What Is Sandbox: Complete Guide About Growing Metaverse Coin

By June 16, 2022The Sandbox
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What Is Sandbox: Complete Guide About Growing Metaverse Coin

The gaming industry has shifted gears recently. It has started investing resources into projects that leverage blockchain technology. Due to this, we have seen a shift from a pay-to-play model to a play-to-earn model. These play-to-earn games use metaverse technology. Thereby, redefining the way users interact with their surroundings in the game.

Sandbox is one such metaverse game. Let’s understand everything about Sandbox and how it functions in our complete guide!

Let’s Know Sandbox a Little More

Sandbox is an Ethereum-based play-to-earn game. Moreover, Sandbox combines blockchain, DeFi, and NFTs in a 3D metaverse. The game has made blockchain mainstream in the gaming industry. It offers features like true ownership, digital scarcity, monetization, and interoperability across games. As such, it attracts both crypto and non-crypto game enthusiasts.

Within the metaverse game, a token called Land represents virtual lands. Players can interact with this virtual world to create and customise games. They can also customise other digital assets using free design tools. Players can also build, own, and monetise their gaming experiences. These experiences are built on LAND and converted into Non-fungible tokens (NFTs).

These NFTs can be sold on the Sandbox Marketplace in exchange for SAND tokens. Players can also use the Sandbox Game Maker to integrate these experiences with the game. The economy of Sandbox’s metaverse consists of creators and players. These players have one hundred percent ownership of the economy.

Sandbox ecosystem comprises the following integrated products:

  • Voxel Editor: An editor program that allows users to create NFT game assets. The smallest three-dimensional unit of design on the platforms is called a voxel. Voxels can be used to create things like flora, fauna, avatar, clothing, weapons etc.
  • Sandbox Marketplace: It is an NFT Marketplace. It can be used to sell or buy assets that are created on the Voxel Editor in exchange for SAND.
  • Sandbox Game Maker: It is a toolbox that allows players to create their 3D games. These games are created within the Sandbox metaverse. They are based on unique experiences and need no coding experience.

Sandbox Created by & for What?

The first iteration of Sandbox was released as a mobile game in 2012. It was a collaborative effort by Pixowl and game developer Onimatrix. The Pixowl team was led by Sébastian Borget and Arthur Madrid. The mobile game gathered more than 40 million downloads.

In 2018, a game developer Animoca acquired Pixowl. Animoca aimed to build a 3D world using blockchain technology. They aimed to allow users to build, own and monetize their experiences. Animoca wanted to use user-generated content and token economics to incentivise users.

How Does Sandbox Work?

Now, let’s understand how Sandbox works! The following five types of tokens power the Sandbox gaming environment:

  • SAND: This is the in-game currency used in the Sandbox ecosystem.
  • LANDS: It represents the real estate where players play and build experiences.
  • ASSETS: These are NFT voxel models that are created by players. These assets can later be traded in Sandbox Marketplace.
  • GEMS: Gems are ERC-20 tokens that are used to make in-game purchases. They are also burnt to give attributes to assets.
  • CATALYSTS: These are ERC 20 tokens and are burnt to mint assets.

SAND, GEM, and CATALYST are all ERC 20 tokens. Whereas, LAND and ASSETS are ERC-1155 and ERC-721 tokens, respectively.

As we know, the Sandbox platform runs on Ethereum where it records the ownership of tokens. Moreover, it also allows owners to transfer, sell, or use them without restrictions. The information about assets is stored on the Interplanetary File System (IPFS). IPFS ensures that the data can not be tampered with.

As such, It does not allow access without the permission of the respective owners. Furthermore, Sandbox uses a traditional backend supported by Amazon Web Services (AWS). It is used to support its web frontend. Artists store their art assets in an S3 bucket before minting them. Users can see into these buckets.

However, Sandbox guarantees the privacy of an artist’s work. It aims to stop allowing anyone to see the art before its minted. Once an asset is minted, it is stored on IPFS so that it can be publicly traded. As such the Sandbox architecture consists of the following:

  • Creators that create assets using Voxel Editors. Then, they upload these assets through a browser.
  • A Metamask that works as an intermediary between the users and the Ethereum blockchain.
  • A browser that allows users to interact with smart contracts and a Sandbox server.
  • Sandbox server that is hosted on AWS that supports the backend.
  • Finally, the asset is released on the IPFS network once the transaction is confirmed.

