Investing In The Sandbox (SAND) – Everything You Need to Know
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Table Of Contents
The Sandbox (SAND) is a blockchain-based virtual gaming ecosystem. The network enables anyone to create, trade, and monetize digital property called “land.” The project combines the popularity of NFTs (non-fungible tokens) with a programmable landscape to create a more immersive gaming experience for users.
What Problems Does The Sandbox (SAND) Solve?
There are a lot of aspects of The Sandbox that makes it a pioneering effort in the market. The platform tackles one of the biggest disparities in gaming – locked funds. When you play traditional centralized titles, all of your effort and investment remains locked in that game. When you quit playing, these funds are lost forever or until you rejoin the network.
The Sandbox provides players with multiple ways to build value and transfer it into other titles, or completely out of the gaming ecosystem. The developers utilized NFT technology to ensure that players could easily keep track of their creations. NFTs are blockchain-based tokens that can represent in-game assets. They are blockchain verifiable and transferable.
Another issue that The Sandbox resolves is a lack of transparency. There is no way for gamers to truly know the scarcity of a digital item without trusting the word of the developers in a normal centralized gaming scenario. The Sandbox provides users the ability to easily confirm the scarcity, history, and capabilities of in-game assets using a basic Ethereum blockchain explorer.
Benefits of The Sandbox (SAND)
There are many benefits that make The Sandbox a smart move for gamers. For one, it’s decentralized and community governed. The network eliminates the current studio-first approach and instead, the revenue is shared throughout the gaming ecosystem via tokens and other rewards.
Sandbox users can secure passive rewards charging other users to access their land. Collect more land, or develop your current holdings, and your rewards increase. You can then decide to trade, sell, or create an estate.
Sandbox users enjoy access to an excellent selection of gaming options. For example, there are cool NFT art games such as Hack the Tao. There are also titles that require you to explore immersive gaming worlds like Viking Fjord. Fantasy RPG players will find that Dethrone provides them with their fix and a chance to secure rewards. From collect-a-thons to virtual 3D printing and Walking Dead Zombies, The Sandbox continues to add new titles monthly.
How Does The Sandbox (SAND) Work
The Sandbox takes the gaming industry and flips it on its head. The play-to-earn approach blurs the lines between gaming and building towards financial freedom. The developers reshape what it means to play games. In the Sandbox universe, users traverse a digital metaverse called the Sandbox Metaverse in search of opportunities and land.
The Sandbox Metaverse consists of other players and virtual land. Each piece of land is divided into 96 x 96 meter lots. Users purchase these lots and develop them as they like. You can put anything here from NFT art experiences to services for other users. Best of all, you can decide what to charge people for your interactive experiences.
The Sandbox (SAND) Marketplace
The developers introduce an entirely new market to the industry. Users can sell their custom-made creations on the Sandbox market and earn profits. Users can see a lot of data and in-depth stats regarding their collections or potential trades. Build the ultimate estate, or cash out on your hard work, it's up to you. It's this flexibility that makes the Sandbox such a unique project in the sector.
You can collect as much land as you like. You can then join these lands together into one large estate. Estates can charge more for their entry fee because they can offer multiple services and experiences to the metaverse. You can trade your estate or sell it. You can also break it down and sell portions.
Sandbox Game Maker
The Sandbox Game Maker is another unique feature of the network. This option includes a powerful suite of tools to take your gaming experience to the next level. There is an easy-to-navigate dashboard that streamlines the creation of new metaverse games. The Game Maker eliminates the technical barriers for new users. It removes coding requirements and enables anyone to develop exciting games for free.
The Sandbox (SAND) MAP
You can take a peek at the metaverse and all of its happenings using the map feature. The map can help you to find your favorite developers and brands. Notably, over 160+ global brands have already signed on and contributed to the network. You can find your favorite musicians, performers, and influencers as well.
The VoxEdit feature makes it easy to create cool digital art. This robust virtual asset creator has a user-friendly interface that lets you see your creations develop in real-time. You can take your concepts to reality and fine-tune your creations using VoxEdit.
The native utility token of The Sandbox is SAND. Sand lives on the Ethereum blockchain and is ERC-20 compliant. Users use SAND to conduct transactions in the Metaverse. Additionally, rewards and fees are paid in this token. This strategy helps to drive SAND's value up.
The Sandbox (SAND) Governance
The Sandbox is a community-driven project. Uniquely, The Sandbox combines a DAO (decentralized autonomous organization) with NFTs to create an entirely new type of gaming atmosphere. Users who hold SAND tokens can put forth proposals regarding upgrades and more. The more NFTs and SAND tokens you have and the more weight your vote holds.
Community governance mechanisms such as this are now more popular than ever. Notably, these systems help to improve transparency and ensure that a project's community remains in control over the platform's future. As such, the gamers finally get a say in their favorite titles.
How to Buy The Sandbox (SAND)
The Sandbox (SAND) is available on the following exchanges:
Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.
Binance – Best for Australia, Singapore, UK, & USA residents. Canadian residents are prohibited.
Discount Code: EE59L0QP for 10% cashback off all trading fees for non-USA residents. USA residents: Trade $100 & Earn $10 in 30 days after account registration.
Kraken – Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
They offer trading access to over 190 countries including Australia, Canada, Europe, and the USA. (Excluding New York & Washington state).
KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. This exchange currently accepts International & United States residents.
WazirX – This exchange is part of the Binance Group, which ensures a high standard of quality. It is the best exchange for residents of India.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
Let’s Play in the Sandbox
Decentralized gaming is on the rise. Both developers and users gain a lot from the integration of blockchain technology into the gaming market. Gamers and studios earn more and can now connect in a more inclusive and democratic way. As such, it now pays to play Sandbox video games all day.
David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com
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