Sandbox token (SAND) appeared to be among the metaverse tokens’ prices that took a massive hit amid the recent market crash after it dipped 5%.
Meanwhile, the Sandbox announced a 5 million mSAND token distribution in a bid to entice its Land Owners.
Over 5 million mSAND tokens available for grabs
The Sandbox recently announced that the mSAND token available on the Polygon network is up for grabs. The snapshots were taken on May 13, 2022, for the distribution procedure. The claim is open to anyone who owns land in SAND’s metaverse as of the announced date. However, the sand will be distributed to holders according to their tier.
The Sandbox began deploying a layer-2 ecosystem on the Polygon network. Its native token SAND will be known as mSAND on its ecosystem. Meanwhile, the price of SAND tokens has dropped by almost 6% in the last 24 hours. The token was trading at an average price of $1.31 at the time of writing. The token’s price has plummeted by more than 38% in the last 30 days.
According to Sandbox’s landowner roadmap 2022, an anniversary claim of the SAND token will go live on the 1000th day of their metaverse. It will drop in September 2022.
SAND, POC takes pride month to Metaverse
The Sandbox has announced that they would collaborate with the newly launched People of Crypto Lab (POC) to celebrate Pride Month. The new hub will go live on June 24, 2022, during the special “Belonging Week”. This will increase diversity, representation, and culture in Web 3. The partnership will be with a collection of 8,430 geneses of unique avatars. It will be minted on June 17.
The metaverse tokens have cumulatively lost over 6% in the last few days. The overall market capitalization has dropped to $13.6 billion. The 24-hour trading volume has dropped to $3.3 billion. Meanwhile, with a market cap of $1.61 billion, the SAND is the third-largest metaverse token.
