Sandbox (SAND): A beginner’s guide to the trending metaverse platform
SAND, the platform’s utility token, can be made, influenced, and traded within the Sandbox, a virtual space built on the Ethereum blockchain. The Sandbox allows users to make, influence, and trade their game experiences.
In the conventional gaming system that is not decentralized, because of the centralized ownership and control of the content that the user creates while playing the current game, the benefits that were supposed to be enjoyed as a result of being the creator and owner of the game are severely restricted.
Due to the fact that players have centralized control over the deals they make among themselves, it can be challenging for players to generate fair value for their innovations.
In addition, proving that one is responsible for a work that was created can be difficult, especially considering that content is frequently replicated, altered, and developed.
The current challenges are managed by developing a voxel gaming setting that allows makers to build, play, offer, collect, and exchange without depending on a regulatory body while at the same time ensuring copyright ownership and safely maintaining earnings of SAND (the native crypto token).
This step will hasten the adoption of blockchain technology, which will lead to the expansion of the blockchain gaming industry.
In addition, non-fungible tokens (NFTs) are used to create and ensure copyright ownership, with each game item having a unique and immutable blockchain character. This ensures that the ownership of the copyright is not challenged.
The ways in which we earn money, play video games, collect artwork, and build networks are all being impacted by NFTs. Many NFT-based projects have matured into fully functional metaverses, with The Sandbox taking the lead position.
This article will walk you through everything you need to know about a Sandbox game, including how to purchase Sandbox crypto, the reason for its popularity, and the potential for The Sandbox going forward.
Types of Tokens in The Sandbox Ecosystem
On the platform The Sandbox, users can fall into one of four categories: players, creators, curators, and landowners.
Six unique types of tokens can be used within the Sandbox metaverse. To facilitate the growth of a closed-loop economy among customers, each user will be required to use one of four user-specific tokens: SAND, ASSET, LAND, or GAME.
The other two tokens, which were not mentioned, have been saved so they can be used with VoxEdit when assets are being built. These two are what the article refers to as GEMS and CATALYSTS, and their meanings will become clearer later on.
SAND token
This utility token, which carries out its function within a Sandbox, is helpful for transactions and interactions that adhere to the ERC-20 standard. Sandbox coin also referred to simply as SAND, is the native currency of The Sandbox.
ASSET token
A non-fungible token (NFT) that adheres to the ERC-1155 standard. Users of VoxEdit are the ones responsible for the creation of this token, which can then be bought and sold on the marketplace. The available assets are various items, vehicles, creatures, and structures.
LAND token
The Sandbox metaverse is a tiny digital real estate parcel that users can utilize to store games created with Game Maker and Assets made with VoxEdit. The LAND token represents the Sandbox metaverse. Every LAND token is non-fungible and complies with the ERC-721 standard at the same time.
GAME token
The combination of physical assets and computer code produces an entertaining and engaging activity known as a GAME. GAME tokens are typically combined with LAND tokens to demonstrate that the player has been active within the Sandbox. Game Maker allows developers to make their own games, which results in creating a non-fungible GAME token that adheres to the ERC-1155 standard.
What exactly is sand, and what are some of its applications?
The Ethereum utility token known as SAND, which conforms to the ERC-20 standard and serves as the foundation for financial dealings on Sandbox, is denoted by the symbol SAND. The following are some of the functions that can be performed with its assistance:
Gain access to the system.
Users have access to various activities on the SAND platform, including playing games, purchasing equipment, customising the appearance of their avatar character to reflect their individual preferences and even acquiring SAND through the platform’s interactive features. Creators can use the SAND token to purchase ASSETS and LANDS and stake the token. Sales influence the demand for LAND in order to buy SAND, which in turn influences the demand for LAND.
Staking
SAND makes it possible for the staking process to take place, which enables users to earn passive income on LANDS; the act of staking SAND allows you to acquire more of the resource.
