What Is SandBox? Is SandBox A Good Investment In 2022?
Facebook announced its makeover as “Meta” in November 2021, the first step in creating a metaverse. While the concept of a metaverse isn’t technically new (the video game Second Life has been shaping its own for several years), it’s never been as popular as it is now due to Facebook’s revelation.
Virtual metaverses intertwined with games like The Sandbox, a digital currency-based virtual world that allows players to develop and play games within games, have risen in popularity with investors in recent years.
What Is SANDBOX?
Sandbox is a virtual world where users can build, own and monetize their gaming experiences and assets within a vast virtual world. Sandbox is a virtual world where players can build, own and monetize their gaming experiences and assets within a vast virtual world.
SAND is the utility token of Sandbox’s versatile ecosystem. It can be used to create asset tokens, buy and sell assets on the marketplace, participate in transactions involving LAND, and interact with user-generated experiences. It certifies the creators and gamers to layout virtual property and plays video games alongside monetizing them with no important authority.
How Many SAND Coins Are In Circulation?
There will be approximately 1.23 billion SAND crypto tokens in circulation in 2022, with a maximum supply of 3 billion. Its market value is presently around $17 billion; however, it fluctuates daily.
Around 31% of the total supply was allotted to the founders and team members, with the remaining 12% going to a dedicated Binance Launchpad.
Who Discovered SANDBOX?
The Sandbox is a unique platform as it introduces blockchain generation to the arena of gaming. The gaming enterprise is a massive untapped marketplace regarding the adoption of blockchain tech, and Pixowl noticed that in 2011. By developing a universe in which game enthusiasts can create and gather blockchain-primarily based assets, the Sandbox pursuits to revolutionize the market. It makes a spot for itself withinside the worldwide platform of gaming.
How Does SAND Work?
The Sandbox tracks ownership of NFT assets and LAND on its program using the Ethereum blockchain. Users can interact with the ecosystem further using Ethereum wallets, which store their tokens. Developers can utilize numerous tools in the blockchain-based game to build the assets they use. These are the tools:
Game Maker: Game Maker is a simple, no-code tool that allows users to test and construct 3D games in The Sandbox metaverse. Users can organize missions, change terrain, and construct buildings and characters to share with the Sandbox community.
VoxEdit: Voxels are three-dimensional pixels that resemble Lego blocks. VoxEdit is an easy-to-use program that allows players and artists to animate, construct, and rig voxel-based NFTs. Users can build animals and plants and avatar-specific accessories like weapons and clothing.
Why Invest In Sandbox in 2022 ?
SAND is the utility token of The Sandbox’s flexible ecosystem. It may be used to grow asset tokens, trade assets in the marketplace, collaborate in transactions related to LAND, and engage with user-generated experiences.
SAND is likewise the governance token of The Sandbox DAO; because of this, possessing SAND tokens offers customers vote casting rights to enhance the platform as they wish. Further, the overall supply of SAND is limited, which means that in line with the software’s rules, there’ll be 3 billion SAND tokens. It is currently trading for $1.297 with a market cap of $3.7 billion. At the primary glance, this can suggest that people can invest in SAND.
Where To Buy SAND?
One can buy SAND from BuyUcoin, making it easy and secure to transact cryptocurrencies through the website and the app. One can create an account with BuyUcoin at https://trade.buyucoin.com/
It also requires you to verify an email and phone number and complete the KYC information before buying and selling.
Read more: https://blog.buyucoin.com/learn/what-is-sandbox-crypto/
Text source: BuyUcoin Blog
