Metaverse, the most trending concept in the web3.0 generation, is built on the essence of immersion, augmentation, computerization, decentralization, and mobilization that fuels real-world functions. Most tech giants have shifted their attention towards this concept to unleash its complete potential. One such initiative that tries to capitalize on the market advantages of the metaverse is The Sandbox. Read on.
What is The Sandbox?
The Sandbox is a decentralized virtual gaming ecosystem built on the robust Ethereum network, where users can play, create, trade, govern, and monetize their in-game assets. It outsmarts the conventional gaming industry by owning and handling user-generated content, in which the platform offers immutable ownership over their creations.
The operations of this ecosystem are further strengthened with its native utility token, SAND. The Sandbox incorporates cutting-edge technology of blockchain and cryptocurrency into the gaming sector to explore untapped opportunities.
The best part about Sandbox is that it consists of three integrated products, which together offer an all-inclusive experience for user-generated content (UGC) production. It also plays a crucial role in providing immutable ownership rights for their UGC through the effective use of blockchain and smart contracts. The three integrated products include,
- Voxel Editor: It allows users to conceive their favorite voxel models. Once the models are created, they can be rigged and animated quickly.
- Marketplace: This is the place where users can trade all the in-game assets. An open marketplace to buy, sell, and trade tokenized assets, that is the main dashboard of the Sandbox ecosystem.
- Game Maker: This product enables users to build, share, and monetize their games. To be precise, participants can create their own online 3D gaming platform. No coding knowledge is required. The visual scripting tools will make the job easy, where 3D games can be created within just minutes.
Native Tokens That Fuel Sandbox
The Sandbox operations and services become even more powerful with its native utility tokens, where these tokens ensure a circular economy between players, creators, curators, and landowners.
SAND: It is the primary token of the platform that includes all the basic transactions and interactions within the Sandbox ecosystem. Moreover, it is an ERC-20 standard token that is built on the robust Ethereum network.
LAND: It is a token that is used to represent virtual land/properties in the Sandbox metaverse. Players purchase LAND to use it as an asset in the game and to create interactive experiences. Every LAND token is an NFT (ERC-721) that resides on the Ethereum blockchain network.
ASSETS: This is a token that is exclusively created by players who build/assemble user-generated content. These tokens are of ERC-1155 standards and are mostly traded in the marketplace. It is said that the primary utility of these tokens will be served as creation elements in the Sandbox Game Marker.
FAQs Related to The Sandbox
Q. What is the difference between LAND and ESTATE?
Actually, there are a total of 166,464 LANDs within the Sandbox ecosystem. These LANDs will be available on the map, and the whole map forms the Sandbox metaverse. Each LAND is called a parcel, which is 96*96 meters in the game world.
While ESTATE is the amalgamation of multiple LANDS. To be specific, two or more LANDS combine to form ESTATE. This brings out the real potential to create larger and more immersive online experiences.
Q. What are the utilities offered by SAND?
The following are the phenomenal utilities that the SAND token offers.
- Powers the Sandbox Platform: SAND is the key to availing all the services provided in the Sandbox ecosystem. Players can use SAND to play games, purchase equipment, or even personalize their game character. This token is also used to buy other tokens on the platform, such as LAND, ASSETS, etc. They will require SAND to list ASSETS on the marketplace and to buy Gems that define rarity and scarcity.
- Governance Attribute: SAND is the governance token of the platform that allows its holders to vote on important decisions regarding the improvement of the Sandbox platform. This takes place using a DAO (Decentralized Autonomous Organization) structure. The exciting part is that the holders can either vote themselves denote their interest or delegate their voting rights to other players as well.
- Staking: SAND tokens support staking functionality through which holders can generate splendid passive incomes. Even by staking LAND, players can receive SAND tokens as rewards. Most importantly, staking is the only way to claim Gems and Catalysts, which will be useful for ASSET creation.
Q. How to earn using the Sandbox platform?
The following are the ways through which you can earn from the Sandbox platform.
- Create Voxel ASSETs and sell them on the marketplace as NFTs to reap good returns.
- Create your own game with interactive experiences using Game Maker and LAND tokens.
- Buy a LAND in the Sandbox metaverse and rent it or populate it with content to make its value grow over time.
Q. Where can I purchase SAND tokens?
SAND tokens are available on all the leading crypto exchanges, including Binance, Gemini, Crypto.com, Wazirx, Kraken, Uniswap, Huboi Global, etc. So quickly create an account to purchase this lucrative asset.
Wrapping Up
It is now clear that the Sandbox is totally different from the popular play-to-earn games on the market. It doesn’t have any predetermined gaming ecosystem as it offers flexible methods for players to personalize everything that is available on its platform with its user-friendly tools. Overall, it allows them to create immersive and engaging game experiences like never before. Though SAND has grabbed the attention of potential investors in the market, it is purely in your interest to purchase it. Do your own research before investing in them.
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