The Sandbox is best known for its two smash mobile hits, The Sandbox (2011) and The Sandbox Evolution (2016), which merged for 40 million downloads on iOS and Android. Pixowl, a developer/publisher, decided in 2018 to bring this effective User Generated Material gaming IP and a large community of creatives from mobile to the blockchain ecosystem.
This manual will explain the process of where to buy Sandbox (SAND)and explore the idea of The Sandbox’s virtual worlds if you really want to learn how to buy shares in the metaverse.
The goal is to disrupt established game makers such as Minecraft and Roblox by giving founders actual ownership of their creations in non-fungible tokens (NFTs) and rewarding them for their participation in the ecosystem.
The Sandbox allows people to explore and experiment in a blockchain-based metaverse that they have helped to create.
The Sandbox, which was first released as a mobile app in 2012, brings actual digital ownership and the ability to monetize immersive experience to the game by introducing non-fungible tokens (NFTs) and its cryptocurrency, SAND.
What exactly is The Sandbox?
The Sand token is an ERC-20 token on the Ethereum platform that serves as the Sandbox ecosphere native asset. It is typically used to monetize in-game items such as land and ornaments, and it can also be played to earn a return.
Users can create and animate games and other items using the platform’s 3D editors. They can exchange these assets for Sand tokens on the market. The tokens are added to the Sandbox’s blockchain as NFTs, ensuring their uniqueness and preventing counterfeiting. Sand can also be used as a democratic accountability token, enabling holders to participate in application judgment.
The Sandbox game is played on a large map divided into small areas known as lands, which can be purchased and sold as NFT real estate. Landowners can increase the value of their plots by enhancing them with other NFT assets from the marketplace.
They could also rent out their land to other players or hold events to charge an admission fee. Land can be joined together to form an estate or a town to attract more paying users. When available, you can buy land from the company or marketplaces such as OpenSea.
The quantity supplied of Sand will be 3 billion, with the vast majority going back to the platform and its pioneers, advisors, and squad. Much of this allocation and some coins sold in the initial sales will be trapped for 3 to 5 years, limiting the circulating supply of Sand. Atari, CareBear, and Square Enix are among the many partners on the project.
These collaborators have already bought large plots of land and created one-of-a-kind experiences for players.
SAND’s Brief History
The Sandbox group started two extremely highly smartphone games in 2011 and 2016, each one with 50 million uploads, before constructing a most recent match in their company. The company and its partners recently decided to monetize user-generated content for creators. The platform desired users to have complete ownership of the content produced in the game. Sandbox developers achieved this goal by incorporating their already well-known IP into the Ethereum blockchain.
The sand was listed on Binance Exchange in Q3 2020 through an initial exchange offering (IEO).
It began trading on Binance for $0.0083 and mainly remained flat until February 2021, when it surged in price. SAND tokens soared to over $0.90 per coin in early 2021, more than doubling their value just months before. On the other hand, SAND fell by more than half in the summer of 2021. The Sandbox surged past $8 after Facebook announced its rebranding to Meta before retracing back down at the end of November 2021. The token is currently ranked among the top 50 coins by market capitalization, with a per token price of more than $6.
3 Steps on How to Purchase The Sandbox
Select a Broker or Exchange
If you want to buy SAND, the first thing you’ll need is a trustworthy broker or exchange platform. Ideally, you’ll want a platform that’s simple to use and doesn’t charge you exorbitant fees for your purchases. Look no further than our top-recommended platform if you’re unsure where to begin.
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Establish and fund your Account
You can create an account once you’ve found the platform that’s right for you.
This will entail providing some basic information to comply with KYC requirements, and regulated platforms will most likely request documentary evidence such as a photo ID and proof of address. Once that’s done, you can end up making a deposit using any accepted payment system.
Purchase The Sandbox
The last step is to make a purchase. Look for SAND in the coins and make sure to select the SAND able to trade pair that includes the currency you just deposited. Create a business buy order if you need SAND right away. You can also place a limit order, which will cause SAND to be purchased automatically when it reaches a specific future price.
What exactly are NFTs in The Sandbox?
Non-fungible tokens (NFTs) are essential to the game’s economy and mechanics. To fully grasp The Sandbox’s potential, it is necessary to comprehend the significance of NFTs. Fungibility merely refers to the ease with which something can be exchanged. Because $1 can be substituted for almost everything, it is fungible.
Non-fungible items cannot be easily exchanged, have distinct characteristics, and have a different valuation. NFTs are objects that have a one-of-a-kind stamp of truthfulness, making them collector items. The Sandbox’s NFTs are recorded on the Ethereum blockchain. This means that they have a permanent record of who owns them.
NFTs are critical to The Sandbox’s ecosystem because anybody could become an asset or game founder. The more unique and appealing the purchase, the more willing players spend on it. This encourages asset creators to create the most exciting assets for the game, thereby promoting a virtuous loop inside the game.
It opens up an infinite variety of choices for creators and, as a result, improves the overall gameplay experience.
How does The Sandbox’s play-to-earn system work?
