What is a SandBox (SAND)?
What is a Crypto SandBox (SAND), its Purpose & How it Works? – A sandbox is software that runs on Ethereum that operates a decentralized virtual game world. Launched in 2011 by Pixowl, Sandbox was originally a mobile gaming platform aimed at rivaling Minecraft.
Later, it became a hit and generated more than 40 million downloads worldwide. But in 2018, co-founders Arthur Madrid and Sebastien Borget decided to explore the potential of creating a 3D metaverse on the blockchain.
The Purpose of SandBox (SAND)
Their goal is to let users own their creations as NFTs and earn rewards while participating in the ecosystem. The new Sandbox Project was released in 2020 and is one of the fastest-growing games in the crypto world, along with Axie Infinity and Decentraland.
In November 2021, Sandbox raised $93 million in funding from investors led by Japanese mobile giant SoftBank. The game also attracts more than 50 partnerships, including Atari, famous game company CryptoKitties, The Walking Dead, and hip-hop star Snoop Dogg.
At its core, Sandbox is a game where players can buy a digital plot of land, called LAND, and create experiences on it to share with other users.
Sandbox Original Token
In addition to the LAND token of type NFT, Sandbox has two other native tokens that govern operations in its metaverse:
1. SAND tokens
The Sandbox Token (SAND) is the original token of the Sandbox game. It is an ERC-20 token with a total supply of 3 billion SAND.
These tokens can be used to facilitate various transactions that are part of its gameplay, including buying LANDs, interacting with user-generated content, and staking it to participate in decentralized autonomous organizational governance (DAO).
2. ASSET tokens
Non-exchangeable tokens (NFT) that represent in-game items such as equipment for avatars and creations are used to populate LAND. They can be traded in the Sandbox market.
How does it work?
The Sandbox software leverages the Ethereum blockchain to track ASSET, LAND, and digital NFT holdings in its applications. Users further engage with the ecosystem using an Ethereum wallet that stores their SAND tokens.
Developers are also free to innovate within the Sandbox platform by designing animations and interactions experienced in their virtual real estate using several tools:
Users can create voxels, the smallest units of three-dimensional designs. Design and animate creations such as flora, fauna, and avatar-oriented equipment (such as clothing or weapons).
A tool allows users to create 3D games on their LAN, using ASSETs they build or buy in the marketplace.
Users can upload their creations to the Sandbox marketplace, first registered as ERC1155 (ASSET) tokens on the Ethereum blockchain. These ASSETs can then be bought and sold using SAND.
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