SAND: The Cryptocurrency Fueling The Sandbox Metaverse

Sand: Everything You Need to Know

Sand is a decentralized cryptocurrency token created on the Ethereum blockchain and used as the native currency of The Sandbox, a gaming platform where users create, own, rent, and monetize their virtual worlds and experiences. Sand is an ERC-20 token that can be used to buy and sell digital assets on the platform, such as land parcels, items, avatars, and games. Sand also enables users to participate in the governance of the platform, by voting on proposals and staking tokens to earn rewards.

How does it work?

The Sandbox is a virtual world that consists of 166,464 land parcels, each of which is a non-fungible token (NFT) that represents a unique piece of digital real estate. Users can buy land parcels with sand tokens and use them to create and host their own games and experiences, using a suite of tools provided by the platform. These tools include VoxEdit, a 3D voxel editor that allows users to create and animate 3D models; Game Maker, a drag-and-drop interface that enables users to design and program games; and Marketplace, a decentralized exchange where users can buy and sell their creations.

Users can also rent their land parcels to other users, who can then use them to host their own games and events. This creates a dynamic and diverse metaverse of user-generated content, where users can explore, play, socialize, and earn sand tokens. The Sandbox also features a play-to-earn model, where users can earn sand tokens by playing games, completing quests, and participating in events.

Who is the team behind it?

The Sandbox is developed by Pixowl, a gaming studio founded in 2011 by Arthur Madrid and Sebastien Borget. Pixowl has a team of over 40 developers, artists, designers, and community managers who work on the project. The Sandbox is backed by several prominent investors and partners in the blockchain and gaming industry, such as Animoca Brands, Binance, Square Enix, Atari, Crypto.com, Gemini, MakerDAO, and Winklevoss Capital.

What are its use cases?

Sand cryptocurrency has several use cases within the Sandbox ecosystem. Some of them are:

Buying and selling land parcels: Users can use sand tokens to purchase land parcels on the platform or sell them to other users for a profit. Land parcels are scarce and valuable assets that can generate income for their owners.

Buying and selling digital assets: Users can use sand tokens to buy and sell various digital assets on the Marketplace, such as items, avatars, games, and services. These assets are also NFTs that can be used or traded on the platform or other platforms that support NFTs.

Participating in governance: Users can use sand tokens to vote on proposals that affect the development and direction of the platform. They can also stake sand tokens to join the Sandbox DAO (decentralized autonomous organization) and earn rewards for their contribution.

Playing games and earning rewards: Users can use sand tokens to play games created by other users or themselves on the platform. They can also earn sand tokens by completing quests, winning competitions, or participating in events hosted by the platform or other users.

Sand cryptocurrency is a token that powers a virtual world where users can create, own, rent, and monetize their digital assets and experiences. It is a token that enables users to participate in a thriving gaming community that is decentralized, democratic, and creative.