Sand is the native token of the popular Ethereum-based decentralized virtual gaming world ‘The Sandbox’.
Sandbox is one of the top leading metaverses that is leading the development of decentralized web3 gaming.
In Sandbox’s virtual world, players can build, own, and monetize their gaming experiences using non-fungible tokens (NFTs) and SAND, the platform’s utility token.
Players can create digital assets in the form of NFTs through their VoxEdit, develop In-game Experiences through The Sandbox Game Maker and Buy and Sell assets and upload them to the custom Marketplace.
Interestingly the first version of The Sandbox was released as a mobile game in early 2012 as a collaboration between Pixowl (led by Sébastian Borget and Arthur Madrid) and game developer onimatrix.
However, in 2018, the game developer Animoca acquired Pixowl and the company announced its intentions to create a 3D sandbox-style world by leveraging blockchain technology to take advantage of user-generated content (UGC) and token economics.
While playing the game, users can be divided into 4 main categories:
Furthermore, the game has multiple types of tokens in addition to SAND.
Key Features of SAND: