What is Sandbox (SAND)?
The Sandbox is a blockchain-based virtual world allowing users to create, build buy and sell digital assets in the form of a game. Built on top of Ethereum, Sandbox was released in 2011 by Pixowl. The game combines the power of a DAO (decentralized-autonomous-organisation) and NFTs (non-fungible tokens) in an attempt to bring blockchain technology succesfully to gaming. The Sandbox utilises a creative "play-to-earn" (P2E) model which allows users to be creators and gamers simultaneously. The SAND token facilitates transactions on the Sandbox platform. Players can earn SAND in-game through creating and selling in-game items.
With a focus on user-generated content, the Sandbox creates a metaverse of contributors who further the games development. The SAND token also allows for decentralized governance with token holders enjoying voting rights that allow them to share their views, ideas and vote on future developments of the project.
Players can purchase virtual land in the Sandbox which they build and develop anything they desire upon. The most expensive plot of land sold in the game topped an equivelant value of $4.3 million!
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