The Sandbox (SAND) Live Price

SAND is an Ether blockchain-based coin that can be bought from a number of exchanges, including Binance, Kraken, and Crypto.com. Find a full list of all exchanges offering SAND on our exchange page.

What Is The Sandbox (SAND)?

The Sandbox is a community-driven, decentralized virtual universe that gives creators a chance to create, share, and sell virtual assets, including in-game experiences. 

Founded by Pixowl in 2011, this Ether blockchain-based gaming ecosystem makes it easy to trade digital assets. The main purpose of the Sandbox is to disrupt the traditional gaming industry and give power into the hands of gamers and creators.

The Sandbox combines the concepts of non-fungible tokens (NFTs) and Decentralized Autonomous Organizations (DAOs) to give full ownership to creators. It uses a play-to-earn model that rewards players and users for not only creating but also for playing. A user can be both, a player and a creator, on the platform. 

It utilizes a special digital token, named SAND, to facilitate transactions and reward users. This ERC-20 token powers all of the gaming ecosystem’s interactions and transactions. For example, SAND tokens are needed to be able to play games on the platform, customize avatars, etc. Moreover, it serves as a governance token and allows users to provide input on the system.

Users can create 3D games for free and use a variety of methods to generate revenue through the platform.

SAND Price 

SAND is one of the most popular metaverse gaming tokens. The token originally launched in 2020 and had a starting price of $0.04. It remained in the range of $0.04 to $06 for the first few months. 

There are over 3 billion SAND tokens in circulation. The initial distribution was around 55% and the tokens were divided among the company reserve, advisers, and team.

In addition, 12% tokens were given to The Sandbox Foundation, a not-for-profit organization designed to offer grants to budding developers to encourage creativity and growth. The remaining 33% of the coins went to investors through public sales.

The Sandbox platform uses the SAND token for almost all kinds of tasks, including playing games, purchasing equipment, and customizing avatars. In addition, the SAND token works as a governance token and gives users the power to take part in platform-related decisions.

The Sandbox metaverse game consists of digital real estate pieces called LAND. There is a limited supply of LAND, fixed at 166,464 units. This virtual land works just like physical land and gives users the power to create games, build buildings, or other digital assets. The platform offers a developer toolkit to make the process easier. 

The Sandbox History

Arthur Madrid founded the blockchain based company in 2012 and hired Sebastien Borget as the COO while he himself took the CEO's seat. The platform was originally introduced on mobile devices and managed to get over 40 million installs in a short span of time.

The blockchain project managed to acquire $3.41 million in funding from investors such as Square Enix, True Global Ventures, and Hashed in the beginning. In another successful round of funding, it managed to raise $93 in November 2021 from investors. The round was led by the Japanese giant SoftBank.

The platform already has more than 60 partners, including some popular names such as Shaun the Sheep, Smurfs, and DApp studios such as Square Enix, ATARI, and Dapper Labs.

How does The Sandbox work

Ethereum blockchain-based metaverse, the Sandbox empowers users and gives them full ownership of their virtual assets. Furthermore, users on the platform can generate revenue in a variety of ways. 

This networked world-building tool allows players to create their own game worlds and digital assets, including NPCs, flora, and fauna. Players can choose to share this data through an online repository. All assets, including LAND, can be traded like NFTs. Experts believe NFTs to be a huge part of the gaming industry since players already spend billions on digital assets such as game skins.

The platform uses its native token SAND to underpin the in-game economy. Both players and artists will need the coin in order to make purchases or monetize assets.

What Makes The Sandbox Unique? 

The Sandbox offers a unique platform that is a mix of gaming and blockchain. It introduces new concepts in the world of mainstream gaming by giving power into the hands of players. Moreover, it keeps them more involved and gives them an opportunity to take part in the platform's development. 

The decentralized platform has joined hands with some big names such as Helix and Atari and is encouraging creativity by rewarding players and contributors for their input.