{"id":4751,"date":"2021-12-15T00:15:00","date_gmt":"2021-12-15T08:15:00","guid":{"rendered":"https:\/\/www.cultofmoney.com\/?p=4751"},"modified":"2021-12-15T09:43:06","modified_gmt":"2021-12-15T17:43:06","slug":"what-is-the-sandbox","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/what-is-the-sandbox\/","title":{"rendered":"What Is The Sandbox And How Can You Play?"},"content":{"rendered":"

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These days, non-fungible tokens (NFTs)<\/a> are all the rage alongside regular cryptocurrency investing. But NFTs aren\u2019t just disrupting the art and collectibles world; they\u2019re also changing the world of gaming.Metaverse games like The Sandbox<\/a> are a perfect example. This virtual world is built on the Ethereum blockchain<\/a> and lets players create, own, and monetize assets within the game. Compared to your normal video game, The Sandbox actually lets users create the content that shapes its world.But what\u2019s under the surface of The Sandbox? How can you actually get in on the action? And, furthermore, what does this all mean for investors, gamers, and digital creators? You’ll find answers to all of those questions below.<\/p>\n

What Is The Metaverse?<\/h2>\n

The Sandbox is one of several popular “metaverse” games surging in popularity right now. Other games include Decentraland<\/a> and Roblox<\/a>, and the space is full of other gaming studios also creating their own titles.A metaverse is a virtual world where you can interact with other people and the virtual environment. In some sense, these types of environments already exist and have been around for quite some time. For example, the game Second Life<\/a> was released nearly twenty years ago back in 2003.However, proponents of the future<\/em> metaverse believe it will be far more than a souped-up version of The Sims. In October 2021, Facebook dramatically demonstrated its confidence in the metaverse and its potential to eventually revolutionize life as we know it by rebranding its holding company to Meta.<\/p>\n

In one of his founder\u2019s letters<\/a>, Facebook\u2019s CEO Zuckerberg stated \u201cIn the metaverse, you\u2019ll be able to do almost anything you can imagine \u2014 get together with friends and family, work, learn, play, shop, create \u2014 as well as completely new experiences that don\u2019t really fit how we think about computers or phones today.\u201d<\/em><\/p>\n

What Is The Sandbox?<\/h2>\n

The Sandbox is one of the more popular metaverse games on the market right now. Pixowl Inc. is the developer behind the original game which was released on mobile way back in 2012. A Steam version for PCs launched a few years later in 2015.<\/p>\n

But in 2018, Hong Kong-based company Animoca Brands acquired Pixowl and announced that it planned to create a blockchain version of the game. And after rounds of funding and much anticipation, the Alpha version launched on November 29th, 2021.<\/p>\n

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On the surface, you might think The Sandbox is identical to other open world games where you create things, like Minecraft. However, ownership is what makes The Sandbox and other metaverse games so innovative.The game utilizes NFTs to let players own virtual land and assets within the game. Furthermore, The Sandbox has its own ERC-20 token, appropriately named SAND, that players use for all transactions and interactions within the virtual world.This might sound like a cute spin-off of other creator games, but The Sandbox has serious momentum and cash behind it. In a recent $93 million Series B round, Animoca Brands announced<\/a> that the game already has over 500,000 registered wallets. Currently, over 12,000 players own land within the game, and The Sandbox has generated over $144 million in sales since its inception.<\/p>\n

The Sandbox Metaverse Features<\/h2>\n

Ownership is a key component of what makes The Sandbox exciting and new for gaming. To let players create and own assets within the game, The Sandbox has several important features and technology at play.<\/p>\n

SAND Tokens<\/h3>\n

Like other popular play-to-earn crypto games<\/a>, The Sandbox has its own token, SAND, which is how players purchase assets in the game and interact with the environment.SAND is an ERC-20 token that\u2019s built on the Ethereum blockchain. It\u2019s the game\u2019s utility token that lets players:<\/p>\n