Recently, the gaming business has changed its focus. It has begun putting money into initiatives that use blockchain technology. As a result, the pay-to-play paradigm has given way to the play-to-earn model. These play-to-earn games make advantage of the metaverse. Redefining how players interact with their surroundings in the game as a result.
Let's Get to Know Sandbox a Little Better
Sandbox is a play-to-earn game built on Ethereum. Sandbox also incorporates blockchain, DeFi, and NFTs into a 3D metaverse. The game popularised blockchain in the gaming industry. It includes elements like genuine ownership, digital scarcity, monetization, and cross-game interoperability. As a result, it appeals to both crypto and non-crypto gamers.
Gamers can use this virtual world to develop and personalize games. Users can also use free design tools to customize other digital materials. Gamers can also create, own, and profit from their gaming experiences. Created on LAND, these experiences are exchanged for non-fungible tokens (NFTs).
On the Sandbox Marketplace, these NFTs can be swapped for SAND tokens. Users can also integrate these experiences into the game using the Sandbox Game Creator. Sandbox's metaverse economy is made up of creators and players. These players have complete control over the economy.
The following integrated products are part of the Sandbox ecosystem:
The Voxel Editor is a tool that allows users to build NFT game elements. The smallest three-dimensional unit of design on the platforms is termed a voxel. Voxels can be used to construct vegetation, wildlife, avatars, clothing, weaponry, and so on.
The Sandbox Marketplace is an NFT Marketplace. It can be used to acquire or trade items developed with the Voxel Editor in return for SAND.
Sandbox Game Creator is a toolbox that allows gamers to make 3D games. These games were made in the Sandbox metaverse. They are built on unique experiences and do not require any coding knowledge.
Sandbox Created by & For Whom
2012 saw the launch of Sandbox's initial incarnation as a mobile game. Onimatrix, the designer of the game, and Pixowl collaborated on it. The Pixowl team was led by Arthur Madrid and Sébastien Borget. The game was downloaded onto mobile devices by more than 40 million users.
2018 saw the purchase of Pixowl by video game developer Animoca. The purpose of Animoca was to build a 3D world using blockchain technology. They want to give people the means to produce, take ownership of, and profit from their experiences. To reward users, Animoca intended to employ user-generated content and token economics.
How Does the Sandbox Operate
Let's now see how Sandbox functions. The Sandbox gaming environment is powered by the following five categories of tokens:
SAND: The in-game money in the Sandbox environment is called SAND.
LANDS: This is a representation of the space where players can interact and create experiences.
ASSETS: The NFT voxel models in question were made by gamers. These assets can be traded later on in the Sandbox Marketplace.
GEMS: In-game purchases can be made using ERC-20 tokens known as gems. They are also burned to give assets qualities.
CATALYSTS: To create assets, these ERC 20 tokens are burned.
SAND, GEM, and CATALYST are all identical ERC 20 tokens. A LAND token is an ERC-1155 token, while an ASSETS token is an ERC-721 token.
The Sandbox platform, as we all know, runs on Ethereum, where it keeps track of token ownership. Additionally, it permits owners to freely transfer, sell, or utilize them. The Interplanetary File System keeps the asset information (IPFS). The data cannot be altered thanks to IPFS.
As a result, it prohibits access without the owners' consent in each case. Moreover, Sandbox uses a conventional backend provided by Amazon Web Services (AWS). It serves as the backbone for its web frontend. Artists save their work in an S3 bucket before minting it.
The anonymity of an artist's creations is ensured by Sandbox, though. It seeks to make it impossible for anyone to view the artwork before it is issued. After coined, an asset is kept on IPFS so that it can be exchanged publicly. As a result, the following is the structure of the Sandbox:
Voxel editors are used by creators to produce objects. They then use a browser to upload these files.
- A Metamask serving as a bridge between users and the Ethereum network.
- A browser that connects to a Sandbox server and enables user interaction with smart contracts.
- The backend is supported by a sandbox server hosted on AWS.
- Following confirmation of the transaction, the asset is finally made available on the IPFS network.
Sandbox Avatar Creation
Players can design and customize their avatars in Sandbox so they can interact with the metaverse. For their avatars, players can choose from a variety of clothes, accessories, weaponry, haircuts, and colors. The Voxel Editor can be used to accomplish this. A new avatar tool from Sandbox, however, enables customization without using the editor.
What is The Sandbox Marketplace
Sandbox Marketplace is a market where artists and users can sell and acquire digital assets in the form of non-fungible tokens (NFTs). The Creator Fund accepts only a few asset creators. Only these creators can create assets in Voxel Editor. Creators must, however, upload their assets to the InterPlanetary File System before selling them (IPFS). Finally, accepted asset creators can swap their assets for SAND.
The Sandbox Land
Sandbox LAND is a virtual plot of land in Sandbox's metaverse. Players cannot submit their game experiences on Sandbox Game Creator without LAND. Each LAND has its own NFT that adheres to ERC-721 specifications. These LANDS can be combined to build ESTATES by players.
Gamers can purchase LAND through the Sandbox website's official public LAND sales. There are 166,464 LANDS available for sale in total, which will be offered in multiple public sales. These announcements are available on the Sandbox Discord, Telegram, and Twitter channels.
Read About: Difference Between Web 1.0, Web 2.0, And Web 3.0
How Can We Get Sandbox Crypto Coin
The Sandbox ecosystem's native token is the SAND token. It is the most common ERC-20 token in the Sandbox metaverse. It gives players the ability to create, play, own, govern, trade, and earn. The SAND token can also be used as a means of trade. Users can accumulate SAND and use it to play games, buy equipment, or customize their avatars.
Furthermore, creators can use SAND to purchase ASSETS and LAND. SAND tokens can also be used to acquire GEMs and upload ASSETS to the Marketplace. It is also employed in governance. Staking allows platform users to earn Sandbox cryptocurrency. SAND stakes can also yield GEMs or CATALYSTs as rewards.
Sandbox Metaverse Coin's Future and Price Prediction
Essentially, there are a few factors that indicate why Sandbox may do well in the future. Sandbox previously raised $3.41 million in funding from strategic investors including Hashed, Square Enix, and True Global Ventures. Second, Sandbox has acquired over 60 collaborations to further the ecosystem's development. Among the brands participating in these collaborations are Smurfs and Shaun the Sheep. Dapper Labs (CryptoKitties) and other dApp gaming developers are among their collaborators. Their investors include ATARI and Square Enix.
The SAND coin was selling at $1.278 at the time of writing. But, based on an examination of its trading activity, we have made a few price forecasts for SAND. According to Wallet Investor, SAND cryptocurrency will be worth roughly $3.790 in 2023 and might reach $13.33 in five years. The price of a digital coin is expected to average $1.66 in 2022, $2.88 in 2027, and $5.20 in 2029.
According to Gov Capital, the SAND coin will be worth $10.82 in a year and $96.095 in five years. According to the Price Forecast, SAND will cost roughly $4.17 in 2025, up from $1.41 in 2022, and will grow to $13.03 by 2028 and $25.95 by 2030.
Sandbox is a metaverse game that allows users to develop assets and gameplay experiences that they can then sell on the marketplace. The gaming experiences are hosted on LANDS, which may be purchased through a LAND public sale. Throughout the game, gamers may also build and customize their own avatars.
The SAND coin is the platform's native token. The token can be used to purchase games, LANDs, GEMs, and other items. Furthermore, it can be used for staking and receiving incentives on the platform.