The Sandbox (SAND) is a community-driven platform where creators can monetize voxel ASSETS and gaming experiences. It is a metaverse, a virtual world on the blockchain, that allows users to create, build, buy and sell digital assets as part of a game. It also combines the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs) to create a decentralized platform for its thriving gaming community.
SAND is the utility token used throughout The Sandbox ecosystem as the basis for transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain. The token is available on Binance, Upbit, Huobi, Uniswap, and KuCoin, among many other exchanges and platforms.
Being a virtual metaverse, users can also own a digital piece of real estate, called LAND. According to SAND’s website, “Once a player owns a piece of LAND, they will be able to populate it with games and assets. Multiple LANDS can be combined to form an ESTATE.” There are a total of 166,464 LANDS available, contained in a map that will form The Sandbox metaverse.
Besides, GEMS and CATALYSTS define the tier, scarcity, and attributes of ASSETS. CATALYSTS add empty sockets to the NFTs that can be filled with GEMS. Users can monetize their time on the platform, by keeping 95% of the SAND revenue by: selling assets on the marketplace as NFTs, owning a LAND, and building games on the Game Maker.According to CoinMarketCap, the price of The Sandbox at the moment of writing this article is US$5,70 with a 24-hour trading volume of US$1.627.890.945. SAND is currently ranked number 34 in CoinMarketCap’s ranking, with a live market cap of US$5.245.087.885, a circulating supply of 919.498.319 SAND coins and a maximum supply of 3.000.000.000 SAND coins.