Staking and increasing one’s SAND earnings are the primary means by which one can acquire GEMS and CATALYSTS, both of which are essential components for the production of ASSETS.
Governance
SAND is a governance token because it enables its holders to collaborate and make decisions regarding the governance of the platform through a distributed automated organization (DAO).
They have the ability to make the most critical decisions regarding essential aspects, such as the distribution of Foundation grants to content and game creators and the prioritization of features for the platform’s future development. Anyone with SAND can make decisions in their own favour or distribute voting rights to various players.
Establishment
The dissemination of resources, most frequently in the form of monetary compensation, with the intention of encouraging the production of content and games of superior quality, is the primary objective of the establishment known as Sandbox.
In addition, the Establishment has provided financial assistance to approximately 15 different crypto-gaming projects and given more than 100 different artists the opportunity to create NFTs in advance of the public launch in December of 2020.
When the value of any and all games supported by the Establishment goes up, the value of the metaverse as a whole goes up as well. This creates a virtuous cycle that enables more mind-boggling games to be developed and maintained.
Free capture model
Token holders who stake their SAND tokens are eligible for a share of the staking pool, which receives 5% of the transaction volume (transaction costs) from all SAND token transactions. The other 50% of the transaction volume (transaction costs) is allocated to the Establishment.
The Sandbox Ecosystem Consists of the Following Three Products
Within the Sandbox ecosystem, three products simplify the content generation process.
The Sandbox Crypto VoxEdit
The building blocks of the Sandbox game are three-dimensional pixels known as voxels. This name is not unique to the Sandbox project; rather, it is connected to the development of virtual reality.
In The Sandbox, players are given access to a free program called Sandbox VoxEdit, which allows them to construct their own unique gaming experiences from various components of buildings or characters. It operates in a manner not dissimilar to that of other well-known voxel editors, such as Magica Voxel.
Characters, items, and any other in-game assets developed using VoxEdit are referred to collectively as the “Assets” of a game.
They are able to be converted into an NFT that satisfies the requirements of the ERC-1155 standard. The ability to print as many duplicates of similar Assets as the artist deems necessary is one of the benefits that artists derive from this standard.
Because of this, they will be able to create a unique NFT compliant with the ERC-721 standard while simultaneously producing multiple copies of it within the same smart contract.
Two of the tokens connected with Assets presented by the project are called GEMS and CATALYSTS. Both of these are fungible ERC-20 coins. GEMS give an asset its characteristics; the more characteristics an asset has, the more significant it is. One GEM can add 25 characteristic points to an asset’s total with just one GEM.
CATALYSTS, on the other hand, are the ones who decide the availability of assets and their levels. Common, rare, epic, and legendary are the four tiers of assets that can be acquired. There is no set limit on the number of characteristics that any of these levels can have; in fact, each level can have as many as 25, 50, 75, or 100 characteristics, respectively. After the Asset has been created, GEMS and CATALYSTS can be highlighted in VoxEdit.
Making a Sandbox Avatar
Players are able to connect with the virtual metaverse through the use of their avatars. An asset created in Voxedit is referred to by the specialized term “Sandbox avatar.”
The release of a new avatar tool in the Sandbox, which enables users to make instant changes to their character without using the VoxEdit program, is a novel and wonderful aspect of this platform. This can easily be accomplished by mixing and matching various components of the body as well as various articles of clothing.
The Sandbox Marketplace
Understanding the distinction between players who create assets and those who simply play games within The Sandbox metaverse is essential.
Before an asset maker can have their assets transferred to the marketplace operated by the venture, the “creator fund” must first recognize the asset maker.
The Sandbox marketplace allows players to make money off their creations by selling their digital assets to other players in the Sandbox.
Before releasing their products on the market, manufacturers must first upload all of their assets to the InterPlanetary File system to meet this requirement. Players are able to buy assets from verified developers who are present in the marketplace. These assets can then be used to create game experiences.
