Sandbox Metaverse: What Is Sandbox Metaverse And Why Is SAND Token Price Increasing?

It's no secret that Metaverse is the next big thing. Metaverse is rapidly changing the way we play games. It seems that the world of video games is evolving into something far more interesting. And one of the most popular Metaverse games is The Sandbox Metaverse. The concept is to allow people to create their games and monetize them. So, what is Sandbox Metaverse all about? Let’s take a closer look!

What is Sandbox Metaverse?

The traditional approach to games is based on a set of rules that are pre-determined by the game developer. The player is restricted to the rules and regulations of the game. However, with the Sandbox Metaverse, everything is up for grabs. Players can build their own games and customize their world as they see fit.

In the Sandbox Metaverse, players can play, build, own, and monetize their gaming experience. The Sandbox Metaverse is made up of 166,464 pieces of LANDs. Players can own the LANDs to create and monetize games. You can even rent your LAND to other game creators who want to publish their games. Here is a simple guide on how to buy land in The Sandbox.

The Sandbox gaming platform consists of three integrated products that together provide a comprehensive experience for user-generated content (UGC) production. They are:

  1. VOXEL Editor: It is a software that allows you to create, rig, and animate your own 3D objects such as humans, animals, vehicles, etc. Once built, objects can be exported to the Sandbox marketplace to become NFT game ASSETS.
  1. Sandbox Marketplace: It allows users to upload, publish, and sell their NFT creations made with VoxEdit. These ASSETS can be sold by making an initial sale offer on the marketplace where potential buyers can then purchase them.
  2. Game Maker: It allows anyone to build and share amazing 3D games for free. No coding is required. Once finished, creators can publish their game in a LAND and monetize it.

The Sandbox Metaverse is an amazing concept that allows players to be creative and have fun while generating revenue. Undeniably, The Sandbox Metaverse is going to be one of the most exciting blockchain projects to watch out for.

Read More: The Sandbox Vs Decentraland: Which Metaverse Is the Best?

Why is SAND Token Price Increasing?

The SAND token is the native currency of the Sandbox Metaverse. The ERC-20 token is designed to serve as a means of payment for services within the SANDBOX platform. It is a utility token that is used to play GAMES, purchase LAND and game ASSET on the Sandbox Marketplace.

In addition, players can spend SAND in order to buy equipment, or customize their Avatar character. SAND holders can exercise voting rights on key elements such as Foundation grant attributions to content and game creators and feature prioritization on the platform roadmap. Furthermore, SAND allows for staking, which provides passive revenues on LANDS: you receive more SAND by staking it.

SAND token price has been on a good run. In fact, the token rallied 260% in November, according to CoinMarketCap. Furthermore, SAND token has surged more than 600% since Facebook announced changing its name to Meta on Oct. 29.

On November 23, the token started off a bullish run at the price of $4.583 and surged 54% to reach $8.4022 in 3 days. The sudden price increase was caused by an announcement from Adidas on Twitter to confirm a partnership with The Sandbox Metaverse.

The Sandbox price today is $3.97 USD with a 24-hour trading volume of $636,196,350 USD. The Sandbox is down 0.58% in the last 24 hours.

Check back here often for more updates on the Sandbox Metaverse and the SAND token!

This Article's Topics

Explore new topics and discover content that's right for you!