The sandbox is an Ethereum-based gaming virtual space where players may create and monetise their own game experiences using non-fungible tokens (NFTs).
Vox edit marketplace and Game maker are currently available on the sandbox platform. With the Sandbox, You can create game assets, such as a dragon, on each of these platforms, which can be converted into an NFT and sold on the market.
Marketplace assets are created using voxels, which are the equivalent of 3d pixels, to create a variety of objects that may be animated using templates. The Sandbox’s decentralized marketplace allows in-game assets developed with NFT creators to be traded.
As a result, millions of players will be able to enjoy generating, exchanging and selling game assets that have been published on the Ethereum blockchain to demonstrate ownership and full monetization. Finally, Sandbox’s game builder allows users to create 3D games for free and without the need for coding skills [Music].
To empower gamers and creators, the Sandbox virtual world employs blockchain technology, SAND utility tokens, and NFTs. Sandbox users will be able to benefit from genuine digital ownership security and immutability, as well as trade and cross-application compatibility, thanks to the use of NFTs.
The SAND token is a currency that may be used for staking and governance as well as storing the values of land NFTs governance and participants. The Sandbox platform presently runs entirely on Ethereum; the SAND gem and catalyst tokens use the erc20 standard, while land and asset storage and trade employ the erc 1155 and drc 721 standards.
An asset is the name of the token that refers to voxel assets created with the voxedit voxel editor on the Sandbox marketplace. These assets are uploaded into the blockchain ecosystem through the marketplace and transformed into NFTs automatically.
Finally, gems and catalysts define tier scarcity and asset qualities. A catalyst adds empty sockets to NFTs that can be filled with gems. The more sockets your item has the greater the catalyst’s quality.
The Sandbox Tokens: $SAND
SAND is a crucial component of the Sandbox platform, as it is the sole means to purchase land in the metaverse.
In the Sandbox metaverse, land is a digital piece of real estate. Customers can purchase land and use it to construct whatever experience they like. The land, as well as everything on it, is wholly owned by the customers.
SAND is an erc20 utility token built on the Ethereum blockchain that serves as the foundation for transactions within the sandbox.
Players spend sand to play games, buy equipment, and customize their avatar character, while creators spend SAND to acquire assets, lands, and earn passive income through staking.
SAND is a governance token that allows its holders to vote on platform governance issues. They can exercise voting rights on essential features like foundation grant attributions to content and game makers using a dow structure.
Prioritization of the platform roadmap in the future SAND provides staking, which allows for passive revenue on lands.
You gain additional SAND by staking it, and it’s also the only method to get valuable gems and catalysts, which are required for asset development as the Sandbox grows. Sand stakers receive their fees through a foundation and staking pool managed by a community-owned DAO.
How to get $SAND
Players and developers have a plethora of ways to obtain $SAND at their disposal. They can also purchase it with their credit or debit cards, through the exchange of Ether, and gamers will be able to earn $SAND tokens while playing the many games uploaded to The Sandbox ecosystem.
Below are five ways to acquire $SAND.
Buying from crypto exchanges
SAND can be purchased on crypto exchanges built on the Ethereum blockchain. One of the best of these exchanges to use is Binance. However, there are a host of others out there that you can use.
Some of these are; Huobi, WazirX, UPbit, crypto.com, or Poloniex. Take note that you have to create an account with these platforms before you can buy crypto from them.
Another way you can get SAND is by swapping Uniswap.
With ETH or DAI, you may simply swap (exchange) them for $SAND tokens on these exchange platforms or on Uniswap, to name a few of the popular options.
The Sandbox Ambassador program
Sandbox rewards its ambassadors, so if you want to earn Sandbox, it’s high time you jumped in on their reward program. Anyone is invited to submit an application to become one of our Ambassadors; however, keep in mind that not all candidates will be selected.
After being selected, all you have to do is educate the Sandbox community and moderate their channels, use and provide feedback on various Sandbox products (Dashboard, VoxEdit, marketplace…).
Finally, assist Sandbox with various tasks such as collecting feedback and providing the best experience possible for the community.
It is possible that The Sandbox DAO or The Foundation will decide to offer its community periodic $SAND airdrops in order to promote and encourage creativity in The Sandbox ecosystem on a periodic basis.
