How does The Sandbox Crypto work?

The sandbox is a gaming virtual world built on the Ethereum blockchain where players can build their own and monetize their gaming experiences using non-fungible tokens (NFT) and our main utility token sandbox crypto, sand. The sandbox platform currently includes a vox edit marketplace and a game maker. The Sandbox metaverse attempts to change the dynamics of the gaming market by rewarding creators of user-generated content for the value they produce. 

How does The Sandbox Crypto work?

The Sandbox is a dynamic virtual world with user-generated creations. Players can build and create their own NFTs, including avatars, virtual goods, and even games using VoxEdit and Game Maker. Not only can they use the virtual goods to interact with other players, but they can also monetize these NFTs by trading on the Sandbox Marketplace.

You can create a game asset such as a dragon and make it become a non-fungible token (NFT) and sell it on the marketplace. Assets are made intuitively using voxels the equivalent of 3d pixels to build all sorts of assets that can be also animated with templates.

The sandbox crypto’s decentralized marketplace enables the trading of in-game assets created with our NFT maker. Now millions of players can enjoy creating, exchanging and selling game assets published on the Ethereum blockchain to prove ownership and full monetization. Finally, the sandbox’s game maker allows players to build 3D games for free and with no coding knowledge required. The sandbox virtual world uses blockchain technology – sand utility tokens and NFTs to empower the players and creators through the use of NFTs.

Sandbox users

The sandbox users will be able to benefit from true digital ownership security and immutability trading and cross-application interoperability. The sand token is the currency that enables storing the values of land, NFTs, Governance and players. The sand token is also being used for staking and governance the sandbox platform. Currently runs exclusively on Ethereum – the erc20 standard is used for the sand gem and catalyst tokens while erc 1155 and drc 721 standards are used for the storage and trading of land and assets. An asset is the name of the token that refers to voxel assets on our marketplace created via our voxel editor. These assets are uploaded into the blockchain ecosystem through our marketplace and automatically convert into NFTs.

Gem and catalyst

Gem and catalyst define the tier scarcity and attributes of an asset catalyst add empty sockets to the NFTs that can be filled with gems. The higher the quality of the catalyst the more sockets your asset will have.  Sand is an essential part of the sandbox platform and the only way to own a piece of the metaverse is by using it to buy land. Land is a digital piece of real estate in the sandbox metaverse.

How to Use SANDBOX Crypto

Buy land and create whatever experience you want on it. Land and everything on your land is truly yours. A total of 166 464 lands will ever be available contained in a map that will form the sandbox metaverse. Sand is an erc20 utility token built on the Ethereum blockchain that serves as the basis for transactions within the sandbox and has the following uses:

• access the sandbox platform
• players spend sand in order to play games
• buy equipment
• or customize their avatar character

While creators spend sand to acquire assets lands and earn passive income through staking. Sand is a governance token that allows holders to participate in governance decisions of the platform using a DAO structure they can exercise voting rights on key elements such as foundation grant attributions to content and game creators and future prioritization on the platform roadmap.

The Sandbox uses several token types to ensure a circular economy between all the types of users who will interact with the platform: players, creators, curators, and landowners:

SAND: the ERC-20 token used within The Sandbox as the basis for all of the ecosystem’s transactions and interactions.

LAND: a digital piece of real estate in The Sandbox metaverse. Players buy LAND in order to populate it with games, assets and interactive experiences. Each LAND is a unique (non-fungible) token lying on the public Ethereum blockchain (ERC-721).

ASSETS: a token created by players who build/assemble user-generated content (UGC). ASSETS utilize the ERC-1155 standard and can be traded on the marketplace, with their main utility being to serve as creation elements in The Sandbox Game Maker.

Sand allows for staking which enables passive revenues on lands. You get more sand by staking it. This is also the only way to get valuable gems and catalysts needed for asset creation. As the sandbox grows a large portion of transactions fees are redistributed to sand stakers through a foundation and staking pool governed by a community-owned DAO.

How Can I Get SANDBOX Crypto?

SAND Crypto can be purchased from major cryptocurrency exchanges using a credit or debit card. It can also be traded with Ether on Uniswap, earned from games in The Sandbox ecosystem, or obtained through various contests and reward programs in The Sandbox crypto.