What is The Sandbox (SAND)? How does it work?

The wave of tokenization in everyday activities from work to entertainment continues unabated, and the next chosen child by Binance is no exception.

Let’s delve into the noteworthy aspects of The Sandbox project with AZCoin today.

What is The Sandbox?(SAND)

The Sandbox is a virtual world where users can build and monetize their gaming experiences on the Ethereum network. At the core of this world is the SAND token. Players can create digital assets in the form of NFTs (Non-Fungible Tokens), transfer these assets to the marketplace, and integrate them into games using Game Maker.

Additionally, the ecosystem introduces the concept of LAND. LAND is a digital real estate entity in the Sandbox world. Once players own LAND, they can use them to integrate into games and ASSETS. Multiple LANDs combined can create an ESTATE.

There are currently 166,464 LAND parcels embedded in maps, forming the Sandbox ecosystem. GEM and CATALYST determine the rarity of ASSETS. CATALYST creates more spaces for NFTs to be added to GEM. The higher the quality of CATALYST, the more space for your ASSETS. Users can also monetize their time on the platform while retaining 95% of SAND as revenue by:

• Selling ASSETS: Users can create and sell ASSETS on the market as NFTs.
• Owning LAND: Buying 1 LAND, players can then rent it out to increase the value of the LAND.
• Building games in Game Maker: Building and monetizing games using Game Maker on the LAND that players own.

Through the use of ERC-1776, Sandbox allows users to transact on the Ethereum blockchain while gas fees are covered by the platform to optimize user experience.

What makes Sandbox different from other metaverse titles?

The Sandbox is renowned for its expanding virtual ecosystem where players not only own the NFT data and assets they develop but also generate value through their creative investments. Sandbox’s gaming environment empowers players to create unique NFTs and sell them if they choose. This model allows The Sandbox to maintain complete decentralization while serving as a global gaming platform.

The Sandbox has garnered public support from prominent figures in entertainment and global business, including Adidas, Opera, Binance, Snoop Dogg, AMC’s The Walking Dead, and others. The Sandbox hosts virtual events within its metaverse, enabling individuals to attend concerts, meetings, gatherings, and more from anywhere in the world.

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How does Sandbox solve Blockchain issues?

The problem at hand is the unequal distribution of value among parties that Sandbox addresses.

In the current game market, ownership rights are concentrated in the hands of game publishers, who control transactions of virtual goods created by players, limiting player creativity.

Furthermore, user-generated content control is restricted, making it easy to copy and difficult to prove creative ownership.

Sandbox’s solution is to build a gaming platform on the Ethereum Blockchain, where creators can create, play, share, collect, and trade without being controlled by game publishers.

Additionally, players can enjoy secure copyright ownership with the ability to earn cryptocurrency (SAND). This copyright ownership will be established and ensured through the use of NFT Tokens, where every in-game item will have a unique identifier on the Ethereum blockchain.

The current products of The Sandbox

The Sandbox platform consists of 5 main parts to create a User-Generated Content (UGC) experience:

VoxEdit

VoxEdit is a 3D modeling tool that enables users to create 3D animated objects such as people, animals, or tools. Voxels, which are equivalent to a 3D pixel, can be easily managed by VoxEdit to generate ASSETS.

The Sandbox Marketplace

The Marketplace enables users to upload, showcase, and sell ASSETS created in VoxEdit. ASSETS can be sold by listing them on the Marketplace.

Game Maker

Sandbox’s Game Maker allows players to create 3D games without any cost. It utilizes multidimensional image-building technology that doesn’t require programming skills.

LAND

ASSETS are items that you can create (such as cars, boats, dragons, etc.), while LAND is the land where you will live.

According to Sandbox’s explanation, LAND (a Token built on Ethereum, using the ERC-721 standard of NFT) is a physical space in the Metaverse owned by players to create and earn money from the game.

Metaverse is a virtual reality space where users can interact with environments created by computers and other users.

Each LAND comes with a set of pre-built terrains, but it can be shaped and modified by the players who own it (or other players they invite to collaborate). In the future, players will be able to combine lands to create ESTATES, STRICTS.

Avatar

An Avatar is a character’s representative image in the game, where players can customize and dress their character with assets. Players can use SAND to enhance their Avatar’s appearance, making it look more attractive and cool.

Detailed information about SAND Token

Key Metric SAND

The SAND token, also known as SAND, is a utility token built on the Ethereum blockchain. It has a contract address of 0x3845badAde8e6dFF049820680d1F14bD3903a5d0 and adheres to the ERC-20 standard. The total supply of SAND is 3 billion tokens, with 885,439,937 currently in circulation.

SAND Token Allocation

The SAND token allocation is distributed as follows:

• Company Reserve: 25.82% of the total tokens, amounting to 774,722,223 SAND.
• Team: 19% of the total tokens, amounting to 570,000,000 SAND.
• Seed Sale: 17.18% of the total tokens, amounting to 515,277,777 SAND.
• Foundation: 12% of the total tokens, amounting to 360,000,000 SAND.
• Binance Launchpad Sale: 12% of the total tokens, amounting to 360,000,000 SAND.
• Advisors: 10% of the total tokens, amounting to 300,000,000 SAND.
• Strategic Sale: 4% of the total tokens, amounting to 120,000,000 SAND.

How to earn and own SAND Token

Similar Axie Infinity and Thetan Arena to acquire SAND tokens, you can:

• Stake your existing SAND tokens to earn more SAND.
• Purchase SAND tokens on The Sandbox’s NFT Marketplace or through cryptocurrency exchanges.

Summary

Through this article, you should have gained some basic information about The Sandbox project to make your own investment decisions. To ensure a secure investment, review the Evaluation Process on AZCoin. Wishing you success and profits in this promising market.