Latest UpdatesUpdated at 04:09
What about Sandbox?
The Sandbox is a blockchain-based virtual world that uses a play-to-earn model. Surprisingly, the project was created back in 2011 but reached its peak of popularity only in 2021. The game allows users to create, buy, and sell digital assets. SAND, its native token, gives some governance opportunities so that users can share their opinion on the project's development process.
SAND is the Sandbox native token issued in accordance with the ERC-20 standard of the Ethereum network, with a total supply of 3 billion tokens.
In order to play the game, customize their avatars, purchase lands, or exchange Assets in the Sandbox Marketplace, users need SAND tokens.
Token ownership also enables holders to propose and vote on changes to the platform through the Decentralized Autonomous Organization (DAO) structure.
Buy The Sandbox Without Any Hassle
The Sandbox (SAND) Overview
The Sandbox (SAND) is a voxel-style interactive virtual universe (metaverse) and one of the most heavily used NFT gaming platforms of today. The Sandbox invites individuals and companies to build their own virtual worlds and trade digital assets to achieve the utmost personalization of their virtual real estate.
By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox (SAND) creates a decentralized platform to disrupt the traditional gaming industry.
The Sandbox game employs the SAND utility token to facilitate in-game transactions. The platform focuses on fostering a creative “play-to-earn” model, where users can be both creators and gamers simultaneously. SAND tokens are required to play games, purchase in-game stuff, or personalize avatars.
The ultimate mission of the Sandbox (SAND) is to introduce blockchain technology into mainstream gaming, offering players such advantages as true ownership, digital scarcity, monetization capabilities, and interoperability.
How Does the Sandbox Work?
The Sandbox (SAND) is an NFT (non-fungible-token) game, where players can monetize their volume-pixel properties and commodities. In this sense, The Sandbox is similar to other white-hot voxel games like Minecraft and Roblox. These gaming platforms provide players with tools to create and animate different objects and then trade them via internal marketplaces.
In the Sandbox game, individuals can play, collect blockchain-based assets, interact with other players, and even design their custom games. The platform is powered by the ERC20 token SAND. SAND tokens are required to conduct in-game transactions, such as purchasing in-game items from the embedded store.
As for the play-to-earn mechanics, the Sandbox (SAND) decentralized platform has it in the form of plots of land. Users can purchase parcels of land in this NFT Metaverse and then develop their real estate in whatever they please. Once the plot of land is well-developed, it can be traded or rented out. Some great real estate properties come with a multi-million price tag in this trendy NFT game!
Members of this thriving gaming community can also earn rewards as SAND tokens or NFT parcels of land. They can do so by participating in events, activities, and contests arranged by the Sandbox game.
What Is an NFT Game?
Alternatively called play-to-earn (P2E) or blockchain games, NFT games allow players to earn crypto rewards for completing challenges and progressing through the game. The Sandbox, Axie Infinity, and CryptoKitties are the most famous blockchain-enabled P2E games.
The concept of NFT revolves around non fungible tokens. These tokens are digital collectibles whose history of ownership is recorded on an underlying blockchain, such as the Binance Smart Chain (BSC) or the Ethereum Network. NFTs are unique, distinguishable, and tamper-proof.
The NFT game combines traditional game design with non-traditional game mechanics to give users more control over in-game assets, such as skins, digital pets, in-game accessories, weapons, virtual real estate, and things like that. The custody of players over their in-game items is ensured and protected by blockchain technology, where digital assets are kept immutable, and cannot be changed or edited.
NFTs are created using the same encryption method as popular cryptocurrencies, like Bitcoin or Ethereum. Yet, NFTs slightly differ from crypto coins. For instance, NFTs are indivisible. While you can own a half, one-tenth, or even a smaller denomination of the BTC coin, an NFT cannot be divided into smaller units, and can be possessed as a whole thing.
View the current price of the Sandbox (SAND) on the chart above, or buy the Sandbox coin through our handy platform.
What Is the Sandbox Metaverse?
The Sandbox Metaverse consists of LANDS – virtual pieces of ground that are owned by players to create and monetize experiences. The game offers only 166,464 LAND plots, which can be used to host games, create housing, or offer social experiences to the community.
The Sandbox lands are virtual real estate units, represented by non-fungible tokens (NFTs). These digital parcels can be bought, sold, and developed. So, players can unleash their creativity and monetize their gaming experience – all in one game.
To buy a land parcel on the Sandbox platform, you'll need a digital wallet that supports Ethereum and NFTs, acquire Ethereum (ETH) from cryptocurrency exchanges, connect your wallet to the Sandbox marketplace, browse available LAND parcels, and choose and purchase the desired parcel. By owning a piece of metaverse land, you become part of a movement that's redefining how we experience technology.
What Is the SAND Token?
The Sandbox's native currency and utility token is called SAND. SAND follows an ERC20 standard as a token built on the Ethereum blockchain. Thanks to the Merge update, Ethereum is now validated using a proof-of-stake (PoS) consensus mechanism, which means owners can stake it and benefit from staking rewards.
Unlike LAND, SAND is a fungible token that can be exchanged for other tokens of the same type, like other cryptocurrencies and fiat currencies.
There is a fixed total supply of 3,000,000,000 SAND tokens, with 1,000,000,000 out of the max supply being in active circulation (a circulating supply).
What Is the Purpose of SAND Tokens?
SAND is used within the Sandbox ecosystem to facilitate a digital economy for creators, players, and owners of non-fungible token (NFT) assets.
SAND is also a governance token. The project promotes decentralized governance and allows users to share their views and ideas about the development of the platform.
In the Sandbox virtual world, NFTs (blockchain-based assets) are presented by LANDs, player avatars, equipment, and more. SAND can be earned through various ways, such as Play & Earn activities, creative contests, and professional work. It can also be staked for passive rewards or used to monetize assets and virtual experiences.
Users can buy and sell Sandbox tokens on cryptocurrency exchanges. The asset can also be used within the Sandbox blockchain-based creative platform for governance and staking.
What Is the Sandbox Marketplace?
The Marketplace is a platform within the Sandbox ecosystem where users can search for digital content as non-fungible tokens (NFT creations) to enhance their experience in playing, creating, and earning.
What Is the Sandbox Game Maker?
The Game Maker is a special development infrastructure that allows users to design and launch their own games within the Sandbox decentralized universe. Game creators, with varying development skills, receive all the necessary tools they need to bring their ideas to life.
With features like customizable LAND sizes, various themes to choose from, ready-made templates, and a wide range of gameplay elements, you have the freedom to design and craft your games according to your vision. With options to add NPCs, quests, enemies, and collectibles, you can create immersive and interactive worlds for players to explore.
The Maker also offers customization options for avatars, doors, and switches, allowing you to add depth and complexity to your games. VoxEdit, a free software tool, helps platform users to model and create NFTs.
For those new to the platform, there is a supportive community on Discord where you can seek guidance and inspiration from fellow creators.
Who Created the Sandbox Metaverse?
The Sandbox virtual world was created by TSB Gaming (formerly known as Pixowl), a development company, co-founded by Arthur Madrid and Sebastien Borget. TSB Gaming, commonly known as The Sandbox, was founded in 2011 and is now a subsidiary of the Hong Kong-based Animoca Brands. Their chief product, The Sandbox, is a 3D blockchain-based video game, platform, and game creation system that was released in 2021. This release marked a sequel to the company's 2012 2D world-building mobile game.
Notable events in the development of The Sandbox include its initial coin offering (ICO) in 2018, where they raised $2.8 million, and subsequent partnerships with prominent companies and individuals, such as Atari and musician Deadmau5, to create content and experiences within the metaverse. It also secured support from notable investors like True Global Ventures, Liberty City Ventures, Galaxy Interactive, Kingsway Capital and Blue Pool Capital.
View the current SAND price, as well as the price history of the Sandbox cryptocurrency, on the interactive chart above. Our crypto exchange allows you to access the lowest price and the highest price paid for the SAND token. For example, its all-time high is $8.44, while the all-time low is $0.03.
What Is the Current Sandbox Price?
Changelly’s interactive Sandbox price chart displays the live SAND price in USD with the current market cap (market capitalization), 24-hour trading volume, and recent price change of the Sandbox coin. Our SAND-USD price updates in real time, allowing you to track the fluctuations of the Sandbox cryptocurrency.
Our crypto exchange also offers the Sandbox SAND price prediction that forecasts the potential movements of the Sandbox price in the future years. Yet, do your own research and follow the latest Sandbox news before completing any transactions with the Sandbox (SAND) cryptocurrency.
Through our platform, you can also easily swap your Sandbox coins for different crypto assets, like Binance Coin, Bitcoin Cash, and many other assets. Alternatively, you can buy SAND tokens or sell your Sandbox holdings with the help of our platform. Changelly is well-known for its immediate processing times, secure transactions, and budget-friendly fees, making it one of the best cryptocurrency exchanges in the industry.
What determines the price of The Sandbox?
What was the starting price of The Sandbox?
What was the highest price of The Sandbox?
What was the lowest price of The Sandbox?
Related articles about The Sandbox
Subscribe to our newsletter to get the latest crypto insights and price updates.