How much Land is available in Sandbox? Do you have the same query in your mind? Are you planning to invest in the sandbox? If yes, don’t skip this article.
For many people, purchasing LAND in The Sandbox is a major move, but it’s also a tremendously rewarding one. This article will tell you everything you must know before investing in the Sandbox.
Introduction to Sandbox
In a 3D metaverse, The Sandbox is a P2E game that mixes blockchain technology, Defi, and NFTs. Its digital world allows gamers to use free creative tools to develop and modify their games and digital materials. The produced virtual items can subsequently be commercialized as NFTs and traded on The Sandbox Market for SAND tokens.
The Sandbox’s indigenous token is SAND. It serves as the foundation for all game activities and interactions. SAND can be won through participating in The Sandbox’s activities and contests or bought on cryptocurrency exchanges such as Binance.
What is a LAND?
In The Sandbox’s metaverse, a LAND is a digital piece of real estate. LAND is used to create digital experiences such as games, diorama, and assets.
The Sandbox’s main site has a virtual map where you may find LANDs.
The gameplay, guest counts, economy, and exposure of the games constructed on those LANDs will all be influenced by their proximity to significant partners and other critical areas. Game developers will also be able to rent LAND. Gamemakers will be able to work together with other producers or voxel artists to create a fantastic experience on that LAND.
How much Land is available in Sandbox?
There are a total of 166,464 LANDs.
Which is the cheapest LAND in Sandbox?
Rates for the cheapest available tracts of property on two prominent platforms are selling for more than $13,000, shutting out many would-be proprietors as the metaverse land rush continues.
The term “metaverse” refers to many online platforms that are collaborating to create an interactive world with virtual entertainment and companies. a business that measures digital real estate prices, the cheapest price for a piece of digital property in the Sandbox ecosystem was 3.7 Ether, the equal of $14,099, while on Decentraland it was 3.46 Ether, the value of $13,211, as of Wednesday.
A 1×1 plot of land, the minimum size available, is comparable to 96-by-96 “meters” in the Sandbox and 16-by-16 “meters” in Decentraland for the user’s character.
How Big is Sandbox LAND? Estate Type and Size
|Estate Type||Estate Size||LANDs per parcel|
Color in the Map Inside Sandbox
|Colour||Assets available for purchase|
|Grey||LANDs or ESTATEs|
|Purple||LANDs or ESTATEs booked by you or somebody else|
|Red||LANDs or ESTATEs that you own|
|Green||LANDs or ESTATEs that are owned by somebody else|
|Blue||LANDs or ESTATEs reserved for partners|
Valuing the Price of LAND on the Secondary Market
One thing you may have observed about the network is that the rate of NFIs and coins fluctuates. Many reasons contribute to this variation.
It’s reasonable that valuing things becomes a little perplexing as a result of this.
Furthermore, other criteria such as the closeness of a LAND to important partner ESTATEs influence the cost of LANDs in The Sandbox. A high price LAND that is adjacent to a huge ESTATE owned by a significant partner, for example, maybe priced much higher than a quality LAND that is not adjacent to the ESTATE or an ordinary LAND further away.
Why is that? Because portals located on these allied ESTATEs will allow players to spawn into the virtual world. These users will then spread out and visit the adjacent LANDs, with premium LANDs being the most accessible.
Why Investors Buy SAND?
Property on Sandbox is primarily used to allow users to host living experiences such as videogames, art museums, shops, scenes, and interesting education. Sandbox’s proprietary game development program, known as the Game Maker, may be used to design and build these experiences, which can subsequently be released on any of the creator’s territories. Gamers may be charged a bitcoin entrance fee is able to reach the experience offered on the land.
Landowners will be able to stake cryptocurrencies on their lands in exchange for passive benefits in the future. One of these perks is GEMs, an ERC-20 token that is extremely coveted and sought after by property design professionals. These GEMs can be traded on the market in addition to the standard staking rewards.
The number of Land areas you own functions as a multiplier when you deliver the SAND-ETH income stream to the UniSwap liquidity provider, increasing the amount of SAND coinage you receive through cash flow processing.
Landlords will then be able to lease out their own Lands to others, like game makers and film development businesses who dropped out on the first Land sales. When all of the property has been sold, demand for land to rent will soar as more individuals become aware of The Sandbox and choose to submit an encounter there.
Host Contests and Giveaways
Lands can host events and giveaways, inviting a large number of paying purchasers to your property in order to participate in the contest or giveaway. You could also enable others to market themselves by hosting tournaments or prizes on your Lands – for a price, of course.
Selling Asset NFTs
If you decide to post an experience on your property, you’ll need to set up entrance conditions as well as charge a price to access the experience.
Players must initially own a particular asset NFT, which is one of the admittance conditions you can specify. For example, a player may be permitted to acquire weaponry from an NFT blade collection you also placed on the international industry in order to play a thrilling pirate game you released on the land.
Of course, selling land inside Sandbox is another way to make money, especially when it’s in a high-traffic and extremely sought-after area of the Metaverse. In the long term, though, you will most certainly earn more money through a combination of the other strategies listed above if you peacefully keep onto your Land regions for a lengthy span of time.
If you want to start your crypto investing journey with the Sandbox, you must learn everything about this virtual word game and the SAND coin. You can read our other articles on various cryptocurrencies which will help you get in-depth information about them. By keeping the track of the prices and market caps, you will be able to predict future values.