The Sandbox is an Ethereum-based metaverse world in which participants can build, interact and profit. The SAND token is the main form of money used in The Sandbox’s digital world.
Diving into The Sandbox
The Sandbox, as a project, includes a vast array of components. A product of video game publisher Pixowl Inc., The Sandbox blockchain project was inspired by earlier mobile applications developed by Pixowl (The Sandbox and The Sandbox Evolution) that allowed players to build and interact in digital worlds. Pixowl then took the concepts and applied crypto and blockchain to them, resulting in The Sandbox crypto/blockchain project. In 2018, Pixowl was purchased by Animoca Brands.
Participants of The Sandbox world can buy nonfungible tokens (NFTs) called LAND that represent uniformly sized plots of digital land. LAND uses the ERC-721 token standard. Users can also join multiple plots to form an ESTATE. Space in The Sandbox’s metaverse is limited to 166,464 plots of land total for the project’s digital world.
On their property, owners can place components, such as games or assets. Participants can use the project’s Game Maker to construct games to include on their property. ASSETS are components, such as people and items in The Sandbox metaverse, that users can construct via the project’s VoxEdit solution. These components take on categorization as ASSETS and are transformed into NFTs when they are put on the project’s nonfungible token marketplace. Games and ASSETS are underpinned by the ERC-1155 token standard. Users can profit from The Sandbox in several ways, such as monetizing games within The Sandbox metaverse or selling ASSETS.
The SAND crypto asset
An ERC-20 token, SAND is used as money in The Sandbox metaverse, as well as in tandem with its external solutions/components. Additionally, SAND serves as the project’s governance asset. SAND’s price ebbs and flows in value, as seen in the SAND price chart above. For SAND’s price live today, see the top of the page.