logo
SANDUSD

The Sandbox

SAND/USD
View Detailed Chart

0.2686USD

+0.0038+1.44%

Today

+1.44%

1 Week

+4.47%

1 Month

+4.35%

6 Months

-38.42%

Year to Date

-55.06%

1 Year

-9.68%

View Detailed Chart

Key Data Points

Opening Price

0.2645

Previous Closing Price

0.2648
Price Range of the Day
0.26190.2687
52-Week Price Range
0.00000.2686

The Sandbox News

More news coming soon, stay tuned...

Info of The Sandbox

How does The Sandbox utilize blockchain technology?up
The Sandbox leverages blockchain technology primarily through the use of Ethereum-based smart contracts and NFTs. By utilizing blockchain, The Sandbox ensures that all in-game assets, including virtual land, characters, and items, are securely owned by the players. Each asset is represented as a unique NFT, which grants the owner full rights to trade, sell, or use the asset as they see fit. This ownership model contrasts with traditional gaming environments where players do not truly own their in-game items. Additionally, The Sandbox uses the SAND token, which serves multiple functions within the ecosystem. SAND is an ERC-20 token that can be used for transactions, staking, and governance within the platform. Players can use SAND to purchase land (represented as NFTs), assets, and services in The Sandbox marketplace. By integrating blockchain technology, The Sandbox creates a transparent and decentralized environment where players can engage in economic activities, ensuring that their contributions and creations are recognized and rewarded.
What are the key components of The Sandbox ecosystem?up
The Sandbox ecosystem consists of several key components that work together to create a vibrant virtual world: VoxEdit: This is a 3D modeling tool that allows users to create and animate voxel-based assets. With VoxEdit, creators can design their own characters, items, and environments, which can then be exported as NFTs to be used in The Sandbox. Game Maker: This user-friendly platform enables users to create their own games without the need for coding skills. Using Game Maker, users can design gameplay mechanics, set rules, and integrate their voxel assets into interactive experiences. Marketplace: The Sandbox marketplace is where users can buy, sell, and trade NFTs representing virtual land, assets, and experiences. This marketplace fosters a vibrant economy within The Sandbox, allowing creators to monetize their work. SAND Token: The native utility token of The Sandbox, SAND is used for transactions within the ecosystem, as well as for staking and governance. Players can earn SAND by participating in various activities, such as creating and selling assets or providing services within the platform. Virtual Land: The Sandbox is divided into parcels of virtual land, each represented as an NFT. Users can buy, sell, and develop these parcels, creating unique gaming experiences and communities. Ownership of virtual land allows players to host games, experiences, and events, further enhancing the platform's interactivity. These components work together to create a dynamic environment where players can engage in creative and economic activities, fostering a sense of community and collaboration within The Sandbox.
What makes The Sandbox unique as a blockchain-based virtual world and gaming platform?up
The Sandbox is a unique platform because it combines blockchain technology with the world of gaming. By creating a decentralized virtual universe where users can create, build, buy, and sell digital assets in the form of non-fungible tokens (NFTs), The Sandbox aims to revolutionize the gaming industry. The platform focuses on a "play-to-earn" model, which allows users to be both creators and gamers simultaneously, contributing to the platform's further development. The Sandbox also promotes decentralized governance through the use of its SAND utility token, which enables users to share their views and ideas about the project's development. This aligns with the growing trend of decentralization in the blockchain space. Furthermore, The Sandbox has attracted support and investments from major players in the gaming industry, such as Atari, Helix, and CryptoKitties, adding to its uniqueness and potential for mainstream adoption.

The Sandbox

0.2686

+0.0038+1.44%