The Sandbox is a virtual environment on the Ethereum blockchain where gamers can create, own, and monetize their gaming experiences.
An Ecosystem for User-Generated Content
A Blockchain Gaming Platform
The Sandbox incorporates many token kinds to establish a circular economy among all types of users who will engage with the platform, including gamers, artists, curators, and landowners:
- SAND: is the ERC-20 token used as the foundation for all transactions and interactions inside The Sandbox’s ecosystem.
- LAND: is a piece of digital real estate in The Sandbox’s metaverse. Players purchase LAND in order to populate it with interactive games, objects, and experiences. Each LAND is a non-fungible token that resides on the Ethereum public network (ERC-721).
- ASSETS: A token created by gamers who construct user-generated content (UGC). ASSETS employ the ERC-1155 standard and are tradable on the market; nevertheless, their primary purpose is to act as creative elements in The Sandbox Game Maker.
Non-fungible tokens (NFTs) are digital tokens for digital scarcity, validity, and security. They are singular, inseparable, and not interchangeable.
What exactly is LAND?
Within The Sandbox, a maximum of 166,464 LANDS will exist, each included in a map that comprises The Sandbox metaverse.
The Sandbox map features two different parcel types:
- LAND: The map’s fundamental Sandbox unit. Each LAND in the game world is 96 by 96 meters in size — exactly large enough to support all forms of blockchain gaming experiences, but not so enormous that it is unmanageable by a single person.
- ESTATE: An ESTATE is a grouping of several LANDS. This is where teams of artists may collaborate to build larger and more immersive online experiences.
LAND
The Sandbox metaverse is centered around LAND. They will enable you to play and create games, earn tokens, organize contests, and do a variety of other things!
SAND
SAND is an integral component of The Sandbox platform and was introduced to the Binance trading platform in August of 2020. Currently, crucial mechanisms that will make SAND inextricably linked to The Sandbox platform and its value are being built. SAND is an ERC-20 utility token established on the Ethereum blockchain that will eventually serve as the foundation for transactions in The Sandbox, and has the following applications:
- Players may access The Sandbox platform by spending SAND to play games, purchase equipment, or personalize their Avatar. Creators use SAND to purchase ASSETS, LANDS, and to stake. LAND Sales will fuel the need for SAND required to acquire LANDS. Artists will use SAND to submit ASSETS to the Market and to purchase Gems for determining Rarity and Scarcity.
- Governance: SAND is a governance token that enables DAO (Decentralized Autonomous Organization)-based participation in Governance decisions on the platform. They have voting rights on crucial components such as the allocation of Foundation grants to content and game producers and the prioritization of platform roadmap features. SAND owners may vote personally or assign their voting privileges to other players.
- STAKING: SAND allows for staking, which gives passive revenue on LANDS: by staking it, you obtain additional SAND. This is the only method to acquire priceless Gems and Catalysts, which are essential for the manufacturing of ASSETs.
- Fee Capture model = 5% of all transaction volume conducted in SAND tokens (Transaction Fees) will be levied, with 50% of the profits going to the Staking Pool as incentives for token holders that stake SAND tokens, and the other 50% to the “Foundation.”
- Foundation: The Foundation’s goal is to support the ecology of The Sandbox by granting funds to encourage the development of high-quality interactive content and games on the platform. To date, the Foundation has funded over 15 game projects and awarded grants to over 100 artists to create NFTs prior to the game’s public release. The valuation of all games sponsored by the Foundation will increase the value of the metaverse as a whole, creating a virtuous loop that enables the funding of increasingly larger games and experiences.
- Create Voxel ASSETS
- Construct ASSETs using Voxedit, then import them and put them up for sale as NFTs on the Marketplace.
- Use the Game Maker to create your own games.
- Using your LANDS, you may create games and interactive experiences using the Game Maker and then monetize those creations.
- Own a LAND
- During one of our LAND Sales, you can purchase a piece of land. You may raise their worth by increasing the amount of material they contain or by renting them out.
In October of 2019, the Sandbox Gaming Platform announced the $2,000,000 Game Maker Fund to provide chosen creators with the resources necessary to make, publish, and sell incredible games on the platform. The DAO of The Foundation oversees this Fund in its effort to sustain The Sandbox’s ecosystem by controlling the distribution of grants to developers working on games and other content for The Sandbox. The Foundation has funded the development of more than 15 games, some of which will be released in 2021 under licenses from companies including ATARI and Square Enix.
Each game the Foundation supports adds to the overall value of the metaverse, which in turn allows for the support of ever more ambitious projects.
The principal advantages of receiving Game Makers Fund sponsorship as a Creator are:
- Free prime exposure for your games in The Sandbox, one of the most anticipated online PC games of 2020 and the most anticipated blockchain game overall!
- Maintain complete ownership and rights to your games.
- Build your own games using hundreds of accessible voxel assets and visual scripting.
- Receive free LAND chunks within the largest online voxel. Metaverse
- Influence an ever-expanding community of artists and players.
- Use our SAND cryptocurrency to monetize your content.
- Trade your games and assets on our market
- Contribute to defining the future of online gaming by joining our Game Maker community.
Gems and Catalysts
Gems are a new ERC-20 utility token burned on usage that determines the characteristics of your ASSET along with Catalysts. The more attributes your ASSETS have, the more helpful you’ll find them in the Sandbox, increasing their worth. Attributes define your ASSET’s primary stats that will be shown on the Sandbox’s game experiences throughout our metaverse.
Brands like Shaun the Sheep, dApp game studios like Dapper Labs (CryptoKitties), investors like Square Enix (Final Fantasy, Tomb Raider), and classic game publishers like ATARI are just a few of the 50+ partners the Sandbox team has acquired to build content on the platform (Rollercoaster Tycoon, Pong). These companies have purchased their own plots of land in The Sandbox metaverse and will be among the first to provide multiplayer social experiences once the platform goes live.
With Atari’s help, they’ll be making games based on their well-known intellectual properties like Rollercoaster Tycoon and PONG, among many others. More information on the 2021 debut of these endeavors is forthcoming.
With respect to financing, SANDBOX has just finished off a Seed Round in which they collected $4.21M USD. Additional funding was obtained through the latest Binance SAND IEO. Since the presale began in December 2019, users have been able to purchase plots of land in the virtual world game platform, with some purchases generating over $1 million in only a few minutes. The total value of The Sandbox metaverse is expected to exceed $20 million.
All smart contracts are publicly published on Etherscan and Github, and they have all been inspected by Certik, a top security firm relied on by major cryptocurrency exchanges like Binance, Upbit, Bithumb, and many more. Our score of 93 out of 100 ranks highly relative to competitors.
