Unlike many famous cryptocurrencies, Sandbox creates an amazing opportunity for creators and players alike. You can build, play, monetize, and earn from your digital assets on the Ethereum Blockchain.
The use of blockchain, digital tokens, and Metaverse makes Sandbox one of the most unique platforms currently available. Indeed there will be competition in the future. But this platform based on the Ethereum blockchain is a wonder for the future gaming generation.
The best part is that the gamer will own all of the parts they create. The opportunity to monetize the assets on Sandbox and generate revenue from it makes it one of the most interesting sites.
Crypto has a hard cap of 3 billion tokens. Each of the SAND tokens is worth $1.17. Now, if you are a gamer or have a little bit interested in the Metaverse, you may want to invest in this crypto. This article will help you with some much-needed info to get started.
What Is Sandbox?
With a current market ranking of 36 and a price of $1.17 for each of the tokens, Sandbox is a virtual gaming platform. Sandbox creates a decentralized gaming platform for the gamers of the future by using DAO and NFT. The main whitepaper of the Sandbox platform intends to merge blockchain technology with the mainstream gaming industry.
The members of the platform can build, create and buy digital gaming assets on this platform using decentralized tokens called SAND. This crypto is based upon the Ethereum blockchain and follows a model called play-to-earn. Both the creators and the gamers can play on this platform using SAND tokens.
What Is Sandbox NFT?
I told you before that the assets on the sandbox platform are truly owned by the users. The use of NFT makes such decentralized ownership of digital assets makes it possible. The nonfungible token makes the assets on the Sandbox platform unique, non-interchangeable, scarce, authentic, and invisible assets. This is the reason behind the total ownership of assets on this platform.
How Does Sandbox Work?
Gamers in the traditional gaming industry cannot truly own their digital items. Well, that time is over. Sandbox makes it possible for you to create, own and monetize your digital gaming assets. So how does this virtual gaming world work?
Here is simple yet accurate info about how this platform works –
- Players can play and create revenue from their digital gaming assets.
- You have a right to vote, unlike traditional gaming platforms.
- All of your digital gaming assets can be made into collectibles using NFTs.
- Some of the digital assets can be worth billions of dollars.
- The use of Metaverse may help gamers to shift their gaming assets from one game to another in the future.
You might love to hear that this platform is so popular that it has collaborated with rappers like Snoop Dogg. It was also featured in the renowned TV show called The Walking Dead.
Sandbox Price Forecast
The maximum total supply of the Sandbox crypto is 3,000,000,000. Around 680,266,194 they are in circulation right now. During the time of writing this article ( 26th July), SAND is down by 8.14%. It currently ranks 35th in the market.
Does that make it a bad investment? No, it certainly does not. The all-time high price of the SAND token was $8.44 in November of 2021. Currently, the price is 1.17 dollars. The use of Metaverse and decentralization in the gaming industry makes it a thriving and ever-growing platform.
As the gaming industry moves towards a virtual ecosystem, this platform will grow in size. Also, the price of SAND has an immense possibility to grow.
Frequently Asked questions (FAQs) :
I hope that you can understand all the basic ideas about sandbox crypto from reading this article. However, I have tried to answer a few popular questions to help you understand more about this crypto.
The rise of the Metaverse is prominent and undeniable. Sandbox being a blockchain technology based upon the Metaverse, is most likely to rise. In the long term, it can be a good investment. The reason behind this is the growth and increased community of Sandbox, where gamers and creators can contribute to earning.
To buy and sell Sandbox crypto, you need the help of an exchange platform. There are many exchange platforms allowing buyers and sellers to trade SAND tokens. Huobi, Binance, TokoCrypto, and Bitmart are the most prominent platforms allowing the exchange of SAND.
This crypto is available on platforms like Binance, Gemini, and Crypto.com. If you are interested in buying this crypto, you can buy it from these platforms. If you want to buy it from Binance, you have to wait for a week or two for Binance to approve your account.
On the sandbox platform, the players have to spend SAND to play and buy the equipment. They can also use this crypto to customize their avatars. The creators on the platform spend their SAND to buy ASSETS and to purchase LANDS.
The reason why SAND is going up is because of the Sandbox gaming platform. This platform is becoming extremely popular because of its gaming community. The use of SAND to buy and sell ASSETS on the platforms will make more players engage in this platform. As a result, the crypto is going up.
Bottom Line
There is currently no gaming platform that offers a decentralized gaming ecosystem where you can build, play and monetize your gaming assets. The potential of Sandbox is immense due to the future it offers to the gaming community.
I hope that reading this article will help you understand the value of Sandbox in the VR gaming and blockchain industry. If you have any queries related to this topic, you can reach out to us in the comment box. You can also share your feedback.
