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SAND is the native cryptocurrency of The Sandbox, an Ethereum-based metaverse and gaming ecosystem where users can explore, purchase land and create, share, and monetize assets and games. All items acquired in The Sandbox are 100% owned by the players themselves, creating revenue opportunities for gamers.

SAND is one of the most popular metaverse gaming tokens to date with a hard cap of 3 billion tokens. It is a utility token that can be used to play games, purchase equipment or customize avatars. Users can earn the token while playing the game. SAND is also a governance token, meaning that users who hold the token can vote on decisions affecting the future of the game.

How Does Sandbox Work?

The Sandbox is a game that uses blockchain technology to empower players and give them complete control over the game and any assets they accrue. That’s different from traditional online games, where users lack voting powers, don’t truly own in-game items and can’t generate revenue from the structures or experiences they create.

LAND and other assets in The Sandbox are non-fungible tokens (NFTs), a popular way to turn digital assets into collectibles. With the help of the unique cryptographic features of blockchains, NFT digital collectibles (from modern art pieces to collectible digital creatures) can be proven to be unique – and it’s easy to verify that they are so.

Some predict that NFTs will become a bigger part of gaming, because gamers already spend billions of dollars on digital assets, from skins for their avatars or “power-ups.” Some visionaries predict that gamers will one day be able to transfer their assets from game to game and see NFTs as a key piece to such an interconnected gaming ecosystem.

Key Events And Management

The Sandbox game was created in 2012 without any blockchain technology involved. The goal was to encourage players to create their own unique digital worlds. Although that aspect of the game has lived on, Hong Kong investor and video game software company Animoca Brands purchased The Sandbox in 2018, pivoting the game toward blockchain and NFTs.

The Sandbox has partnered with a number of well-known celebrities and brands, such as rapper Snoop Dogg, electronic musician Deadmau65, and zombie post-apocalypse TV show “The Walking Dead.” Multinational consulting firm PwC Hong Kong also purchased LAND in the game in 2021.

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