What Is The Sandbox? All You Need to Know About SAND
What Is The Sandbox Game?
The gaming industry is among the few industries to incorporate blockchain technology. The gaming industry was already booming before the advent of blockchain technology and building games, such as The Sandbox Game on the blockchain made them unique, in high demand, and with the opportunity to earn, create and interact in the ‘Metaverse’.
Sandbox is one of the most anticipated online, PC, Mobile, and Mac games of 2020 and the most anticipated blockchain game that offers creators the ability to build, share, and monetize amazing games on The Sandbox Gaming Platform.
The Sandbox is an invention of Sébastian Borget and Arthur Madrid, who released the first version of The Sandbox as a mobile game in early 2012. The game generated more than 40 million downloads worldwide, a success that convinced the company to create a 3D sandbox-style world by leveraging blockchain technology. In 2020, The Sandbox conducted a successful Initial Coin Offering (ICO) and raised over $3 million in funding. The platform officially launched in December of that year, and SAND tokens began trading on cryptocurrency exchanges.
The Sandbox is an Ethereum-based video game that lets users own a piece of land in the form of an NFT in ‘The Sandbox Metaverse’ — a collection of virtual worlds (LAND) built using blockchain technology.
Therefore, with the global success of the Sandbox Mobile games: “Sandbox (2011) and Sandbox Evolution (2016) which generated over 40 million downloads across iOS and Android.”
The goal is to replicate the same on the blockchain by launching a unique metaverse game that enables users and developers to have true ownership of their creations as user-generated content (UGC), a gaming IP that would rival existing game makers such as Minecraft, Roblox, etc by taking a step further to provide creators with the needed tools such as Voxel Edit and Game Maker and provide virtual space (LAND) to develop custom-made games and monetize them. Also, the Sandbox game rewards players for their contributions to the ecosystem.
In addition, the game is user-focused as it consists of three integrated products that collectively provide a detailed experience for user-generated content (UGC) production. Thus, with the idea of unique digital assets ownership and proof of authenticity (NFT) through blockchain and smart contracts, users can secure copy-right ownership for their generated content, (ASSET).
Products of the Sandbox Game
The Sandbox gaming platform consists of three integrated products with a special emphasis on user-generated content (UGC). They include:
VoxEdit (Voxel Editing)
With VoxEdit users can create and animate beautiful creations that are 3D objects such as animals, humans, vehicles, tools, items, in-game characters, etc.
Also, VoxEdit is a powerful free 3D voxel modeling and NFT creation package for PC/Mac that enables users to easily create 3D objects. These objects can be sold in The Sandbox Marketplace as NFT Game Assets. According to the Sandbox website, VoxEdit has been downloaded more than 80,000 times and counting.
The Sandbox Marketplace
This provides users with the opportunity to upload, publish and sell their NFT creations made with VoxEdit. The creations are first converted to NFTs by registering them on the blockchain using ERC-721. They are thereupon sold as assets by making an initial sale offer on the marketplace.
The Sandbox Game Makers
This allows anyone to build amazing 3D games at zero cost in a very short time. Creators or users do not have to be familiar with the coding language, rather the ‘Accessible Visual Scripting Tools’ enable ordinary creators to create stunning 3D games, thereby participating in building The Sandbox Metaverse.
Key Characters in the Sandbox Game
The important characters in The Sandbox Game include; LAND Owners, Creators, Curators, and Players. They will interact in the Metaverse and use the SAND token for various transactions.
Let’s take a quick study on the types of Sandbox Tokens.
Types of Sandbox Tokens
Source: The Sandbox
The tokens that would be issued and used in The Sandbox Metaverse include:
SAND
The Sand is a utility token that would be the basis for all of the ecosystem‘s transactions and interactions. It is an ERC-20 token, built on the Ethereum blockchain, with 3 billion in circulation.
SAND is also a governance token that allows holders to participate in governance decisions on the future and development of the Sandbox Metaverse, through its Decentralized Autonomous Organization, (DAO).
Holders of SAND can exercise voting rights on important aspects of the Metaverse such as Foundation Grant Attributions, Content, Game, and the Platform’s Roadmap.
Moreover, they can delegate voting rights to the characters of their choice. Thus, by holding SAND, you have full access to the platform’s features. Also, the ‘Characters’ in the Metaverse would need the token to carry out transactions. The token is available on major crypto trading platforms.
LAND
This is a digital piece of housing in the Sandbox Metaverse where various activities, otherwise known as ‘interactive experiences’ take place. It is a unique and distinguishable token (NFT) lying on the Ethereum blockchain (ERC-721). Upon acquiring the LAND, the next is to populate it with games and ASSETS. The Sandbox Metaverse comprises 166,464 LANDS and each contains 96x96 meters in the game world.
The land can be managed by an individual and is big enough to contain all types of blockchain gaming experiences. Similarly, a team of creators could create a larger and more immersive online interactive experience in an Estate – a combination of multiple LANDS in this metaverse.