Game Maker
In contrast to a single game, which typically only has one game and one or two locations, the Sandbox features various games, locations, and experiences to choose from.
The company has not made any assertions about the world, which will make it possible for gamers and artists to construct, assume control of, and profit from the metaverse in the years to come.
You can create custom 3D gaming experiences inside the metaverse using the Game Creator program. The fact that pre-coding knowledge is not required means that even people who are not particularly talented at making games can start making their own games immediately.
What could you do in The Sandbox game?
The Sandbox is a blockchain-based game that uses a distributed (peer-to-peer) gaming model. The game is decentralized. This is the very thing that gives off the impression of being, but there is something else to it. All indications point to this being the case.
NFTs make up the majority of the game’s assets. In any case, what is it that makes this so extraordinary?
The acquisition of an NFT is a simple process, and the purchaser can become the sole owner of the specific item or location in The Sandbox.
Animoca Brands, the company that developed this metaverse, does not lay claim to any of the digital assets contained within the game.
Animoca has developed a platform that allows individuals, groups, and even organizations to purchase land and construct buildings in their virtual world.
You are only limited by your imagination when it comes to what you can create in the sandbox. When you own a Sandbox NFT, you are automatically considered a player in the game.
The Sandbox gives customers the ability to completely customize and organize their universe in any way they see fit, in addition to giving them the ability to lay claim to the digital assets in their game.
This element considers yet another version of “user-created content,” which can be utilized by The Sandbox group and others. In a similar vein, well-known brands are looking into a variety of different presentation methods for their content.
For instance, the most well-known shoe company in the world, Adidas, will work with The Sandbox to develop its own Adidas-branded version of the metaverse.
How to purchase Sandbox crypto?
There are a few different routes to take in order to acquire the token. In a game based on the blockchain, for instance, successfully completing tasks can increase your chances of winning a token. In a similar vein, users of the Game Producer can create and market their own games on the platform.
On some exchanges, the token is also available for purchase, and at the moment, it can be acquired at the following exchange venues:
Binance
Binance is the most critical exchange for digital currencies in the world. Direct enrollment and accessibility measures have been implemented.
To purchase SAND tokens, Binance accepts Bitcoin (BTC), stablecoins such as Tether (USDT), and their own cryptocurrency, the Binance Coin (BNB). To accomplish this, navigate to the “Buy Crypto” page, make the necessary purchases of digital currency, and then trade them in for SAND.
Uniswap
Go to Uniswap and click the “Launch App” button to use this exchange. After that, click the “Connect to a Wallet” button. A wonderful option in this regard is MetaMask, although you could also use any other web wallet compatible with Ethereum. Once connected, you can switch from Ether (ETH) to SAND by clicking the “Swap” button.
Simplex
When making a purchase through Simplex, you can pay for SAND with any credit card that is compatible with SAND. The dashboard of the Sandbox provides a connection to the service that is both immediate and direct. After you have clicked on “Me” and “Simplex,” you will be taken to the portal where you can make your payment.
MetaMask
Using the MetaMask wallet, you will be able to exchange ETH for another cryptocurrency that is compatible with Ethereum. The SAND token is one of these options.
What is Sandbox Land and How to Get it?
In the context of The Sandbox metaverse, LAND refers to a piece of virtual land or property. The ERC-721 specification is adhered to by each individual LAND token, making them non-fungible and one-of-a-kind.
Checking out the guide is the best first step to take if you’re thinking about buying a LAND in The Sandbox Metaverse because it will give you an idea of how the finished set will look. On this website, the official sales of the LAND are displayed in their entirety for the user’s convenience. The two kinds of LAND that are acceptable are Regular and premium LAND.
Users cannot construct their own universes or games if they do not have access to LAND. It is possible to play this game without using the token.