Creating Sandbox Avatar

Sandbox also allows players to create and customise their avatars to interact with the metaverse. Players can select from a wide range of outfits, equipment, weapons, hairstyles, and colours for their avatars. This can be done using the Voxel Editor. However, Sandbox has introduced a new avatar tool that allows customization without the editor.

What is Sandbox Marketplace?

Sandbox Marketplace is a market that allows creators and players to sell and buy digital assets in the form of NFTs. Only a few asset creators are accepted by the Creator Fund. Only these creators are allowed to create assets on Voxel Editor. However, before selling their assets creators need to upload them to the InterPlanetary File System (IPFS). Finally, the accepted asset creators can sell their assets in exchange for SAND.

Sandbox LAND

Sandbox LAND is a digital piece of real estate in Sandbox’s metaverse. Without LAND, players can not publish their game experiences on Sandbox Game Maker. Each LAND has a unique NFT that follows ERC-721 standards. Players can merge these LANDS to form ESTATES.

Players can buy LAND from the official public LAND sales that are held on the Sandbox webpage. In total, 166,464 LANDs are available for sale and these will be sold off in multiple public sales. The announcements for buying these sales can be found on Sandbox’s Discord, Telegram, and Twitter channels.

How Can We Earn Sandbox Crypto Coin

The SAND token is the native token of the Sandbox ecosystem. It is the primary ERC-20 token that is used in the Sandbox metaverse. It enables players to create, play, own, govern, trade and earn. Furthermore, The SAND token can be used as a medium of exchange. Players can collect SAND and spend it to play games, purchase equipment, or customise their avatar.

Moreover, creators can spend SAND to acquire ASSETS and LAND. SAND tokens can also be used to upload ASSETS to the Marketplace and buy GEMs. It is also used for governance purposes. Users on the platform can earn Sandbox crypto coins by staking. The rewards for staking SAND can also be GEMs or CATALYSTs.

How To Buy Sand Coin On Zebpay

Now you can buy the SAND token on ZebPay by following these three simple steps:

  • Create an account on ZebPay by registering your phone number and submitting your KYC documents.
  • Make a deposit and add crypto to your ZebPay wallet or link your bank account to buy SAND for the first time.
  • Start Trading! You can even buy SAND in fractions, for as little as ₹100!

Future of Sandbox Metaverse Coin and Price Prediction

Fundamentally speaking, there are a few indicators to show why Sandbox may do well in the future. First, Sandbox had raised a total of $3.41M from strategic investors such as Hashed, Square Enix, and True Global Ventures. Second, Sandbox has secured over 60 partnerships to develop the ecosystem. These partnerships include brands like Smurfs and Shaun the Sheep. Even dApp game studios like Dapper Labs (CryptoKitties) are their partners. They have investors such as Square Enix and ATARI.

At the time of writing the SAND coin was trading at $1.278. However, we have a few price predictions on SAND based on an analysis of its trading activities. The Wallet Investor predicted that SAND crypto would trade around $3.790 in 2023 and may reach $13.33 in five years. Digital coin forecasts the price will average $1.66 in 2022, $2.88 in 2027, and may reach $5.20 in 2029.

Gov Capital forecasts that the SAND coin would trade at $10.82 in a year and jump to $96.095 in five years. The Price Prediction estimates that SAND will be around $4.17 in 2025, up from $1.41 in 2022, and will rise to $13.03 by 2028 and $25.95 by 2030.

Conclusion

Sandbox is a metaverse game that allows players to create assets and gaming experiences to monetise them by selling them on its marketplace. The gaming experiences are hosted on LANDS that can be bought on a LAND public sale. The players can also create and customise their avatars within the game.

The SAND token is the native token of the platform. The token can be used as a medium of exchange for buying games, LANDs, GEMs etc. In addition to that, it can also be used for staking and earning rewards on the platform.

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