ASSETS
These are tokens developed by players who create user-generated content (UGC). They are based on the ERC-1155 token standard and are traded on the Sandbox marketplace.
Gems and Catalysts are required for ASSET creation and scarcity. More than 3000 ASSETS have been crafted already, according to their website.
Possible Ways to Earn in the Sandbox Gaming Platform
There are several ways to earn on The Sandbox, including:
Creating ASSETS on VoxEdit: Users can import and sell as NFTs on The Sandbox Marketplace.
Being a Sandbox LAND owner: Users can choose to either populate them with games or interactive experiences or better still rent them out to creators.
Using LANDS: Users can build and monetize games with The Game Maker.
Playing games: Players can earn SAND by playing games on the platform. Many games have built-in reward systems that pay out SAND to players who complete certain tasks or achieve certain goals.
Staking: Staking is a way to earn rewards for holding SAND. By staking SAND, users can earn a percentage of the transaction fees generated on the platform.
Is SAND a Good Investment?
The Sandbox Game is a great innovation in blockchain games that seek to transfer power and control from game publishers to creators, and players through the provision of necessary tools needed to build, share and monetize terrific games on its Metaverse; providing creators with true ownership of their contribution to the ecosystem. Due to the uniqueness of the project and the fact that this is one of the first of its kind, several investors and game producers have already set their sights on The Sandbox and its ecosystem, which will most likely see very interesting developments.
However, the game currently runs on the Ethereum mainnet and hopes to incorporate Polygon — a sidechain scaling solution — to reduce Ethereum’s high transaction fees and enormous energy consumption.
How to Own SAND?
To own SAND, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, get it verified and funded. Then you are ready to go through the steps to buy SAND.
News on The Sandbox
In September 2022, it was announced that DBS Bank has entered into a strategic partnership with The Sandbox, which will lead to the creation of new experiences within the company’s metaverse. DBS is a leading financial services group in Asia, and this partnership makes it the first Singapore company to seal a partnership with The Sandbox and the first bank in Singapore to make a foray into the metaverse. As a consequence of the two parties’ agreement, the bank will also buy a 3 x 3 plot of virtual land within the game world to support the creation of “BetterWorld,” a distinctive and interactive experience that highlights the value of creating an eco-sustainable planet as a whole.
Useful References
For the latest updates about The Sandbox, you can visit:
Take Action on SAND
Check out SAND price today and start trading your favorite currency pairs.
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What Is The Sandbox? All You Need to Know About SAND
What Is The Sandbox Game?
Products of the Sandbox Game
Types of Sandbox Tokens
Possible Ways to Earn in the Sandbox Gaming Platform
Is SAND a Good Investment?
How to Own SAND?
News on The Sandbox
Useful References
Take Action on SAND
What Is The Sandbox Game?
The gaming industry is among the few industries to incorporate blockchain technology. The gaming industry was already booming before the advent of blockchain technology and building games, such as The Sandbox Game on the blockchain made them unique, in high demand, and with the opportunity to earn, create and interact in the ‘Metaverse’.
Sandbox is one of the most anticipated online, PC, Mobile, and Mac games of 2020 and the most anticipated blockchain game that offers creators the ability to build, share, and monetize amazing games on The Sandbox Gaming Platform.
The Sandbox is an invention of Sébastian Borget and Arthur Madrid, who released the first version of The Sandbox as a mobile game in early 2012. The game generated more than 40 million downloads worldwide, a success that convinced the company to create a 3D sandbox-style world by leveraging blockchain technology. In 2020, The Sandbox conducted a successful Initial Coin Offering (ICO) and raised over $3 million in funding. The platform officially launched in December of that year, and SAND tokens began trading on cryptocurrency exchanges.
The Sandbox is an Ethereum-based video game that lets users own a piece of land in the form of an NFT in ‘The Sandbox Metaverse’ — a collection of virtual worlds (LAND) built using blockchain technology.
Therefore, with the global success of the Sandbox Mobile games: “Sandbox (2011) and Sandbox Evolution (2016) which generated over 40 million downloads across iOS and Android.”
The goal is to replicate the same on the blockchain by launching a unique metaverse game that enables users and developers to have true ownership of their creations as user-generated content (UGC), a gaming IP that would rival existing game makers such as Minecraft, Roblox, etc by taking a step further to provide creators with the needed tools such as Voxel Edit and Game Maker and provide virtual space (LAND) to develop custom-made games and monetize them. Also, the Sandbox game rewards players for their contributions to the ecosystem.
In addition, the game is user-focused as it consists of three integrated products that collectively provide a detailed experience for user-generated content (UGC) production. Thus, with the idea of unique digital assets ownership and proof of authenticity (NFT) through blockchain and smart contracts, users can secure copy-right ownership for their generated content, (ASSET).
Products of the Sandbox Game
The Sandbox gaming platform consists of three integrated products with a special emphasis on user-generated content (UGC). They include:
VoxEdit (Voxel Editing)
With VoxEdit users can create and animate beautiful creations that are 3D objects such as animals, humans, vehicles, tools, items, in-game characters, etc.
