Official Website: https://www.sandbox.game/en/about/
The Sandbox was founded in 2011 and their successful launch followed in 2012. Initially setting off as a mobile gaming platform that enjoyed a large following, garnering 40 million downloads worldwide. Beginning in 2018, The Sandbox platform began a new chapter with a new gaming project with foundations built on blockchain technology.
The gaming platform is built on the revered Ethereum network the largest launchpad for crypto projects. By utilising Ethereum’s ERC-20 token standard, the project implements the advantageous aspects of the major network namely its security, transaction speed and finality as well as its ERC-721 NFT (non-fungible token) standard.
SAND is the projects native token that is used as currency in The Sandbox a community-driven platform where developers creators can monetize virtual assets and gaming experiences on the blockchain. The ecosystem supports a vast area, divided into regions that hold value comparable to virtual real estate. Lots are referred to as LAND which exist on the blockchain as NFTS are available for purchase, participants are then able to create a virtual space with monetizable engagements ranging from unique experiences, highly customisable gamification, and other artistic endeavours.
The immersive virtual spaces host an arsenal of possibilities through their dexterity which is paired with an equally impressive collection of digital assets which can be used as avatars, game props, apparatus, decor and more.The Sandbox participants that hold SAND (ERC-20) and have purchased LAND (ERC-721) will have the opportunity to attain voting rights in the metaverse governance system, utilise staking opportunities and the ability to customise virtual assets.
The Sandbox has successfully acquired partnerships with major corporations and brands from a plethora of backgrounds, including but not limited to Sportswear brand Adidas, entertainment veterans Atari, news outlet South China Morning Post and technology giants Samsung. Additionally, many artists have also paired with the protocol including Snoop Dogg, Avenged Sevenfold Deadmau5 and Richie Hawtin.
Many of parties listed above have hosted auctions for their own NFTs that are operable within The Sandbox ecosystem and economy. The Sandbox and their partners mutually benefit from this trade off as fanbases are pulled towards the platform, art and ideas are shared in return for royalties and visibility for parties on the platform.
Arthur Madrid is The Sandbox’s co-founder and CEO serving the project as its figurehead since its conception and frequently engages with the community through social media channels. Madrid was also the CEO of gaming platform Pixowl and is best known for his ability as social-gaming entrepreneur from his previous experiences with start ups including 1-Click Media and Wiki Inc.
Borget Sebastien contributes to The Sandbox as co-founder and COO, likewise to his counterpart he was also a co-founder and a catalyst for Pixowl. Sebastien is well-known amongst the crypto community from being the president of the Blockchain Game Alliance since 2020 an organisation with over 90 registered companies in the crypto industry. Sebastian contributes a plethora of valuable knowledge and a web of industry relations to the project from his time at unique positions.
As an ERC-20 token, Ledger is one of the best places to store SAND as it is an encrypted hardware wallet. Hardware wallets use high levels of encryption to keep your funds safe from any sophisticated network attacks. They also hold the private key offline and never broadcast this across the internet. Please click here for our full guide on how to set up a Ledger wallet.
MyEtherWallet can also store SAND, and is one of the most trusted, tried, and tested wallets. This Web-Based Wallet stores all ERC20 tokens (including SAND) on the Ethereum blockchain, without the need to download any clients or software.
You can Buy & Sell The Sandbox (SAND) here at BC Bitcoin. You can Buy SAND by heading over to the Buy Coins Page of our website. SAND is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying SAND has never been easier, simply place your order and provide your wallet address. Once your payment arrives, SAND will be sent directly to your wallet.
If you choose to Sell The Sandbox (SAND), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins Page.
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.