Sandbox is a virtual world that is built on the Ethereum blockchain where players can build their own assets and also monetize their gaming experience.
It basically solves the issues of the games like Minecraft etc where the assets that you create in the game, you don’t actually own them in real. But using the Sandbox platform you can actually own and monetize these assets.
Using Sandbox players can create NFTs (Non-Fungible Tokens) and import these tokens to the marketplace and integrate them into the Games using Game Maker.
Land in Sandbox
A Land in Sandbox is a digital piece of real estate that players will be able to buy. Once the player has bought the land he/she can build games and assets on that land. Multiple lands can be combined in order to form an Estate.
A total of 166,464 Lands will ever be made available which will be available in a map that will form a Sandbox metaverse.
Products in Sandbox
Sandbox platform currently consists of three working products that together work and provide a comprehensive experience for the production of user-generated content. Sandbox also allows the asset creators to secure copyright ownership of the assets by the implementation of the NFT standards.
It is a 3D voxel modeling package that allows users to create and manipulate 3D assets like animals, people, etc.
It allows users to upload, publish and sell the assets that are made using VoxEdit.
3. Game Maker
It allows users to build 3D games for free and the best part is no coding knowledge is required for this task.
How can users Monetize their assets?
Users can monetize their time on the Sandbox platform by:
1. Selling Assets
Users can create and sell Assets on the marketplace as Non-fungible tokens
2. Owning a Land
Users can buy Land in one of the Land Sales. These lands can also be rented and in case if you want to increase the Land value you can populate that with valuable content.
3. Building Games on the Game Maker
Build and Monetize games using the Game Maker on the lands owned by the players.
SAND token overview:
SAND is an ERC-20 utility token used throughout the Sandbox ecosystem for transactions and interactions. The total supply of the SAND token is 3,000,000,000. It has the following use cases:
Medium of exchange:
Users can use the SAND tokens to buy lands, play games, customize the avatar, etc. Users can also collect the SAND tokens by playing games. Artists can spend the SAND tokens to upload the assets they have created into the marketplace.
Using SAND tokens users can take part in the governance decisions by voting or delegate the voting rights to other players of their choice.
Users can stake SAND tokens to earn rewards. Gems and Catalysts can also be earned which can be used for asset creation.
Gem and Catalyst define the tier, scarcity, and attributes of an asset. Catalyst adds empty sockets to the NFTs that can be filled with Gems. The higher the quality of the Catalyst, the more sockets your assets will have.
How to buy Sandbox (SAND) using WazirX Exchange:
Navigate to the USDT market as shown in the image below
Select the SAND coin as shown below
Then click on the Buy/Sell button which is in the middle.
Now in the price area type the price at which you want to buy the coin. Then enter the number of coins you want to buy and click the buy button.
And that it folks, you are now the proud owner of SAND. The coins will be stored in the Funds section, which you can hold or sell whenever you want.