Sandbox
LAND is digital real estate in the meta virtual universe of The Sandbox. Once the player has a piece of “land” in this universe, he can create his modifications using assets created with the Game Maker tool. It is also possible to combine multiple lands into a property.
Sand token LAND is an ERC-721 token from the Ethereum blockchain that delimits a plot of land in the game. The size of the LAND token in the game is 96×96 meters. Therefore, a total of 166,464 LANDs are available in The Sandbox meta-universe.
LAND can be purchased for the SAND token or ether (ETH) in official public sales. LAND can also be purchased from other users on The Sandbox Marketplace and NFT.
In general, LAND tokens in the sandbox allow players to access and create unique spaces in the meta-universe. A user can charge other players to visit their LAND, earn rewards by posting content and events, and sell or rent their custom LAND to monetize gameplay.
What Is The SAND Token?
SAND is The Sandbox’s token that serves all transactions and interactions within the ecosystem. As a service token, SAND is intended for playing games, customizing avatars, buying land, or trading assets (ASSET tokens) in the Sandbox marketplace.
The Sandbox coin SAND is also a management token. Because of this, holders can propose and vote for changes to the platform through a decentralized autonomous organization (DAO) structure. In addition, holders can stake SAND in-game to receive rewards and increase the chance of finding in-game resources needed to create assets with higher rarity.
The Sandbox crypto SAND is an ERC-20 token created on the Ethereum blockchain with a total supply of 3 billion tokens. It can be purchased in various games and contests on The Sandbox website or bought on cryptocurrency exchanges.
Creating a Sandbox Account
To open an account at The Sandbox, you need a cryptocurrency wallet. The Sandbox (SAND) is an ERC-20 type token, indicating that SAND can be stored in any cryptocurrency wallet compatible with ETH and ERC-20 tokens. SAND holders can choose from a rich list of cryptocurrency wallets on the market, mobile, online, hardware, and desktop wallets.
Guarda offers the best solution for storing, buying, and selling SAND tokens. Storing your SAND tokens with the Guarda wallet provides a secure, high-level solution with convenient functionality.
Get Guarda wallet on all possible platforms, including Windows, Mac, Android, iOS, and browsers.