The Sandbox

SAND

Current price

$0.0542

−5.13%24h

LiveUpdated 22s ago

TodayThe Sandbox drops 5.1%, trailing the market.

Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices

View as table

Time	Price

Change by period

1 hour−0.07%
24 hours−5.13%
7 days−25.33%
30 days+56.59%
1 year−74.63%

The Sandbox's move in context

Lagging the market today
−5.13% today against −3.27% for the market as a whole, a gap of 1.9 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−25.3% over 7 days and +56.6% over 30 days: the last week went against the monthly direction.

This is analysis of past prices, not a prediction or financial advice.

About The Sandbox

Overview

The Sandbox is a blockchain-based virtual world and cryptocurrency that allows users to create, build, buy, and sell digital assets in the form of a game. Leveraging the power of decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs), The Sandbox aims to create a decentralized platform for a thriving gaming community. Its core mission is to empower players and creators alike by providing them with tools to truly own their creations, earn, and monetize their experiences. A distinguishing feature of The Sandbox is its use of the ERC-20 standard to create the SAND utility token, which serves as the primary means of transaction and interaction within the platform's ecosystem.

Technical Features

The Sandbox operates on the Ethereum blockchain, utilizing its proven security and smart contract architecture to ensure the integrity of digital ownership and in-game transactions. The SAND token is an ERC-20 token, while the LAND and ASSET tokens within the platform are ERC-721 and ERC-1155 tokens, respectively, used for NFTs. The platform's security model includes aspects ensuring players own and control their assets securely through smart contracts. The model promotes a fair user experience facilitated through blockchain technology. The Sandbox also integrates with the InterPlanetary File System (IPFS) for decentralized file storage, ensuring scalability and security for user-generated content.

Use Cases

The Sandbox provides multiple use cases, primarily as a platform for gaming and the creation of unique virtual experiences. It allows for the creation and monetization of games using the SAND token, enabling a more inclusive digital economy. Additionally, The Sandbox serves as an NFT marketplace where users can trade LAND and ASSETs, effectively acting as digital real estate and collectibles. Beyond gaming, the platform has potential applications in education and virtual events, offering immersive environments and interactive experiences. It is also a foundation for decentralized finance (DeFi) experiences, where users can explore diverse financial opportunities in a gamified context.

Development Background

The Sandbox was initially launched as a mobile game by Pixowl in 2012, before transitioning to the blockchain in 2018 to embrace user-generated content in a decentralized environment. Arthur Madrid and Sébastien Borget co-founded and contributed significantly to its development as it evolved into a decentralized gaming platform. In 2019, it raised $2.01 million in a token sale, showcasing early support from the cryptocurrency community. The pivot to blockchain and the introduction of LAND sales marked significant milestones in The Sandbox's historical timeline, signaling its commitment to realizing a full-fledged user-owned virtual metaverse.

Community and Ecosystem

The Sandbox boasts a vibrant community that includes developers, creators, and gamers who actively participate in its ecosystem. Partnerships with major brands and game developers expand its utility and exposure. Ubisoft, Atari, and Binance are notable partners, contributing to the platform’s credibility and innovative potential. The Sandbox provides tools like VoxEdit for creating voxel models, and Game Maker for game development without coding experience, supporting a diverse range of community-driven projects and content.

Future Potential

As blockchain technology and metaverse concepts gain traction, The Sandbox holds considerable future potential. Its user-driven economic model could transform traditional gaming into a more immersive and monetizable experience, leading to a broader reach and increased user adoption. The platform's roadmap includes enhancing VR capabilities, improving scalability solutions, and adding more NFT utilities. These developments could further cement its place within the burgeoning metaverse space. With ongoing partnerships and community growth, The Sandbox is well-positioned to play a pivotal role in shaping the future of gaming and virtual experiences.

The Sandbox market

: #138; Position by market cap among the coins we track.
: $162.5M; Price × coins in circulation. It measures a coin's size, not its quality.
: Low $0.0530High $0.0577; The lowest and highest price in the last 24 hours. The dot marks the current price.
: $8.40; Now 1% of itReached 25 Nov 2021 · Needs +15,404% to get back; The highest price this coin has ever reached. The bar shows today's price as a share of it.
: 3B SAND; 100% of max; Coins that exist now and can be traded.
: 3B SAND; The most coins that can ever exist. Some coins have no limit.

The Sandbox converter