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The Sandbox

SAND

Price
$0.58
11/27/2022, 5:50:42 PM
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Market

Market stats

Market cap

$865.7M

Volume (24h)

$87.3M

Circulating supply

1.5B SAND

Typical hold time

22 days

Trading activity

Not enough data

Popularity

#37

All time high

$8.44

Price change (1h)

-0.62%

Price change (24h)

+1.91%

Price change (7d)

+0.85%

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The Sandbox is on the rise this week.

The price of The Sandbox has risen by 0.85% in the past 7 days. The price increased by 1.91% in the last 24 hours. In just the past hour, the price shrunk by 0.62%. The current price is $0.57705 per SAND. The Sandbox is 93.16% below the all time high of $8.44.

The current circulating supply is 1,499,470,108.223 SAND.

About

SAND is an Ethereum token that powers The Sandbox, a multiplayer metaverse where players can create, monetize, and participate in blockchain-based gaming experiences. In The Sandbox, game designers can create custom 3D NFTs that can be used across the ecosystem. SAND can be used to buy and sell NFTs and other in-game items, and can also be used to vote on the future of the platform.

What Is The Sandbox (SAND)?

The Sandbox is the decentralized community-driven metaverse gaming ecosystem where players can mainly create, own, and tokenize their gaming experiences using the native token of the platform. The project's primary aim is to bring blockchain technology to the mainstream gaming industry by attracting crypto and non-crypto gaming enthusiasts and offering various advantages.  

As per the whitepaper, the three integrated products that the platform provides, Voxel Editor, Game Maker, and Marketplace, enhance creators' experience and help them with user-generated content production. Further, the newly generated content can be in the form of games, art galleries, or dioramas. Players can share them with others too. In addition, creators can monetize these creations to earn a passive income from The Sandbox by uploading them to The Sandbox’s NFT marketplace.  

Creators are offered copyright ownership of their content through blockchain and smart contracts in the form of NFTs. Therefore, their content is secure. Moreover, The Sandbox rewards creators' participation with the native utility token. To create an account on The Sandbox, a user needs to connect a Metamask, Bitski, or Venly wallet.  

The Sandbox uses various token types for users who interact with the platform, like players, creators, curators, and landowners. The Sandbox also has a digital real-estate platform in the metaverse. Creators and game designers must build their creations on LAND and populate them with ASSETs.  

Each LAND is an ERC-721 non-fungible token on the Ethereum blockchain. On the other hand, ASSET is a token created by players to assign user-generated content. ASSETs utilize the ERC-1155 standard and can be uploaded on the marketplace for trading.  

SAND is an ERC20 as well as a governance native token of The Sandbox platform, built on the Ethereum blockchain. SAND has many use cases on the Sandbox platform.  

  • SAND is used to access the platform, play games, buy and sell NFTs from the marketplace, and customize avatars. 

  • Users need to hold SAND to participate in the platform's governance. 

  • SAND is required for creators to upload their voxel creations to The Sandbox's marketplace for monetization.

  • Some of the games on the platform are free to play, but not all of them. Players need to give a small number of SAND tokens to access those games.

  • Using play-to-earn gaming models, players can earn SAND tokens.

  • In order for users to hire game designers and artists on the platform, SAND tokens are needed.

  • SAND allows for staking on the platform; in turn, stakers can earn rewards for holding their tokens. 

The company has no plans to burn any SAND tokens in the future. The tokens that the users consume are put back into the ecosystem via The Sandbox Foundation to support the content generation process by staking and rewarding creators. Coin burning is when a fraction of tokens are sent to a wallet with no private key. These tokens are lost forever. Tokens are usually burned to reduce availability and increase market value. 

The smart contracts of The Sandbox are publicly available on Github and have been audited by Certik Audits. 

History of The Sandbox (SAND) 

The Sandbox company was founded in 2011. The Sandbox is the newer version of the Sandbox Franchise. The company has more than a decade of experience in the gaming industry. Many mobile games were developed and released for iOS and Android smartphones during this period. Moreover, the earlier gaming applications of The Sandbox had a user base of more than 40 million players. The company also launched The Sandbox 1 and The Sandbox Evolution mobile games before launching The Sandbox. These were the two predecessors of this new blockchain-based version of the game.  

Arthur Madrid is the CEO and director of The Sandbox. He is a long-time social gaming entrepreneur. He is also the cofounder of Pixowl and a board member of Animoca Brands. 

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Reading List

News

Messari • Jul 12, 22

State of The Sandbox Q2 2022

"Building Season" really began in Q2 2022, as The Sandbox Team put their heads down to deliver on milestones they set for their community. In addition to deploying LAND and SAND contracts to Polygon's Layer 2 scaling solution, The Sandbox announced preparations had commenced for Alpha Season 3 after sharing the results of its successful Alpha Season 2 that had just concluded in the prior quarter. Though the ambitious metaverse platform wasn't insulated from the broader market turbulence, the performance metrics we look at indicate a bright future is in store for The Sandbox.

Read more

News Article Image

Decrypt • Jun 10, 22

Mastercard Adds The Sandbox, Nifty Gateway, Mintable to 'Simple' NFT Purchase Scheme

Payments giant Mastercard is working with a host of NFT marketplaces to make it easier for people to buy digital art.

Read more

News Article Image

Coinfeeds • May 24, 22

How Do You Value Metaverse Projects? We Tried. Here’s What We Found

On a per-user basis, the valuations for Decentraland, Axie Infinity and The Sandbox look quite high. But just picking the right metric is tough in this loosely defined niche.

Read more

News Article Image

Decrypt • May 24, 22

Metaverse, NFT Tokens Take Hit as Crypto Market Battles Bears

Cryptocurrencies linked to blockchain gaming projects including SAND, AXS, MANA, and GALA have shed at least 8% today.

Read more

News Article Image

The Block • May 03, 22

Dubai’s crypto regulator to launch metaverse headquarters in The Sandbox

VARA, which launched in March, is wasting little time in its mission to turn Dubai into a hub for digital assets.

Read more

News Article Image

Forbes • Apr 28, 22

Asian Billionaires’ Hotel Groups Build Virtual Lands In Decentraland And The Sandbox’s Metaverse

Singaporean billionaire Kwek Leng Beng’s Millennium Hotels and Resorts and the billionaire Lo family’s Regal Hotels Group in Hong Kong are taking their first steps into the metaverse after purchasing virtual properties in blockchain gaming platforms Decentraland and the Sandbox.

Read more

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FAQ

What is the current price of The Sandbox?

The price of 1 The Sandbox currently costs $0.58.

What is the market cap of The Sandbox?

The current market cap of The Sandbox is $865.74M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of The Sandbox?

The all-time high of The Sandbox is $8.44. This all-time high is highest price paid for The Sandbox since it was launched.

What is the 24 hour trading volume of The Sandbox?

Over the last 24 hours, the trading volume of The Sandbox is $87.30M.

What other assets are similar to The Sandbox?

Assets that have a similar market cap to The Sandbox include Tezos, Bitcoin BEP2, Chain, and many others. To see a full list, see our comparable market cap assets.

How many The Sandbox are there?

The current circulating supply of The Sandbox is 1.5 billion.

What is the typical holding time of The Sandbox?

The median time that Coinbase customers hold The Sandbox before selling it or sending it to another account or address is 22 days.

What is the relative popularity of The Sandbox?

The Sandbox ranks 29 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of The Sandbox?

Currently, 95% of Coinbase users are buying The Sandbox. In other words, 95% of Coinbase customers have increased their net position in The Sandbox over the past 24 hours through trading.