As was just mentioned, in order to make the purchases you intend to make, you will require the Ethereum that is currently stored in your wallet. The blockchain game uses the cryptocurrency known as SAND as the medium of exchange for LAND tokens. If you have access to a specific piece of land, you can select it using the guide on the website.
The manner in which the lands are categorized is a standout characteristic of the website. The land highlighted in grey is considered standard, while the land highlighted in yellow is considered premium.
As soon as you select the “buy button,” the land will be set aside exclusively for your use. The connected wallet will open, and a display of the SAND cost and the gas fees will appear. The LAND will turn red to indicate that it is reserved for you and that you are the owner of it.
The transaction will be completed as soon as confirmation is received from your wallet regarding the exchange. The amount of time it takes to complete is contingent on the traffic in the blockchain and the amount of gas you choose to use.
After you have successfully completed the mission, the colour of the LAND will change to red to indicate that it is now under your ownership.
If you don’t complete your purchase within the next couple of hours, the LAND you reserved will be released back into the general pool of inventory and made available to everyone else.
On the other hand, you can acquire land by making a purchase through OpenSea, which is an optional third-party marketplace where a variety of non-fungible tokens (NFTs), such as The Sandbox LANDs, can be acquired.
To begin the process of purchasing LANDs from OpenSea, you will first need to create an account on their platform. You will need to register for an account at The Sandbox in addition to using the LAND on the platform in order to use it.
On OpenSea, users can purchase LAND with either SAND or ETH; however, the decision ultimately comes down to personal preference.
In the future, the marketplace within the sandbox will allow for the purchase and sale of LAND. Players will become accustomed to using this game component in the long run.
You could try your luck at selling it on other platforms in the meantime, such as OpenSea or Rarible. These are just two examples. At the moment, the leasing function has been compromised. Despite this, individuals are purchasing digital land in The Sandbox for what reason?
The primary motivation behind this platform is the ability for game designers and creators to publish content on LANDs that other gamers will enjoy and that can be monetized. Various services will be available to the public, such as leasing and staking claims on the land.
You can participate in the management of the metaverse known as The Sandbox if you own LAND. The owners of LAND and SAND tokens are the only people who have a voice in the Sandbox. These token holders will be involved in developing and organizing the platform’s future through a decentralized autonomous organization (DAO).
Is The Sandbox a Good Investment?
The Sandbox is an excellent investment opportunity because it bridges the gap between blocks and the enormous gaming industry all over the world. Although other attempts to incorporate blockchain technology into gaming have been made in the past, it is possible that The Sandbox will be the first to be successful. This is due to its complete concentration on creating a completely decentralized gaming environment in which players have the final say in everything.
On the other hand, various projects have specifically implemented blockchain technology in order to store assets from within the game. Because users have unrestricted oversight of the ecosystem that The Sandbox provides, it is able to develop and adjust generally at a pace that is significantly faster than that of centralized game settings.
The SAND token is used not only as an in-game currency but also as a governance asset that enables people to reach fundamental agreements regarding the project’s progression. As a result, investors in multiple blockchains believe that The Sandbox is a good investment opportunity because the SAND token serves other purposes besides simply being an in-game currency.
What is the future of The Sandbox?
The Sandbox team has collaborated with a large number of brands (more than 165, and the number is still growing), some of which are well-known companies such as The Walking Dead, Smurfs, and Atari.
The Sandbox plan has raised an additional $93 million, and the project is working toward expanding the products it already possesses and the metaverse.
At this time, some additional metaverse characteristics are awarded to owners of LAND who have achieved a high level of success in the games they have played.
Conclusion
The Sandbox is a cutting-edge platform that provides a decentralized and intuitive user interface to design, regulate, and market various gaming experiences. The value of the metaverse will continue to increase due to the utilization of NFTs and the support of the Sandbox Establishment. This is because more and more high-quality content will be created. It is important to remember that The Sandbox is the future of the blockchain game industry, regardless of whether you are a gamer, a creator, or an investor.
