In previous blog articles, we’ve covered a broad view of cryptocurrency and offered a closer look at Bitcoin, Ethereum and several other altcoins. We also looked at Play-to-Earn Games You WIll Love 💗 which covered crypto-based metaverse gaming.
👀 In this article, we’ll take a closer look at the metaverse platform – The Sandbox and provide information on what it is and how it works. Here is our brief guide to get you on a clearer path to understanding.
🌰 THE SANDBOX IN A NUTSHELL
👉 The Sandbox is an Ethereum-based Play-to-Earn metaverse game where players can buy digital plots of virtual land, called LAND. Sandbox users can create customized experiences on top of their LAND NFT tokens to share with others.
💰 SAND is the ERC-20 token used within the game as the basis for all of the ecosystem’s interactions. It is designed to facilitate various transactions that are part of The Sandbox’s gameplay, including purchasing LAND, interacting with user-generated content (UGC), and staking to participate in the governance of its decentralized autonomous organization (DAO).
📜 THE SANDBOX HISTORY
The Sandbox started off as popular mobile gaming titles The Sandbox (2011) and The Sandbox Evolution (2016), available on iOS and Android. In 2018, developer / publisher Pixowl decided to introduce the game to the blockchain ecosystem.
The game rose in popularity and developed as one of the premier UGC-based free-to-play and play-to-earn gaming brands in the blockchain space. During this time, celebrities and brands have flocked to the space, including Snoop Dogg 🎤, Adidas 👟, Paris Hilton 👱🏽♀️, The Walking Dead 🧟, Gucci 👜 and Ubisoft 🎮.
📊 THE SANDBOX TOKENOMICS
The total supply of The Sandbox’s SAND token is 3 billion SAND. Currently, the supply of SAND in circulation is approximately just under 50% of the total or just under 1.5 billion SAND. The current market capitalization of SAND is approximately USD$660 million.
🌎 THE SANDBOX METAVERSE
The Sandbox is one model of a blockchain-based metaverse in the same vein as Decentraland.
🏗️ A capped total of 166,464 LAND units exist within The Sandbox. Each are contained in a map that forms The Sandbox metaverse.
Two different parcel types are available on The Sandbox map 🗺️:
- LAND: The basic Sandbox unit on the map. Each LAND unit comprises 96 x 96 meters of virtual space in the game world – large enough to enable a range of blockchain game experiences, but not too large to be unmanageable for an individual user.
- ESTATE: An ESTATE is the combination of multiple LAND units. Here, there is a potential for creator teams to develop larger and more immersive online experiences.
💲 THE SANDBOX PRICE
When The Sandbox initially launched in mid-2020, the price of its SAND token remained fairly steady while the project was in development and fluctuated between USD$0.03 and USD$0.32 from its launch date through to early 2021. The bull run of 2021 saw MANA climb to an initial peak of USD$3.03 in November. Later that same month, the SAND value reached an all time high price of USD$7.53, before coming off those highs in the subdued 2022 bear market.
👉 EARNING SAND TOKEN WITH BLOOM
📲The Bloom shopper rewards app allows you to earn The Sandbox’s SAND token and other crypto (like Bitcoin, Ethereum and a range of other altcoins) with every purchase made on your Visa card 💳.
🦉 All you need to do is download the Bloom app, register an account, link your Visa card and shop anywhere using your credit or debit card.
💰 With every purchase, you will earn Bloom Coins by simply using your Visa card💳. The more you use your card, the more Bloom Coins you will earn.
🎁 Bloom Coins can be redeemed for in-app rewards and converted into SAND..
🆓 Converting crypto on Bloom, such as SAND, is free of charge and has no gas fees!
💎 Earn exclusive 3x Bloom Coin rewards with a Premium Membership.
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Bloom does not recommend that any cryptocurrency or NFTs should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.