Players can converse with The Sandbox by using their avatar. They can explore the Sandbox world, view these players’ content, play games created by other players, and attend events held on other players’ land. Alternatively, they can interact with The Sandbox by using the game maker application within the game to create assets for the global market or a game.
Where to Buy Sandbox?
As previously stated, the most secure way to store cryptocurrency is in a crypto wallet. Cryptocurrency wallets allow you to control who has access to your cryptocurrency funds, whereas exchanges such as Coinbase, Gemini, and others must keep custody of your funds. Check out our best picks for the best software and hardware wallets available today.
Ledger is the Best Hardware Wallet
Ledger makes two excellent hardware wallets that prioritize security while making it easy to access your funds. The Ledger Nano S is a simpler model that is ideal for newcomers. The Ledger Nano X includes Bluetooth functionality and a larger screen to improve usability. Both devices use the same certified secure chip, ensuring that no one can access your cryptocurrencies without your device and seed phrase. Ledger wallets support over 1,000 cryptocurrencies and all ERC-20 tokens, including Sand.
Coinbase Wallet is the Best Software Wallet
Even though digital wallets are the most secure way to store your coins, software wallets such as Coinbase Wallet usually have had more functionality. The Coinbase Wallet app is available for download on iOS in the App Store and on Android in the Google Play Store. You can also use your pocket on your computer by installing the Google Chrome extension.
The wallet claims to support all ERC-20 tokens and many others on various networks. The app includes a place to store one non-fungible token (NFTs), a trade tab where you can swap cryptocurrencies, and an internet explorer tab where you can easily browse and communicate with dApps like the Sandbox NFT marketplace.
SAND Tokens can be Traded, Sold, or Converted
Sand and other altcoins can be highly volatile, so you should know how to sell your coins before purchasing. If the platform begins to lose users and creators, the Sand token’s value will likely fall. It might be a good idea to sell your Sand before player attrition becomes an issue. It is simple to sell your coins on Gemini and Crypto.com for USD or USDT (a stable coin pegged to the USD). Simply complete the trade once you’ve found the Sand/USD (or USDT) pair on the exchange. Then you can either withdraw your USD to your bank account or keep it in the business to purchase another cryptocurrency.
Current Cryptocurrency Prices
Over the past year, Bitcoin and other cryptocurrencies led the cryptocurrency market on a massive bull run, reaching all-time high points of over $67,000 and $4.700, respectively. Many altcoins have yet to recover from all-time premium costs earlier this year, but specific layer 1 smart contract blockchain technologies and metaverse virtual currencies have surpassed the industry.
Another aspect of Sandbox is LAND, so What exactly is LAND?
In The Sandbox platform, LAND is an electronic piece of real estate. It’s a one-of-a-kind ERC-721 token on the Ethereum platform. Players can purchase LANDS and use the Game Maker tool to create their games using ASSETS. They could also combine several LANDS to create an ESTATE.
Players can monetize their gaming performance with LAND. They could, for instance, start charging other gamers who attend their LAND or participate in their gameplay, earn SAND benefits by sponsoring content and happenings, and sell the property of their customizable LAND.
In The Sandbox, land plots are virtual real estate-owned properties by a specific player. Users use land plots to create games, dioramas, maps, etc. Each land plot is a one-of-a-kind, non-fungible Ethereum blockchain token (ERC-721). Their total number is limited to 166,464 landholdings.
Real estate can be created by combining several land plots. Owners can rent out their land plots to other gamers, collaborate with them, and grant them direct exposure to their territory. A District is a type of in-game real estate that belongs to multiple owners simultaneously. On The Sandbox’s official website, you could become the owner of LAND by using a digital map.
There are several types of real estate in the game, each different size: a typical 11 land plot measures 96 meters long and 96 meters wide. 1 meter equals 32x32x32 voxels in the Sandbox universe.
Is it a wise investment to buy sand?
Sand is a high-risk investment with significant upside and downside in its short history. Investing at the right time could result in massive returns as the metaverse’s hype grows due to institutions joining in. However, Sand’s performance is heavily dependent on the game, and if it does not attract enough paying users, the coin may lose a significant portion of its value.
How Could You Earn Money While Playing Video Games?
It is entirely dependent on the users themselves. The framework does not offer investment advice, but you can always seek advice from community members. You can generate passive income by investing SAND in LAND. At present, the only way to obtain in-game items which you can use or sell is to contribute.
In the game, you can contribute to the liquidity provider and receive a share of the profit, the quantity of which is determined by the rate. The remuneration will rise in proportion to the number of land plots you own. You may be required to pay income tax if you profit from SAND tokens. For more information, consult your country’s tax regulations.
Today, we took a look at one of the most hopeful NFT projects and a step-by-step guide to buying sandboxes. The Sandbox is just a Cryptocurrency metaverse in which players can design, own, and monetize their playing experience. The SAND token from the Sandbox venture is an ERC-20 utility token that is used as in-game cash.
The Sandbox is a framework for user-generated material that enables users to create and contribute to the metaverse. Unlike other famous play-to-earn gameplay, the Sandbox does not have a predefined multiplayer world. It takes a flexible approach that allows users to customize everything using free and simple tools. Users’ content can also be monetized as NFTs or used to improve their gameplay experience.