The Sandbox price has been fluctuating near its previous 52-week high. Although the pattern of Sandbox looked as if it was ready to surge after its breakout in September 2021, it failed to continue the momentum and touched its 50-day Exponential moving average in the following days.

High volatility is not new in the crypto world, but the Sandbox network is not receiving enough media attention. Its current rank in the world of cryptocurrencies is #120, with the last 24-hour trading volume near $57 million. Let’s take a look at the Sandbox price prediction for the next few years.

The Sandbox Overview

Cryptocurrency The Sandbox
Ticker Symbol SAND
Price $1.29
Price Change 24H -2.18%
Price Change 7D -3.95%
Market Cap $1,608,424,159
Circulating Supply 1,227,664,778 SAND
Trading Volume $826,531,345
All-Time High $8.44
All-Time Low $0.02894
The Sandbox ROI 15362.36%

What Is The Sandbox?

In simple words, The Sandbox is a community-driven platform where creators can monetize voxel assets and gaming experiences on the blockchain. In this virtual world, the participants or the players can build, own, and monetize their gaming experiences using SAND tokens, which is the platform’s utility token.

The decentralized platform also allows players and creators both to own a piece of gaming metaverse (LAND) and participate in the governance and economy using the SAND utility token. The players can create their Digital assets, which would be Non Fungible Tokens or NFTs, and upload them to the marketplace. They can then use these NFTs to create gaming experiences with The Sandbox Game Maker.

With the trending news that Facebook is going to hire 10 thousand European developers for the metaverse project development, it is safe to say that the idea of monetizing the virtual world in-game assets is gaining market recognition as the future of gaming.

What makes Sandbox different is that it uses blockchain technology using a decentralized architecture to run its operations. It offers advantages of true ownership, digital scarcity, inoperability, and monetization capabilities using its structure.

As pioneers in the Sandbox will be taking the highest initial risk, they have methods to generate profits off the Sandbox metaverse concept. The SAND governance token will allow the stakeholder to participate in the governance decision and other such things. The users or players can also spend these SAND tokens to acquire LAND and rent them out or try to populate them to increase their value.

The SAND also allows for staking, providing an opportunity for passive revenue generation on LAND. Staking also allows for rewards such as Gems and Catalysts, which are crucial for ASSET creation. The SAND also has a fee capture model, i.e., 5 percent of all transaction volume carried out in SAND tokens is allocated with 50 percent to the Staking Pool as rewards for token holders that Stake SAND tokens and 50 percent to the Foundation. The Foundation is a way to incentivize high-quality content and game production on the platform, promoting quality growth among its userbase and content creators.

What Makes The Sandbox Unique?

The Sandbox is unique mainly because it introduced blockchain technology to the world of gaming. The gaming industry is a huge market with billions and billions of revenues that can be generated. The founders aimed to create a universe in which the gamers will be creating and collecting blockchain-based digital assets, essentially revolutionizing the gaming market. It makes a niche for itself in the world of gaming.

By focusing on user-generated content, the Sandbox creates a metaverse of players who contribute to the platform’s development, just like any decentralized crypto governance. It does this by using the SAND token, the utility token of the Sandbox, which promotes governance and allows user to share their views about the project development.

The project highlights the use of blockchain for decentralization. All in-game assets are represented by NFTs, which secure the ownership of players and collectors. The users have also shown interest by acquiring the virtual world’s LAND in the first round of presales in December 2019. The Sandbox metaverse is expected to record a massive growth in the coming years.

The Sandbox will also enable the SAND token holders to participate in the governance decisions of the platform via DAO mechanisms, where the users will be able to exercise their voting rights on key elements of the Sandbox ecosystem. The smart contracts of the Sandbox have been verified by the CERTIK firm, which further increases trust in the Sandbox ecosystem and digital assets.

The Sandbox team has developed two Sandbox genre mobile games that generated more than 40 million downloads. The team is dedicated, and the community support has been tremendous. This was confirmed when the LAND tokens were put on sale and more than 15 thousand users connected to their wallets and resulting in the sell-out of nearly $1 million. The community is still growing, with the numbers near 890 thousand users.

Partnerships of The Sandbox

Arthur Madrid is the CEO and Co-founder at Pixowl, and he is the driving force behind The Sandbox. The Pixowl was founded in 2011, and since then, the team has been building upon the premise of the Sandbox using the blockchain technology in the metaverse.

The Sandbox has also secured more than 50 partnerships to develop the content on its platform, including brands like Shaun the Sheep, investors such as Square Enix (who created the famous Tomb Raider), and iconic companies like ATARI. These partnerships will enhance the team’s efforts in creating a great ecosystem for the Sandbox and its players. The strategic partnerships will also allow the company to increase its foothold and provide exclusive entry to players from the partner companies’ products.

The Sandbox Price Prediction: Market Sentiment

The Sandbox metaverse is made up of LANDs, which are creative Sandboxes owned by players to create and monetize their gaming experiences. When the company made the sales of LANDs public, around 23% of the map was sold out within minutes, in excess of $1 million of sales.

By providing the users with an ecosystem for content creation, the company plans to provide a comprehensive experience for the players and creators. The Sandbox further allows its users to secure copyright ownerships using smart contracts and blockchain technology.

There are three main tokens that Sandbox uses to ensure a circular economy between all the profiles of users who interact with the platform. The SAND is an ERC-20 token that will be used within the Sandbox as the basis of the ecosystem’s transactions and interactions. The LAND is a digital piece of real estate in the Sandbox metaverse, and the players can build their own experiences on top of LAND by populating it with assets.