![]() SAND is the backbone of the gaming experience as it adds value to the game through the implementation of aspects of DeFi in the game.Ĭurrently, there is a total supply of 3,000,000,000 SAND tokens. Running on the Ethereum blockchain, SAND is an ERC-20 utility token used as the basis of trade and transactions in The Sandbox ecosystem. Subsequently, the drive behind Sandbox is to accelerate blockchain technology adoption and grow the blockchain gaming sector. Unlike the current game market, the decentralized game The Sandbox strives to move away from the centralized ownership and control of user-generated content, which limits players’ rights and ownership. Players can manage to do all this through visual scripting nodes subsequently allowing them to turn a LAND (ERC-721 token) into a full game experience. When in Game Maker mode, the game allows players to place and use their ASSETS within pieces of LAND (ERC-721 tokens) that they can own in the virtual world.Īdditionally, creators can embellish their LAND with ASSETS, as well as implement unique gameplay mechanics by assigning default behaviors to the ASSETS. GAME MAKER – According to the Sandbox team, the Game Maker feature is the most important product of the game.Here, even players unfamiliar with decentralization get a first-hand experience of the utility of the technology. The Marketplace is where the blockchain algorithm is the most prevalent within the game. MARKETPLACE – This blockchain-based market gives users the ability to expose and sell their creations or ASSETS made in Vo圎dit, as tokens (Both ERC-721 and ERC-1155 tokens).The user then has the possibility to export the built items to an in-game marketplace where they become game ASSETS. VOXEDIT – A 3D voxel modeling tool that allows creators to build and animate people, objects, animals, and foliage.All three of these in-game components enhance user-generated content (UGC) production. These products are Voxel Editor, Marketplace, and Game Maker. The gaming platform is anchored upon three main in-game features providing a comprehensive and user-friendly gaming ecosystem. Additionally, Sandbox offers a unique experience where players can have ownership of their creations through non-fungible tokens (NFTs), as well as rewarding players with the game utility token. The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain using SAND, the platform’s utility token. As of now, the Sandbox has more than 40 million downloads and an impressive one million active monthly users. Among investors are, square Enix, B Cryptos, True Global Ventures, Helix, Mind Fund, Blocore, ThunderCore, and Alexis Bonte from eRepublik. So far the project’s team has raised $4.51 million in investment for the blockchain-based game. The aim was to use the DeFi concept to facilitate buying and trading within the game using the game’s very own cryptocurrency, the SAND token. ![]() In 2018, Animoca Brands acquired the project for $4.875 million and incorporated a Voxel-style blockchain algorithm in the game. Moreover, The Sandbox participants can also stake SAND tokens to earn rewards, as well as GEMs and CATALYSTs for ASSETS creation.At its core, The Sandbox is a mobile game that was first released in May 2012 on iOS and Android platforms by gaming studio Pixowl. SAND owners can vote by themselves, or delegate voting rights to other players of their choice. Holding SAND token allow holders to vote on platform governance matters and have a say in the decision-making process. Imagine going to digital concert with friends online and listening to your favourite singer onstage, all from the comfort of your home!Īll in all, there are a total of 166,464 LAND tokens available within The Sandbox metaverse which can either obtained through public sales, or purchased from The Sandbox’s NFT marketplace or other popular NFT markets. This includes charging a fee for users to enter their LAND area or engage in in-game activities, hosting events on their digital estate, or rent out their LAND to others. Moreover, owners of LAND tokens can utilise them in ways similar to that of physical real estate. Users that hold or own LAND can build game activities in them using NFT models purchased off the marketplace with the Game Maker feature. LAND are digital real-estates based in The Sandbox, and they are quantified as ERC-721 token in-game.
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