The Sandbox (SAND) Research

The Sandbox (SAND) Research Details

The Sandbox (SAND) The Sandbox

INTRODUCTION

The Sandbox is a play-to-earn game that makes use of blockchain technology, DeFi, and NFTs. All of them are utilized to build a virtual environment. The world enables players to customize and build their own digital products and games with a variety of in-game tools.

The Sandbox allows users to build and develop their characters, as well as engage with the aforementioned virtual environment. The Sandbox is primarily a game where users can buy digital properties. This is referred to as LAND. The virtual items from the game can then be commercialized using NFTs and traded on The Sandbox Marketplace for SAND tokens.


HISTORY AND FOUNDERS

The Sandbox project began in 2012 on mobile platforms and has since accumulated millions of global downloads on mobile devices. The Sandbox project began working on the new version of the game in January 2018 - a 3D, multiplayer platform that uses blockchain technology(Ethereum) to provide a virtual environment where players can create, control, and monetize their gaming experiences.

Arthur Madrid is the co-founder and CEO of Pixowl, a mobile gaming application that has transformed the industry. He is one of the main forces behind The Sandbox.

As the COO and co-founder of Pixowl, Sebastien Borget also has his hands in the business world. Beginning his career as a project manager at 1-Click Media, Arthur Madrid and Sebastien Borget have worked together as business partners ever since. Pixowl was created by them in 2011, and they have set goals as a team to build projects together on a regular basis.


REASON TO BUILD THE PROJECT

The co-founders Arthur Madrid and Sebastien Borget made the decision to look into the possibility of developing a 3D metaverse on the blockchain in 2018. Their objective is to enable people to fully own their creations as NFTs and earn benefits while engaging in the ecosystem. The new Sandbox project, together with Axie Infinity and Decentraland, was introduced in 2020 and quickly became one of the fastest-growing games in the crypto industry.

The Sandbox plans to bring blockchain into mainstream gaming, engaging both crypto and non-crypto game enthusiasts by providing the benefits of true ownership, digital scarcity, monetization opportunities, and connectivity between games.


BASE OF PROJECT

·       VoxEdit- VoxEdit is an easy-to-use software that allows artists and players to construct, design, and animate voxel-based NFTs. Voxels are lego-like square 3D pixels. They can be easily changed with VoxEdit to generate various forms.

·       Game Maker- GameMaker allows users to create and test their own 3D games within the Sandbox metaverse. Users can design and organize various components and objects, including the NFTs, developed using VoxEdit in an environment called LAND.

·       The Sandbox Marketplace-The Sandbox Marketplace is an NFT exchange where players may trade in-game items (ASSETS) for SAND, the game's native cryptocurrency. The ASSETS obtained may then be used with LAND to create unique games using Game Maker.


USE CASE

The SAND token is used for the following purposes:

·       Medium of exchange: Players can potentially earn SAND via gaming and then spend to play games, buy equipment, or personalize Avatar characters. Creators can use SAND to purchase ASSETS and LAND. Artists can use SAND to submit ASSETS to the Marketplace and GEMs to determine item value.

·       Governance: SAND permits holders to vote on governance issues. SAND owners can vote for themselves or assign voting privileges to specific players of their choice.

·       Staking: Users can stake SAND tokens to gain benefits, as well as GEMs and CATALYSTs for ASSETS generation.


MAJOR NEWS AND EVENTS

DATE

NEWS/EVENTS

IMPACT

27/04/2022

Ethereum Whales are Flocking towards Sandbox’s $SAND Token

-22% Decrease

 

26/01/2022

The Sandbox (SAND) metaverse token grows after a collaboration with Snoop Dogg and Warner Music

+40% Increase

16/11/2021

Sandbox token SAND surges in November ahead of the release of the play-to-earn metaverse

+160% Increase


CONCLUSION

SAND is a cryptocurrency that has become quite famous and well-known as a result of its intense interest in the metaverse industry. Blockchain game initiatives play a critical role in popularising cryptocurrencies and decentralized solutions, bringing newcomers to this area. Of course, as in other areas, certain threats are difficult to estimate because rate jumps are frequently influenced by the news context. It is worthwhile to consider the project's long-term prospects, amid the intense competition in this field.


DISCLAIMER

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto products are currently unregulated and subject to market risk. Please seek independent financial advice or do your own research before investing.