SAND cryptocurrency or Sandbox Coin is the native token of The Sandbox, a game that pushes out SAND tokens to players as a reward. The game utilizes DeFi, NFTs, and blockchain technology to give players the ability to design their own games on the platform. These are also highly customizable, allowing players to make their own games. People can explore different universes within the game while also using resources like water, soil, lightning, lava, sand, and others to interact with others.
The Sandbox is a virtual world where users can build their own gaming experiences on the Ethereum blockchain. The platform is best known for integrating two blockbuster mobile hits – The Sandbox (2011) and The Sandbox Evolution (2016). The Sandbox aims to shift users from games like Minecraft to ones where the creators have complete ownership of their creations as NFTs. The platform rewards these users for their participation in the ecosystem with SAND tokens. Technicals aside, The Sandbox is a cross between a content sharing platform, a game, and a game creation engine.
Here are some features of The Sandbox:
The Sandbox is one of the first platforms that introduces blockchain technology to the world of gaming. The gaming industry is a vast untapped market in terms of penetration by blockchain. The Sandbox is working on creating a universe that incorporates blockchain-based assets which focus on user-generated content. The involved players contribute to the platform’s development through decentralized governance, sharing views and ideas about the project’s development. Decentralized governance is also becoming a norm in blockchain-based projects, a trend swiftly catching on in the gaming community.
Expert analysts predict that the coin, trading at approximately $4.7 levels mid-December 2021, could reach $5.3 levels by the time 2022 rolls around. Due to its involvement in metaverse and blockchain-gaming projects, experts predict that it could grow exponentially in the long term.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
SAND is the native token of the gaming ecosystem - The Sandbox. It can be used to buy in-game items in the form of NFTs that can later be traded on popular marketplaces.
150 Cr. SAND
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