Also, VoxEdit is a powerful free 3D voxel modeling and NFT creation package for PC/Mac that enables users to easily create 3D objects. These objects can be sold in The Sandbox Marketplace as NFT Game Assets. According to the Sandbox website, VoxEdit has been downloaded more than 80,000 times and counting.
The Sandbox Marketplace
This provides users with the opportunity to upload, publish and sell their NFT creations made with VoxEdit. The creations are first converted to NFTs by registering them on the blockchain using ERC-721. They are thereupon sold as assets by making an initial sale offer on the marketplace.
The Sandbox Game Makers
This allows anyone to build amazing 3D games at zero cost in a very short time. Creators or users do not have to be familiar with the coding language, rather the ‘Accessible Visual Scripting Tools’ enable ordinary creators to create stunning 3D games, thereby participating in building The Sandbox Metaverse.
Key Characters in the Sandbox Game
The important characters in The Sandbox Game include; LAND Owners, Creators, Curators, and Players. They will interact in the Metaverse and use the SAND token for various transactions.
Let’s take a quick study on the types of Sandbox Tokens.
Types of Sandbox Tokens
Source: The Sandbox
The tokens that would be issued and used in The Sandbox Metaverse include:
SAND
The Sand is a utility token that would be the basis for all of the ecosystem‘s transactions and interactions. It is an ERC-20 token, built on the Ethereum blockchain, with 3 billion in circulation.
SAND is also a governance token that allows holders to participate in governance decisions on the future and development of the Sandbox Metaverse, through its Decentralized Autonomous Organization, (DAO).
Holders of SAND can exercise voting rights on important aspects of the Metaverse such as Foundation Grant Attributions, Content, Game, and the Platform’s Roadmap.
Moreover, they can delegate voting rights to the characters of their choice. Thus, by holding SAND, you have full access to the platform’s features. Also, the ‘Characters’ in the Metaverse would need the token to carry out transactions. The token is available on major crypto trading platforms.
LAND
This is a digital piece of housing in the Sandbox Metaverse where various activities, otherwise known as ‘interactive experiences’ take place. It is a unique and distinguishable token (NFT) lying on the Ethereum blockchain (ERC-721). Upon acquiring the LAND, the next is to populate it with games and ASSETS. The Sandbox Metaverse comprises 166,464 LANDS and each contains 96x96 meters in the game world.
The land can be managed by an individual and is big enough to contain all types of blockchain gaming experiences. Similarly, a team of creators could create a larger and more immersive online interactive experience in an Estate – a combination of multiple LANDS in this metaverse.
ASSETS
These are tokens developed by players who create user-generated content (UGC). They are based on the ERC-1155 token standard and are traded on the Sandbox marketplace.
Gems and Catalysts are required for ASSET creation and scarcity. More than 3000 ASSETS have been crafted already, according to their website.
Possible Ways to Earn in the Sandbox Gaming Platform
There are several ways to earn on The Sandbox, including:
Creating ASSETS on VoxEdit: Users can import and sell as NFTs on The Sandbox Marketplace.
Being a Sandbox LAND owner: Users can choose to either populate them with games or interactive experiences or better still rent them out to creators.
Using LANDS: Users can build and monetize games with The Game Maker.
Playing games: Players can earn SAND by playing games on the platform. Many games have built-in reward systems that pay out SAND to players who complete certain tasks or achieve certain goals.
Staking: Staking is a way to earn rewards for holding SAND. By staking SAND, users can earn a percentage of the transaction fees generated on the platform.
Is SAND a Good Investment?
The Sandbox Game is a great innovation in blockchain games that seek to transfer power and control from game publishers to creators, and players through the provision of necessary tools needed to build, share and monetize terrific games on its Metaverse; providing creators with true ownership of their contribution to the ecosystem. Due to the uniqueness of the project and the fact that this is one of the first of its kind, several investors and game producers have already set their sights on The Sandbox and its ecosystem, which will most likely see very interesting developments.
However, the game currently runs on the Ethereum mainnet and hopes to incorporate Polygon — a sidechain scaling solution — to reduce Ethereum’s high transaction fees and enormous energy consumption.
How to Own SAND?
To own SAND, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, get it verified and funded. Then you are ready to go through the steps to buy SAND.
News on The Sandbox
In September 2022, it was announced that DBS Bank has entered into a strategic partnership with The Sandbox, which will lead to the creation of new experiences within the company’s metaverse. DBS is a leading financial services group in Asia, and this partnership makes it the first Singapore company to seal a partnership with The Sandbox and the first bank in Singapore to make a foray into the metaverse. As a consequence of the two parties’ agreement, the bank will also buy a 3 x 3 plot of virtual land within the game world to support the creation of “BetterWorld,” a distinctive and interactive experience that highlights the value of creating an eco-sustainable planet as a whole.
Useful References
For the latest updates about The Sandbox, you can visit:
Take Action on SAND
Check out SAND price today and start trading your favorite currency pairs.
Related articles
What Are Altcoins?
What Is Dogecoin?