Creators may then utilize the $SAND in conjunction with the VoxEdit ASSET creation tool, or by generating immersive interactive experiences with our Game Maker drag and drop game maker, to create immersive interactive experiences (register to get early access to the alpha version).
Sandbox referral program
Another way to earn SAND is to become an affiliate of the company. How do you go about achieving this? After logging into your account, you will see a special tracking link on your “Me” page, which will allow you to earn referral money for everyone who registers an account and makes a purchase in The Sandbox.
For a period of 30 days, you will get a commission of 10% of ALL purchases made by any referred account. Ensure that your referrals register using your unique link.
Is the Sandbox worth buying?
Sandbox was created in 2011 by Pixowl, which was co-founded by entrepreneurs Arthur Madrid and Sebastien Borget and was bought by Hong Kong-based venture capital fund Animoca Brands in 2018. Pixowl was started in 2011 by entrepreneurs Arthur Madrid and Sebastien Borget.
According to the whitepaper published by Sandbox: “In the existing gaming market, the centralised ownership and management of user-generated content restrict the rights and ownership of content creators.”
The centralization of control over the selling of virtual commodities made by players prevents them from obtaining a reasonable amount of money for their works on the market.
In addition, it might be difficult to establish creative ownership of works, particularly in light of the widespread copying, alteration, and construction of material.
As of late October, the price of SAND tokens was around $0.80 per token, with the price reaching an all-time high of $3.45 on November 3 in response to news of the Softbank investment, which broke on November 2.
After falling to $2.05 on November 10th, the price of the SAND token rose to an all-time high of $8.51 on November 25th.
In addition, it’s vital to remember that cryptocurrency markets are still incredibly volatile, making it impossible to precisely anticipate what a coin’s price will be in a few hours, and much more difficult to make long-term predictions.
As a result, analysts and algorithm-based forecasters have the potential to make incorrect forecasts.
It is always advisable to conduct your own research and take into account the most recent market trends and news, as well as technical and fundamental analysis and professional opinion, before making any investment choice.
Never put more money into an investment than you can afford to lose.
According to a statement released on November 12 by NFT developer GreenPark, the company will collaborate with community NFT platform Grow Your Base and development firm MVStudios to expand GreenPark into the Sandbox game.
“We’ll encourage our NFT holders to participate in shaping and experiencing this exciting new expansion in the first quarter of 2022,” GreenPark added.
Sandbox stated on December 1 that it will be selling virtual plots adjacent to the plot where musician Snoop Dogg was rumoured to be building his house – a concept known as the Snoopverse.
On the 3rd of December, it was disclosed that someone had spent 149ETH (about $620,000) for the “Metaflower Super Mega Yacht” NFT, which was built by Republic Realm as part of their Fantasy Collection for the Sandbox metaverse.
Sandbox Price Prediction
In accordance with the most recent statistics available from Priceprediction.net, the current price of The Sandbox is $5.14, and SAND is now ranked # in the whole cryptocurrency ecosystem.
The circulation supply of The Sandbox is 915,364,619 copies, and the company has a market capitalization of $4,709,519,088 dollars.
As a result of a rise in its trading volume and market capitalization, the price of The Sandbox has seen a significant gain of 4.78 percent in the previous 24 hours.
The SAND has been on a strong rising trend over the past seven days, increasing by 2.41 percent. Recently, the Sandbox has demonstrated tremendous promise, and now may be an excellent time to get in and make a significant investment.
However, by comparing the present price of The Sandbox to the price history of the last 30 days, it is discovered that the value of The Sandbox has climbed by 83.324 percent. Price ranges from $0.73 for the lowest average price to $0.86 for the highest average price for the month. This means that this coin is a good asset and a new addition to your portfolio of coins for the long term and that you should consider purchasing it.
A total of 88.12 percent has changed in the price over the last 90 days, with the price fluctuating between a minimum average price of $0.58 and a maximum average price of $0.68 throughout the course of the previous 90 days.
In the last four months, there has been an upward tendency in the Sandbox. As a result, we believe that similar sections of the market were extremely popular throughout that time period.
It has been discovered that the trade volume of The Sandbox has grown from the previous four months’ worth of data collected. The trading volume of security plays an important influence in determining its price.
The currency’s value has increased by 86.83 percent in the last four months, with the greatest average price of the coin being around $0.52 and the lowest average price hovering around $0.45.