Players can populate their LAND with their own creative ideas to share with other players. The Sandbox also allows players to buy digital land, called LAND, which is limited to 166,464 NFTs.

The system rewards stakers a share from the SAND pool depending on how much they have staked. How SAND worksĪt its core, The Sandbox Metaverse uses a proof-of-stake (PoS) consensus mechanism where stakeholders with the biggest holdings ensure that the platform is secure and transactions are carried out smoothly. While SAND price traded below $1 in May 2022, it remains a popular gaming/metaverse token, ranking in the top 3 for the category, under ApeCoin (APE) and Decentraland (MANA). SAND could not, however, hold on to these gains as the crypto market saw another crash in 2022. This put SAND’s fully diluted valuation at $24 billion. 25, 2021 - a surge of 1,000%+ in just 36 days, marking a new all-time high. Although the token fell under $1 again in the coming months, it set a new strong rally in autumn of 2021 when Adidas announced it would be partnering with the Metaverse gaming project, this saw the token jumping from $0.7 on Oct. It wasn't until June when SAND price started to move again as it rallied from $0.1 to around $1.2 by Aug. However, as the broader crypto market was hit by a severe crash in May 2021, SAND lost most of its gains. 28, 2021, to $0.9 on Maa whopping gain of around 970%. However, SAND continued this upward trend in the coming months as it set a new all-time high, going from $0.09 on Jan. 14, 2020, however, after that the token failed to show any noteworthy rallies until Q1 of 2021 when it saw its first bull run, going from $0.04 on Dec. SAND priceĪccording to our SAND/USDT live price chart, SAND registered an all-time high of $0.09 on Aug. With SAND serving as a utility token, SAND holders are also able to exercise their right to vote on crucial decisions regarding the governance of the network via a decentralized autonomous organization (DAO). The Sandbox is unique from other crypto metaverse projects as it aims to integrate blockchain technology into mainstream gaming by facilitating a ‘play-to-earn’ (P2E) model, where players who have no previous coding skills can contribute to the platform's ecosystem as creators and gamers simultaneously. In August 2020, The Sandbox raised $3 million for future operations through an initial coin offering (ICO). In 2018 Animoca acquired Pixowl, announcing its goal to create a 3D sandbox-style game using blockchain technology. Launched back in 2011, The Sandbox is the brainchild of Arthur Madrid and Sebastian Borget, co-founders of Pixowl. Built by combining the features of decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs), The Sandbox allows users to create, build, buy, and sell digital assets using its native utility token SAND as its in-game currency. You hereby agree that we are not providing our own opinions, advice, or recommendations.The Sandbox is a blockchain-based decentralized virtual gaming metaverse run on Ethereum. While we endeavor to publish and maintain accurate information on external listings, we do not guarantee the accuracy, completeness, or usefulness of any information on this site, nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. The brands and the logos appearing on this website are registered trademarks by their respective brand owners. may not offer certain products, features and/or services on the App in certain jurisdictions due to potential or actual regulatory restrictions. Please note that the availability of the products and services on the App is subject to jurisdictional limitations. You may obtain access to such products and services on the App. It is not intended to offer access to any of such products and services. The purpose of this website is solely to display information regarding the products and services available on the App.

The sandbox coin