In August of 2021, SAND reached its all-time high of $1.19 but has since lost roughly one-third of its value. SAND's market capitalization is roughly $600 million, making it the 127th-largest crypto asset, as ranked by CoinGecko.
![the sandbox crypto where to buy the sandbox crypto where to buy](https://www.cryptovibes.com/wp-content/uploads/2020/09/Crypto-Exchange2-750x375.jpg)
In addition to utility and governance, SAND’s functions also include: creation and exchange of content liquidity mining – token holders can stake them in the Sandbox pool commission and access to games.Īccording to its official whitepaper, the Sandbox platform’s primary mission is to introduce blockchain technology in mainstream gaming and facilitate the creative play-to-earn model.Īs of early October 2021, SAND was roughly $0.75, or more than 2,500% higher than where it sat in November of 2020. Six years later, game developer Animoca acquired Pixowl and announced its intentions to create a 3D world leveraging blockchain technology. The result of a collaboration between Pixowl and onimatrix, The Sandbox 1.0 was first released in 2012. They are used to digitally animate the realm. Users can create voxels, the smallest unit of three-dimensional design. Users further engage with its ecosystem using Ethereum wallets that hold their SAND tokens.ĭevelopers innovate within the Sandbox’s platform.
#The sandbox crypto where to buy software#
The Sandbox software leverages the Ethereum blockchain to track ownership of the digital LAND and NFT assets. It can also be staked to participate in the governance of the decentralized autonomous organization (DAO). SAND tokens facilitate LAND purchases, as well as all of the interactions with user-generated content. Holders call the shots and dictate direction.
![the sandbox crypto where to buy the sandbox crypto where to buy](https://miro.medium.com/max/2800/1*cF7b0nNuq8fW3LOpM8zh-A.png)
SAND facilitates all interactions and transactions in this decentralized virtual gaming world.
![the sandbox crypto where to buy the sandbox crypto where to buy](https://www.cryptostache.com/wp-content/uploads/2020/11/sandbox-game-last-chance-presale-110920-800x450.jpg)
Within them, participants (creators and invited guests) can monetize assets and have gaming experiences – on the blockchain. An ERC-20 (built on the Ethereum blockchain), SAND is the utility token used throughout The Sandbox, a community-driven platform where creators can create their own virtual worlds.