$6.52
1H
-1.46%$0.0966
24H
3.12%$0.1973
7D
-9.81%$0.7092
30D
115%$3.49
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.
Ownership of one’s creative property has been a spicy topic in the crypto community and NFT has allowed specific possession of the intellectual property on the blockchain.
The Sandbox generated funds from a funding round led by SoftBank to expand its NFT and metaverse offerings beyond gaming.
The Sandbox is doing more than just buying NFTs. They are also supporting creators by adding value to NFTs by increasing their utility.
The year 2020 has been full of blockchain game launches that widened the horizon for gamers and crypto users alike.
With the virtual land on The Sandbox, Binance hopes to engage with the community through social gaming experiences within The Sandbox worlds.
