Market cap $1.60 B Full cap $3.80 B Volume 24H $487.97 M ATH $8.40
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
The majority of NFT and Metaverse tokens started off on a very high bullish note as users were amazed at the way each of the protocols’ sought to drive the mainstream adoption of NFTs and gaming at launch.
Decentraland (MANA) and The Sandbox (SAND) were two of the earliest adoptions in the space. Now, a brand new project, Pac-Man Frog (PAC) has recently launched via its presale and has plans to take over the crypto gaming world.
