The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform. The live The Sandbox price today is $0.44 USD with a 24-hour trading volume of $658.96K USD. The price of SAND is down -0.18% since last hour, down -0.85% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $0.00 USD. SAND has a circulating supply of 2.25B coins and a max supply of 3.00B SAND.

1. Furthermore, they can transform LAND into valuable ASSETS and trade them within The Sandbox’s metaverse.
2. Beyond LAND, The Sandbox boasts an array of digital assets like ASSETS, ESTATES, GEMS, and CATALYSTS, each contributing to the richness of this virtual world.
3. The Sandbox is a unique multiplayer game that enables players to craft digital assets and immerse themselves in virtual experiences.
4. While free to explore and experience, only people who purchased an Alpha Pass NFT were eligible to receive play-to-earn token rewards for completing quests.

Who Are the Founders of The Sandbox?

In 2018 Animoca acquired Pixowl, announcing its goal to create a 3D sandbox-style game using blockchain technology. In August 2020, The Sandbox raised $3 million for future operations through an initial coin offering (ICO). The network’s Marketplace has a 5% transaction fee which can be paid in SAND.

About The Sandbox?

It’s similar to Decentraland, albeit with more of a pronounced video game-like look and feel to it. CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap. Get latest crypto prices, predictions,news, and historical data for Bitcoin and thousands of altcoins.

Where can you buy The Sandbox?

However, The Sandbox is where it is because of its appeal as a game and a platform for creativity where users can reap fair rewards for their work. While it is already one of the top blockchain games right now, its sights are set on giants of the genre like Minecraft and Roblox. The Sandbox Evolution launched in 2016 as a 2D sequel to the pixel art original. It allowed for much bigger worlds, the use of in-game currency that players could earn, and gave players the ability to create their own games within their worlds. The Sandbox allows players to shape the gaming world the way they envision it by allowing ownership of land that they can build on.

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There are also fees made by creators of content but they are monitored by the network to remain fair and competitive. If you look to trade SAND on a third-party platform you will experience a trading fee of generally no more than 0.75%. This is a project which found issues with the way the gaming industry works right now and aims to solve some of them.

It wasn’t until June when SAND price started to move again as it rallied from $0.1 to around $1.2 by Aug. 30, 2021. On Nov. 25, 2021 — a surge of 1,000%+ in just 36 days, marking a new all-time high. In today’s world, the support for crypto is growing steadily and some of them are even being used as payment options on some of the biggest e-commerce platforms. However, is buying land a good investment this doesn’t change the way that their legal status varies from one country to another. Click here to check the legality status of cryptocurrencies by country. It must be noted that holders of more LAND tokens reap a greater yield from staking SAND tokens, with the maximum threshold of 1000 LAND tokens multiplying the staking reward by a factor of 1.6.

Additionally, The Sandbox offers the unique opportunity to combine multiple LAND plots, forming even more valuable ESTATES. You can amplify the value of your ASSETS through the strategic use of NFTs like CATALYSTS and GEMS and significantly enhance your virtual wealth within The Sandbox. During a fundraiser in Nov. 2021, The Sandbox raised a whopping $93 million through SoftBank’s Vision Fund 2. The funds would https://cryptolisting.org/ be put towards the growth of The Sandbox creator’s economy as the platform expands into virtual concerts, fashion, and architecture. As such, its energy consumption isn’t significant at all compared to proof-of-work blockchains like Bitcoin, with its legions of computer chips mining away. Purchasing SAND on a CEX (centralized exchange) like Binance is instant, but no actual movement of funds takes place.

Binance is a notable option for SAND purchases since SAND used the Binance launchpad for fundraising. All in-game content, meaning LAND and ASSETs, is controlled by the players who own them. While this is called staking, it doesn’t mean that The Sandbox runs a proof-of-stake blockchain. Rather, it describes the activity of providing liquidity, referred to as LP in decentralized finance.

However, it can be staked to earn rewards, with your earnings depending on how much you stake. In Q4 of 2021, the sports apparel giant Adidas confirmed that it would be partnering with The Sandbox to develop an “adiVerse”, a virtual footwear wall with the Metaverse platform. The sportswear company purchased LAND on The Sandbox hinting at future NFT projects which saw SAND’s price rally on Nov. 25, 2021. The Sandbox uses three integrated platforms to power player content creation. It empowers players by giving them copyright ownership of the content they create using smart contracts. Unlike the proof-of-work (PoW) consensus mechanism employed by the Bitcoin blockchain, PoS does not require vast amounts of electrical or computing power to validate transactions.

And as the wider game world takes shape and more builders come in, there’s bound to be a much greater variety of things to see and play. As of this writing, The Sandbox has hosted two of those alpha playtest periods, each lasting a few weeks and opening up a small selection of curated experiences to the public. For example, in the last session, there were over 35 different worlds to explore, including experiences from Snoop Dogg and the SCMP, plus an NFT museum anchored by World of Women imagery. We haven’t seen the full experience come to life yet, but part of what gets some people excited about The Sandbox is the ability to own a personal space in a shared game world.