The Sandbox is one of the coolest ‘projects’ that combines the Ethereum blockchain technology, NFTs, and the metaverse in the fast-growing virtual gaming world.
But let’s start from the beginning. What does the gaming world have to do with investments and trading? Well, continue reading.
The Sandbox platform is a virtual world (i.e. metaverse) built on blockchain technology.
For starters, the metaverse is a shared virtual 3D world where participants may interact, socialize, engage, play, work and even invest. In other words, it is the new Internet, as many put it.
So, this is a new ‘universe’ where programmers, artists, developers, investors, and gamers co-exist and benefit.
Users may interact, play, build, animate, and create NFT-based digital assets. The combination of the NFTs and blockchain provides an abundance of opportunities for the users to benefit from their creations and sell them on the marketplace.
The Sandbox disrupts the existing gaming market by offering the creators complete ownership of their creations in the form of NFTs, as well as the opportunity to utilize and monetize them.
It’s a whole new ‘game’ for entertainment, programming, art, and monetization.
The Sandbox universe has 6 different non-fungible tokens, each one serving a different function. They are: SAND, LAND, ASSET, GAMES, GEMs, and CATALYSTs. Only the first four are user-specific tokens. The other two are used for creating assets.
Of the user-specific tokens, the ASSET token is an ERC-1155 NFT that represents game assets such as cars or animals. While the GAME token goes hand in hand with the LAND token and allows players to develop games and experiences on their LAND.
The SAND and LAND tokens are among the most important Sandbox tokens. We will cover them in more detail below.
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