Wat is The Sandbox? Alles wat je moet weten over SAND (2024)

The Sandbox facts

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What is The Sandbox?

The Sandbox is a blockchain gaming platform built on the blockchain where players can create, explore, and trade their own games, experiences, and digital worlds. The platform utilizes technologies like non-fungible tokens (NFTs) and blockchain to offer a unique and innovative gaming experience.

Players can own their creations and even generate income by selling them on the platform's NFT marketplace. The Sandbox aims to create a global gaming economy where players, developers, and content creators can participate in the growing blockchain gaming market.

How does The Sandbox work?

The Sandbox (SAND) is a cryptocurrency used within a blockchain-based gaming environment. The goal of The Sandbox is to create a decentralized virtual world where players have control over the content and the in-game economy. The game is built on the Ethereum blockchain and represents virtual objects and land parcels in the game with NFTs.

The SAND token is the native cryptocurrency of The Sandbox. The token is used for in-game transactions, such as buying and selling NFTs and paying fees for using the game environment. Players can also be rewarded with SAND tokens for their contributions to the game environment, such as building creative content and attracting other players.

The SAND token

The SAND token is the primary means of payment on the platform. Users earn SAND tokens by contributing to the platform, such as creating content or playing games. They can then use these tokens to purchase in-game items like land, tools, and weapons.

Users can also stake SAND tokens for premium features such as additional income from their content, exclusive events, and governance participation for platform development.

SAND tokens serve as rewards for ecosystem participants, including developers and content creators. These rewards are based on criteria such as contribution quality and popularity on the platform.

The Technology Behind SAND

The Sandbox (SAND) is built on the Ethereum blockchain and uses the ERC-20 standard for its tokens. The platform employs Non-Fungible Tokens (NFTs) for the creation, sale, and trading of in-game assets. It has created its own virtual world where users can play, create, and explore.

The Sandbox utilizes a custom Unity engine that seamlessly integrates with the Ethereum blockchain, allowing NFTs and blockchain capabilities to be directly integrated into the game.

The Sandbox ecosystem is decentralized and managed by nodes that ensure integrity and security. Nodes are rewarded with SAND tokens for their contributions, and users can stake SAND tokens to vote on development decisions.

The Sandbox ecosystem

The Sandbox ecosystem is designed as a virtual world where participants can create, play, and share digital experiences. What components make up the ecosystem?

• The Sandbox Game: The virtual world where users can create, play, and share. Players can purchase land, making them owners of portions of The Sandbox where they can build and expand content.
• LAND: The land parcels that users can buy, granting ownership of specific areas in The Sandbox. LAND can be used to build and trade content and also provides access to special features in the virtual world.
• ASSET: Digital assets that users can create and trade within The Sandbox. Assets can include 3D models, textures, animations, and other digital objects used to build content and experiences.
• SAND Token: The native cryptocurrency of The Sandbox ecosystem. It is used to facilitate transactions and reward users for their contributions to the ecosystem, such as creating and selling assets or playing games.
• Creator Fund: A fund established to stimulate creativity within The Sandbox ecosystem. The fund provides financial support and guidance to content creators who produce valuable content for The Sandbox.
• Partnerships: The Sandbox has various partnerships with brands and companies to create and promote new content and experiences within the virtual world. This expands the ecosystem and attracts new users.

Benefits of The Sandbox

What advantages of The Sandbox make the platform popular among investors and other users?

• Blockchain-based gaming economy
• User-friendly
• Rewards for users from self-created content
• Active user community
• Support for novice developers

Drawbacks of The Sandbox

What drawbacks of The Sandbox should investors and other users consider?

• Targeted at a niche audience
• The platform is still in development
• Susceptible to significant price fluctuations

Who is the founder of The Sandbox?

The founders of The Sandbox are Arthur Madrid, the CEO of the company, and Sébastien Borget, the COO.

The initial version of The Sandbox was released as a mobile game in early 2012, as a collaboration between Pixowl (led by Borget and Madrid) and game developer Onimatrix.

In 2018, game developer Animoca acquired Pixowl and announced its intentions to create a 3D sandbox-like world based on blockchain technology to leverage user-generated content and a token economy.

Price forecasts

In 2026 experts expect a minimal price of €0.7600 and a minimal price of €2.51 in 2031.

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Market information

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SAND Return On Investment

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A video explanation of The Sandbox

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