The gaming industry took a new turn when it incorporated blockchain technology. This sets it on the pedestal of being one of the few industries that maximize the potential of blockchain technology to yield advancement and development. A pioneer is the Sandbox, which supports the creation of play-to-earn NFT games.

The financial reward model along with using blockchain technology to develop and host games further amplifies the booming nature of the industry. This birthed the term “play-to-earn gaming.” It describes a gaming platform where users play games and earn rewards through crypto tokens for their participation.

In this article, we examine one of the pioneering metaverse games, the Sandbox, what it is, how it works, and if its native token (SAND) is a worthy investment.

What is Sandbox (SAND)? | Definition of Sandbox (SAND)

The Sandbox is a metaverse game that allows players to build a virtual environment on the Ethereum blockchain using non-fungible tokens (NFTs). The platform is built so players can create avatars with access to different parts of the Sandbox metaverse.

At the core of its metaverse, you can buy LAND, digital plots of land, and create immersive experiences on them you can share with other players in the Sandbox metaverse.

The Sandbox was initially launched in 2011 by Pixowl as a mobile gaming platform. After successfully recording millions of downloads, the co-founders created a 3D metaverse on a blockchain. This led to the release of a new Sandbox project in 2020, where users' own creations are rewarded as NFTs for participation.

How Does the Sandbox (SAND) Work?

The Sandbox is a unique virtual environment designed for individuals to interact with user-generated game content. As a platform, players have the tools and functionalities needed to create crypto entities within the game, such as NFTs, avatars, or games, while using the platform’s VoxEdit and Game Maker.

Aside from using those virtual elements to interact with other users, you can convert your NFTs to fiat currencies by offering them up for trade on the Sandbox Marketplace. The Sandbox ecosystem has three significant products and services that make it easy for users to generate content. They are the Sandbox Marketplace, VoxEdit, and Game Maker.

• The Sandbox Marketplace

The Sandbox Marketplace is the project marketplace where asset developers (artists) upload their assets. This occurs after the “Creator Fund” accepts them into the program. Thus, these developers can then put their assets on the marketplace. This is why it is crucial to be able to differentiate between asset creators and gamers within the Sandbox metaverse.

As a player, you can sell your digital assets to other players in the metaverse, thereby making money from your digital creations. However, it is vital that you upload your assets to the InterPlanetary File System before importing them into the marketplace. Likewise, you can use assets purchased from verified developers to create game experiences.

• VoxEdit

The Sandbox’s VoxEdit is a free program on the Sandbox platform for players to build different gaming experiences. This means that players use Lego-like parts to create different elements that make the game experience. This is used to create avatars and perhaps other elements such as clothing, weapons, or game tools on the Sandbox.

In-game characters and items are called “assets.” After creating assets, you can convert them to ERC-1155-compliant NFTs, allowing you to print as many copies of the asset as you want.

• Game Maker

The Sandbox has gone beyond having a single game on its platform. Instead, it opens up the metaverse and allows everyone to build, own, and monetize their creations as blockchain technology advances.

The Sandbox’s Game Maker is a straightforward gaming program users leverage to build their 3D games. Likewise, you can run your game on it and test it out to determine if there is a need to make some changes.

You don’t need any coding knowledge before you can use the program. With this tool, you can build and design your game in a unique environment known as LAND.

What SAND Is Used For?

SAND is the native token of the Sandbox metaverse. It is a utility token which uses the ERC-20 standards while enjoying the security and scalability of the Ethereum blockchain. This token is vital for executing transactions on the platform. Beyond that, it is used for other purposes below:

• Staking

When you stake SAND on the virtual environment known as LANDS, you earn passive income and receive more SAND as you stake more. SAND is crucial for staking as you need it to earn Catalysts and Gems you use to create assets.

• Foundation

The Sandbox has a foundation that is on a mission to promote further the platform’s mission of creating high-quality games and content. As a result, the foundation provides artists and game developers with grants to support their crypto-gaming projects before their public launch. The metaverse value increases as the games they support rise. As a result, more outstanding games are created and funded through the foundation.

• Accessing the platform

As a SAND token holder, you can use SAND to purchase equipment or customize your avatar character. Likewise, creators use the SAND token to buy ASSETS and LANDS and engage in token staking.

• Governance

SAND is a governance token that grants token holders the right to vote on how the platform is governed via a decentralized automated organization (DAO). As a token holder, you vote on critical issues, including determining which crypto gaming projects win the grants from the Sandbox Foundation funding. The unique feature is how the Sandbox allows SAND holders to vote for themselves or give up their voting rights to other players.

Where to Buy Sandbox (SAND)

The Sandbox has played a significant role in fusing gaming and blockchain technology while creating a platform for developers to build outstanding games based on the play-to-earn (P2E) model. This gave rise to an alternative earning pathway in the crypto ecosystem while people keep doing what they love.

SAND has kept gaining attention from investors and users across all boards. Likewise, more crypto exchanges now trade SAND tokens. As a result, you can buy Sandbox (SAND) from platforms such as Binance, Gate.io, Uniswap (V2), LATOKEN, and others.

Should You Invest in the Sandbox (SAND)?

The Sandbox platform has played a significant role in pioneering growth and development in the P2E gaming ecosystem. Its success in the decentralized space has earned its native token (SAND) an incredible reputation in the crypto space.

With the continuous evolution of the metaverse gaming space, SAND is positioned to keep amassing value that could potentially bring profits to its token holders. 

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This article is intended for educational purposes and is not financial advice.