Cryptocurrency

Waht is Sandbox (Sand)?

Sandbox (SAND) is a smart ? contract running on the Ethereum network. It’s a decentralized virtual game, SandBox is also very similar to MANA. The SandBox blockchain-based gaming platform consists of three components that when combined, bring the complete experience for user-generated content. These three products will also further help the users by allowing them to secure copyright ownership for their user-generated content (ASSETS).

What is the SandBox game?

Sand is a game in which players can purchase pieces of land called “Land” (which is also a token) and create upon that by adding a custom user experience on top of it. By doing that you can share it with other players as well, and in doing so you might find a couple of buyers who are willing to pay for your Land at a price higher than you bought it, it all depends on what you’re going to get from playing this game. You may want to keep it to yourself.

Sandbox

The game is a model of a blockchain-based metaverse which has 3 tokens that help keep the ecosystem running. Other than Land which is an NFT type token, two other coins are being used for governance. It means the tokens help govern the operations in-game, one is called Sand and the other is called Assets. Now let’s find out what exactly are these tokens and how they operate and why they are necessary for the SandBox ecosystem.

Sand, Land, Assets

Sand: sand is used to facilitate in-game transactions. That includes purchasing Land, interaction with user-generated experience or just stacking them for the sake of participation in the governance of the DAO (decentralized autonomous organization).

Sand is an essential part of the sandbox ecosystem. Sand is an ERC-20 utility token built on Ethereum’s blockchain that will be used as a basis for in-game transactions in the sandbox metaverse.

Players use sand to change the look of their avatars or buy equipment or maybe play games. Creators use sand tokens to upload their newly made content, buy land, Assets, or even stake them. By staking sand you will create revenue for Land by earning sands by staking it. On top of that, you can also earn gems and catalysts which are required for creating new content. Some creators spend sand to buy gems that will help them define the rarity of their assets which will be defined for the price of those assets when it’s being traded on the marketplace.

Land: the land is a digital piece of real estate in the SandBox metaverse in which users can buy lands and add games and user-generated content and interactive user-generated experience on top of it.

Each land is a 96 x 96 meters piece of real estate in the game world. It’s not too large that you couldn’t take care of it yourself, and it’s not too small that you couldn’t add your ASSETS, games, and user-generated experiences. It’s just the size which means you can manage it on your own and you can still enable all the blockchain game experience. And even if it’s too small, you could still team up and work on an Estate.

Estate is the combination of multiple lands. Using Estates users can team up and work to build and create user-generated experiences on top of a bigger piece of property.

A total of 166,464 Lands will exist on SandBox. Each land has a place on the SandBox metaverse game map.

ASSETS: Assets are tokens made by users who create user-generated content. Assets can also be traded at the marketplace and their whole existence is to be an element for user-generated content and to hold their copyright reserved for the user who owns the asset at the moment. Sites like https://coinboosts.io/ can assist with the marketing of your nft project, using a range of marketing tools to help your collection go viral. 

Sandbox NFT marketplace (as every Asset is an NFT token and is unique from other Assets) allows users to upload, publish and sell their creations. To do so the user has to upload it to the IPFS network to provide the decentralized storage needed for it. Then provide it on the blockchain to provide ownership for the user. After the ownership was provided to the user, that creation becomes that user’s Assets that can be added to your land as your user-generated content or you can trade and sell it on the marketplace. There you can set an initial price for it and let other players buy it.

How catalysts and gems work

According to sandbox “Catalysts are ERC-20 tokens that define your ASSET’s tier and scarcity displayed in the Marketplace. Catalysts add empty sockets to your NFTs that can be filled with Gems; the higher quality the Catalyst, the more sockets available for your ASSET. In other words, the higher the tier, the lower the scarcity, and the more powerful and valuable the ASSET!”

For example, let’s say you have a piece of assets that you want to add to its rarity to epic. You use a catalyst to make empty sockets for those assets, and after you fill the empty sockets with gems, the rarity of those assets will be epic. By doing so the price of the assets rise and can be sold at a much higher price at the marketplace.

In conclusion

Sandbox is a blockchain-based game metaverse which has multiple mechanisms that make sure that the ecosystem is running perfectly.  There are multiple ways you can generate revenue on SandBox. You can purchase land and start adding games, Assets, and self-made user experiences and sell that land at a higher price. You can create Assets and after uploading them you can sell them at the sandbox marketplace. You can stake sands to earn sands for you etc.

If you are looking for a crypto game to play We can recommend sand as it’s a well-thought project with great potential.

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