Introduction:
A widely popular blockchain-based, play-to-earn gaming project, The Sandbox, has received significant attention since its new project was unleashed in 2022. Since Facebook rebranded itself as Meta, the metaverse gaming industry has grown multifold.
The Sandbox allows gamers to create their own NFTs, games, and virtual items including their metaverse avatars. The Sandbox allows monetization of these NFTs on its own marketplace, launched in 2021. SAND is its native ERC-20 token. The Sandbox ecosystem works on the SAND token, players need to own SAND and use it for various transactions in the game. The Sandbox is widely popular and is always in the top 3 metaverse tokens. It has partnerships with various acclaimed artists, including hip-hop legend Snoop Dogg.
Utility:
The Sandbox achieved a historical milestone when the Dubai Virtual Assets Regulatory Authority (VARA) purchased a portion of land on its metaverse to develop its virtual headquarters. Users on The Sandbox allows users to create voxel-based NFTs through VoxEdit which can be uploaded to its marketplace and sold as an NFT.
It also allows users to create 3D Games for free. SAND being the utility token, is key to all transactions in the ecosystem. SAND holders are also voters who can propose changes on the platform, through a structure known as DAO.
Follower Trend:
The Sandbox has a massive following on social media and its Twitter followers is 1 million strong. The follower count for SAND across social media platforms has been increasing significantly.
Team:
The Sandbox founders are Arthur Madrid and Sebastien Borget of Pixowl.
Investors:
Binance Labs, Coinbase Ventures, HASHED, Huobi Capital, ParaFi Capital, True Global Ventures, Winkelvoss Capital Management, LLC.
