Let’s talk about sandbox. Increasingly, the gaming industry is investing in blockchain-powered initiatives, particularly in developing metaverses that are designed to enhance the entire gaming experience.
Metaverses and gaming in them have grown in popularity since Facebook's October 2021 rebranding as "Meta," changing the way people connect electronically and impacting how we define ownership of in-game digital assets.
An exciting gaming blockchain-enabled project called The Sandbox has risen to the foreground among all the hoopla. This game allows users to participate in creating the virtual world and its virtual goods, both of which are based on NFTs.
The Sandbox: Getting Started
For gamers who want to construct their own games and digital assets using free design tools like VoxEdit or Game Maker, The Sandbox is a play-to-earn game that makes use of blockchain technology, DeFi, and NFTs.
The game’s ecosystem allows players to build and customize their own avatars to access numerous landscapes, games, and centers on the metaverse. Digital items can be developed and then sold on the Sandbox Marketplace for SAND tokens through the use of NFTs.
A basic understanding of SAND
All interactions and transactions in The Sandbox use the native token SAND, which can be acquired by playing games and participating in contests or purchased on cryptocurrency exchanges.
It is an ERC-20 utility token that is developed on the Ethereum blockchain and can be used by players to play the game, acquire virtual lands and assets on the Sandbox Marketplace, and customize their avatars.
A DAO (Decentralized Autonomous Organization) structure allows SAND token holders to propose and vote on significant improvements to The Sandbox platform. Holders can also stake SAND in the game to win benefits, including a part of the money generated by all SAND transactions. SAND transactions.
The total amount of SAND tokens is 3 billion, of which around 910 million are currently in use. At roughly $7.5 per token, it is currently one of the world's most valuable cryptocurrencies, with a market capitalization of moreover $6 billion.
What's the deal with The Sandbox?
In the Sandbox, visitors can create their own virtual worlds and interact with them. Players can use VoxEdit and Game Maker to develop and create their own NFTs, including virtual items and games. These NFTs can be traded on the Sandbox Marketplace for real money and used to communicate with other players.
Sandbox Marketplace
SAND, Sandbox's native cryptocurrency, will be accepted as payment on The Marketplace when it opens in April 2021. After acquiring ASSETS, you may use Game Maker to combine them with LAND to create new games. These NFTs can take the form of entities, structures, wearables, and much more.
The Sandbox's ecosystem uses tokens like SAND, LAND, and ASSETS for player interaction with the platform.
What is LAND?
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LAND
The platform's version of real estate is called LAND. The ERC-721 token is a one-of-a-kind creation on the Ethereum network. It is possible to buy LANDs and use them to create their own games utilizing the Game Maker tool. An ESTATE can be created by combining several LANDS.
LAND provides gamers with the opportunity to make money from their gaming experience. They can, for example, charge other players who come to their LAND or play their games, receive SAND rewards by hosting content and events or sell or rent their customized LAND.
The Sandbox has a total of 166,464 LANDs. SAND and ETH can be used to purchase them through public LAND sales. In the Sandbox gitbook, you may find a list of confirmed public sales and dates. The Marketplace and NFT sites like OpenSea allow you to acquire LAND from other users, but they are likely to be more expensive than the official public sales.
What are ASSETs?
ASSETS are NFTs that individuals have created. NFTs are voxel objects developed with VoxEdit, which are subsequently sold on The Sandbox Marketplace.
In the game, assets can be used in a variety of ways. The environmental assets can be anything from a building to a moving animal. Avatars can wear or carry these items as accessories. ASSETS can be used to create unique gaming experiences for Game Maker users.
Short term technical analysis
Technical analysis
In 2021, the SAND token was priced at less than $0.04 per token and recently reached an all-time high of $8.51, representing a price rise of over 24,000 percent, resulting in considerable profits for early investors and traders. It has grown by more than 1,000% in the previous month alone.
A support line was discovered at the. The cryptocurrency soon bounced off 382 Fibonacci retracements of SAND's advance. As a result, we expect SAND to attempt a new level of support at $6.82 before moving on to new highs (ATH). ATH of $8.5 and psychological thresholds of $8.75 and $9.50 will be obstacles to overcome on the path up.
Potential for future growth
Users can create and contribute to the metaverse using Sandbox, a community-driven and user-generated platform that allows gamers and developers to monetize gaming experience and digital assets on the blockchain.
But unlike other well-known play-to-earn games, it does not have a predetermined gaming world. Instead, it provides a wide range of free and straightforward design tools for its users to customize everything they need.
In order to create, develop, design, buy, and sell digital assets inside its ecosystem in the form of a game, it combines NFTs and DAOs to establish a decentralized platform for a vibrant gaming community, which is facilitated by the use of blockchain technology.
If you're looking for a new way to use blockchain technology in the game business, go no further than The Sandbox, which provides players with a virtual world where they may create, collect, and develop blockchain-powered assets and is hoping to transform it.
How do you buy SAND on Binance?
Cryptocurrency exchanges like Binance can be used to acquire SAND.
The first step is to log in to your Binance account and select the classic or advanced trading page. We'll be using [Classic] in this tutorial.
On the right section of the screen, type "SAND" into the search bar. This will bring up a list of all possible SAND trading pairs. Here, we'll utilize the SAND/BUSD currency pair as an example. Open the trading page for "SAND/BUSD" by clicking on it.
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Types the word SAND
Enter the quantity of SAND you wish to purchase in the [Spot] box at the bottom of the page. SAND can be purchased in a variety of ways (e.g., market order). To buy SAND, click [Buy SAND]. Your Spot Wallet will be credited with the SAND you purchased.
Buy
Conclusion
You can build whatever you want!
In the Sandbox, gamers can develop and submit their own material to the metaverse. In contrast to other well-known play-to-earn games, it does not have a predetermined gaming universe. It takes a flexible approach, allowing users to use free and easy-to-use tools to modify everything. Content created by gamers can either be sold as NFTs or used to enhance their gaming experience. If you are looking for cryptocurrency signals for SAND tokens, we can provide you with the most profitable signals with guaranteed results.
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