Editor: Surabhi Kumar
Sandbox is a software running on ethereum that works on operating a decentralized virtual gaming world. At its core, it is a game in which players can buy digital plots of land called LAND and create experiences on top of them to share with other users. The sandbox is one example of a decentralised blockchain-based metaverse.In addition to the NFT-type LAND tokens.
The game has 2 other native tokens that govern the operations in its metaverse:
SAND TOKENS– They are used to facilitate various transactions that are part of its gameplay, including purchase, interacting with user generated content and staking it to participate in the governance of the decentralized autonomous organization.
ASSET TOKENS- NFTs representing in-game items such as equipment for avatars and reactions that are used to populate LAND. Asset tokens can be traded in the sandbox’s marketplace.
Who created the SANDBOX
The 1st version of the game was released as a mobile game in early 2012 as a collaboration between Pixowl and game developer onimatrix.
In 2018, the game developer Animmoca acquired Pixowl and the company announced its intentions to create a 3D style world by leveraging blockchain technology to take advantage of user generated content and token economics.
The team held an initial coin offering in August 2020, raising the equivalent of $3 million to fund its future operations.
A little backstory
The game Sandbox is best known for its 2 mobile hits, The Sandbox (2011) and The Sandbox Evolution (2016), which combined generated 40 million downloads across both platforms, IOS and Android. In 2018, developer/publisher Pixowl decided to bring this successful User Generated Content gaming IP and a large community of creators from mobile to blockchain to a whole new ecosystem for gaming. The ultimate goal was to disrupt existing game makers like Minecraft and Roblox by providing the community and creator with true ownership of their creations as NFTs and reward them for their participation in the whole ecosystem.
How does The Sandbox work?
The software leverages the Ethereum blockchain to track ownership of the digital LAND and NFT ASSETS on its application.The user further engages with its ecosystem using Ethereum wallets that hold all their SAND tokens.Developers are also free to innovate within the Sandbox’s platform by designing the animation and interactions experience on their virtual real estate using several tools:
Voxe Editor– Users can create voxels, the smallest unit of three dimensional design, to design and bring to life creations like flora, fauna and avatar oriented equipment.
Game Maker– There are tools that allow users to build 3D games on their LAN, using ASSETS they created or bought on the marketplace.Users can then upload their creations to The Sandbox Marketplace, where they are first registered as tokens on the Ethereum blockchain. Then, utilising SAND, these ASSETS can be purchased and traded.Why does SAND have value?
SAND is the utility token of the game’s versatile ecosystem and can be used for: –
Creating ASSET tokens.
Buying and selling ASSETS on the marketplace Participating in transactions involving LANDTo interact with user-generated experiences.SAND is also the governance token of the Sandbox DAO, which means that ownership of SAND tokens grants users voting rights to improve the platform according to their own wishes.Further, the supply of SAND is limited, that means that according to the software’s rules, there will only be 3 billion SAND tokens.
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Writer : Shubham Singh