The Sandbox is a decentralized virtual gaming platform where players can create, share, and monetize their own gaming experiences. It is built on blockchain technology, which allows for secure and transparent ownership and transfer of digital assets.
In The Sandbox, players can design and build their own 3D gaming experiences using the platform’s intuitive, drag-and-drop VoxEdit software. They can then publish their creations on the platform’s marketplace, where other players can discover and play them. The Sandbox also has a feature called LAND, which allows players to purchase and own virtual land that they can use to build their gaming experiences.
The Sandbox uses a cryptocurrency called SAND as its in-game currency, which can be used to buy, sell, and trade digital assets and experiences on the platform. The Sandbox also allows creators to monetize their creations through various means, such as selling them on the marketplace or charging admission fees for players to access their experiences.
Overall, The Sandbox aims to empower players to become creators and owners of their own virtual gaming experiences, while also fostering a vibrant and decentralized gaming community.
The history of development of The Sandbox
The Sandbox was first conceptualized in 2011 by the French game development studio, Pixowl. However, the project was put on hold until 2017, when Pixowl raised $2 million in a seed funding round to develop the project further.
In 2018, Pixowl partnered with blockchain infrastructure provider, Animoca Brands, to integrate blockchain technology into The Sandbox. The two companies formed a joint venture called TSB Gaming Ltd. to develop and launch the platform.
Over the next few years, The Sandbox underwent significant development and testing, including a successful alpha testing phase in early 2019. In February 2020, The Sandbox conducted its first LAND presale, selling out all 3,096 LAND parcels within the virtual world in just four hours.
In June 2020, The Sandbox conducted its second LAND presale, selling an additional 6,192 LAND parcels and raising $3 million in just five hours. Later that year, The Sandbox launched its open beta testing phase, allowing players to start creating and publishing their own gaming experiences on the platform.
In December 2020, The Sandbox launched its SAND token on various cryptocurrency exchanges, enabling players to buy, sell, and trade digital assets and experiences within the platform. The platform also announced a number of high-profile partnerships with companies such as Atari, Square Enix, and Care Bears, to bring popular gaming franchises and characters to The Sandbox.
As of early 2023, The Sandbox is continuing to develop and expand its virtual world, with plans to launch its full platform in the near future.
The Sandbox’s bullish history
The Sandbox has a bullish history, with its SAND cryptocurrency and virtual land parcels experiencing significant growth in value since their launch.
The SAND token was first listed on cryptocurrency exchanges in December 2020 at a price of around $0.015. Within a few weeks, the price of SAND had more than tripled, reaching a high of $0.05 in early January 2021. Since then, the price of SAND has experienced significant fluctuations, but has generally remained above its initial listing price.
In addition to the growth of its SAND cryptocurrency, The Sandbox’s virtual land parcels have also experienced significant appreciation in value. The initial LAND presale in February 2020 sold parcels at a price of $96 each, but by the time of the second LAND presale in June 2020, prices had increased to $128 per parcel. Today, the average price of a LAND parcel on The Sandbox’s marketplace is around $1,000, with some parcels selling for tens of thousands of dollars.
The bullish history of The Sandbox can be attributed to a number of factors, including its innovative use of blockchain technology, the growing popularity of blockchain-based gaming, and the platform’s partnerships with popular gaming franchises and characters. As The Sandbox continues to develop and expand its virtual world, it is likely that the value of its SAND cryptocurrency and virtual land parcels will continue to rise.
Price drop history of SAND cryptocurrency
Like many cryptocurrencies, the SAND token has experienced significant price fluctuations since its launch in December 2020. Here is a brief history of some of the major price drops that have occurred:
In late February 2021, the price of SAND dropped from around $0.08 to $0.03 over the course of a few days. This drop was likely due to a general market downturn in the cryptocurrency space, as many other tokens also experienced significant price drops during this time.
In May 2021, the price of SAND dropped from around $0.90 to $0.30 over the course of a few weeks. This drop was likely due to a combination of factors, including a broader market downturn and concerns about the impact of high gas fees on The Sandbox’s platform.
In September 2021, the price of SAND dropped from around $0.80 to $0.30 over the course of a few days. This drop was likely due to a general market downturn in the cryptocurrency space, as many other tokens also experienced significant price drops during this time.
In November 2021, the price of SAND dropped from around $0.60 to $0.30 over the course of a few days. This drop was likely due to a combination of factors, including concerns about the impact of high gas fees on The Sandbox’s platform and a broader market downturn.
Despite these price drops, the SAND token has generally remained above its initial listing price of $0.015, and has experienced significant growth in value over the long term. As with any cryptocurrency, however, the price of SAND can be volatile and is subject to a range of factors that can impact its value.
The Sandbox Development Team
The development team behind The Sandbox is composed of experienced professionals in the fields of gaming, blockchain, and virtual worlds. Here are some of the key members of the team:
Sebastien Borget – Co-founder and COO of The Sandbox
Borget has over 10 years of experience in the gaming industry, and was previously the CEO of Pixowl, the studio that first conceptualized The Sandbox.
Arthur Madrid – Co-founder and CEO of The Sandbox
Madrid has over 20 years of experience in the gaming industry, and was previously the CEO of Madrid-based game development studio, Widespace.
Rémi Saillard – CTO of The Sandbox
Saillard is an experienced blockchain developer and architect, and was previously the CTO of blockchain infrastructure provider, Animoca Brands.
Pablo Sánchez – Art Director of The Sandbox
Sánchez is an experienced art director and designer, and has worked on a number of high-profile video game projects throughout his career.
Sebastien Dubois – Head of Product of The Sandbox
Dubois has over 10 years of experience in the gaming industry, and was previously the Head of Product at mobile game developer, Ketchapp.
Alexandre Amiach – Head of Business Development of The Sandbox
Amiach has over 20 years of experience in the entertainment industry, and has worked in a variety of roles across film, television, and video games.
The development team at The Sandbox is also supported by a number of advisors and partners, including industry veterans such as Ethan Beard (ex-Facebook and ex-Riot Games) and Rémi Quirion (ex-Chief Scientist of Quebec), as well as major gaming franchises and brands like Atari, Square Enix, and The Smurfs.
How to get Sand virtual currency
SAND can be bought and sold on a number of cryptocurrency exchanges, including Binance, Huobi, and OKEx. To purchase SAND, you will need to create an account on one of these exchanges, deposit funds, and then use those funds to buy SAND.
Earn through gameplay
The Sandbox offers players the opportunity to earn SAND through gameplay. Players can earn SAND by creating and publishing content within the game, participating in community events and challenges, and by contributing to the development of The Sandbox ecosystem.
Participate in SAND sales
The Sandbox occasionally offers SAND sales to its community. These sales typically involve purchasing a set amount of SAND at a discounted rate, and can be a good way to obtain SAND at a lower price than is available on cryptocurrency exchanges.
The Sandbox has a staking mechanism that allows users to earn SAND by locking up their existing SAND tokens. Users who stake their SAND are able to earn rewards in the form of additional SAND tokens over time.
It is important to note that the value of SAND, like any cryptocurrency, can be volatile and is subject to a range of factors that can impact its price. Before investing in SAND, it is important to do your own research and understand the risks involved.