The Sandbox update: SAND Live price, price chart, news and markets

The SAND price update as of now is $0.5677. In the previous 24 hours, its trading volume was $193,540,618, and its value has decreased by -7.04%. As of now, SAND's live market cap is $1,544,825,443, and it is ranked as the #75 on the Coincu. SAND has a circulating supply of 3,290,854,821 and a maximum supply of 3,290,854,821.

The Sandbox is a decentralized virtual reality (Metaverse) platform built on the Ethereum platform. It enables players to create NFTs (digital assets) and monetize the content they create.

The Sandbox is a gaming platform in the virtual world where players can build, own, and monetize gaming experiences using the utility token SAND. Players can create NFTs as digital assets, upload them to the marketplace, and integrate them into games using Game Maker.

The Sandbox brings blockchain technology into the gaming industry, attracting crypto enthusiasts and gamers alike. It offers benefits such as real ownership, rare digital assets, potential profitability, and engagement.

Key Aspects of The Sandbox

What is the Mission of The Sandbox?

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain. The platform's utility token, SAND, plays a crucial role in this ecosystem.

The vision is to create a collaborative metaverse that immerses players in virtual worlds and games without relying on a central authority. The aim is to disrupt popular game makers like Minecraft and Roblox by providing creators with true ownership of their creations as non-fungible tokens (NFTs) and rewarding their participation with the utility token SAND.

Traditional game markets suffer from centralized ownership and control over user-generated content, which restricts creator rights and ownership. Central control over the trading of virtual goods limits creators from generating fair value for their creations. Additionally, proving creative ownership of works becomes difficult as content is copied, altered, and built upon.

The Sandbox overcomes these limitations and accelerates blockchain adoption within the gaming market. It achieves this by developing a voxel gaming platform that allows creators to craft, play, share, collect, and trade without central control. Creators enjoy secure copyright ownership and have the ability to earn cryptocurrency (SAND). Each in-game item possesses a unique and immutable blockchain identifier through NFTs.

What Makes The Sandbox Unique?

The gaming ecosystem of The Sandbox includes three integrated products that provide a comprehensive user-generated content (UGC) production experience.

• VOXEDIT: This 3D voxel modeling package is available for free and enables users to easily create and animate objects such as people, animals, foliage, and tools. These objects can be exported to the The Sandbox marketplace as game assets.

• MARKETPLACE: The web-based marketplace of The Sandbox allows users to upload, publish, and sell their creations (assets) made in VoxEdit as tokens (ERC-721 and ERC-1155 tokens).

• GAME MAKER: Users who own assets, whether created in VoxEdit or purchased, can utilize them with the Game Maker and within the game itself. The Game Maker facilitates the placement and use of assets within the user's owned land in the virtual world. Users can decorate their land with assets and implement gameplay mechanics by assigning predefined behaviors to assets through visual scripting nodes.

Blockchain Gaming with NFTs

The virtual world of The Sandbox incorporates blockchain technology and NFTs to empower players and creators. NFTs are virtual tokens that provide digital scarcity, security, and authenticity. Each NFT is unique, indivisible, and cannot be replaced by another.

Via NFTs, users of The Sandbox can experience:

• TRUE DIGITAL OWNERSHIP: Gamers truly and permanently own their digital items, even if the game is discontinued. With blockchain, every game item can be tokenized, allowing gamers to decide how they want to trade, sell, or gift their items.
• SECURITY AND IMMUTABILITY: Digital game items can be easily tokenized and traded in primary and secondary markets facilitated by blockchain technology. The distributed ledger of blockchain minimizes the risks of fraud and theft.
• TRADING: Blockchain-based gaming platforms grant users absolute control over their digital assets. They can freely buy and sell items without worrying about being scammed or a platform shutting down and nullifying the value of their in-game items.
• CROSS-APPLICATION INTEROPERABILITY: Blockchain enables the utilization of shared game assets. Assets, avatars, lands, and other game elements can be used in other games that support such functionality. Game items are no longer confined to a limited digital ecosystem.

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