Do you know Sandbox (SAND)?
It is incredible the worldwide craze that NFTs have raised within the cryptosphere, a phenomenon that has found in gamification a niche where not only players but also investors are focused on the accumulation of these collectibles. This time it is the turn of a project called Sandbox (SAND), but first it is necessary to remember that everything published here is purely informative, under no circumstances should be considered as a form of advice or recommendation.
Sandbox is a blockchain-based gaming platform, which presents a virtual world where players can build, own and monetize their experiences.
This platform runs on the Ethereum blockchain while using a metaverse where players create their own virtual worlds, making use of their creativity and imagination to customize them to their liking while cooperating with third parties.
Basically it is a Sandbox, a voxel graphics game similar to Minecraft, where you can create your own server, join other communities or people and let your imagination run wild to build and interact with game elements while you are in the game.
However, unlike traditional gaming solutions, Sandbox allows you to own everything you create in your games.
Effectively, all game assets in Sandbox are automatically transformed into NFT, so every player has with them unique, rare and irreplaceable digital assets on the blockchain, allowing users to easily verify authenticity and ownership.
For example, you can design and create a unique pet and expose it in your virtual world to use as you prefer. In addition to being the owner, you can include predefined behaviors and statistics for your pet (e.g., only eating chocolate chip cookies) in the Sandbox.
Since your pet lives in the Sandbox ecosystem as an NFT, you can export it to the marketplace, define its rarity and level, and sell it to others in exchange for the project's native SAND token.
Moreover, if other players agree, you can move your pet and use it in other interconnected virtual worlds in Sandbox, even use your creation to collaborate with other players.
To deepen the understanding of this metaverse it is necessary to know how it is composed:
- Land: represents digital real estate in the Sandbox metaverse in the form of a non-fungible ERC-721 token in Ethereum. Sandbox has a map where you can find all the land, which the project team gradually sells to users for SAND.When you buy a LAND you become the owner of the property and own full control over everything in it.
Asset:ASSETS are ERC-1155 tokens created by users, which they can use to populate their Land. After generating their assets, players own them and are free to customize them, use them in their games, move to other worlds or trade with users on the platform.
Catalyst: These are ERC-20 tokens that burn with use, which you can use to define the level and scarcity of your ASSET.
When adding a catalyst to an item, the NFT will get an empty socket, which can be filled with a gem (more on this later).Gems: like catalysts, gems are also ERC-20 tokens that burn in use that players can use to customize their Assets. You place your gems in the sockets of an ASSET to define its attributes and its main stats (e.g., 25 power points and 50 magic points). For that reason, the usefulness of your item depends on the gems you have filled it with. As catalysts, you can earn gems by betting ARENA.
Avatar: is a representation of a player in the game, which can be customized to suit individual preferences.
In addition to some standard specifications, formatting and set of animations, players can use ASSET to equip their avatars with clothing, armor, weapons and other in-game items.
Sandbox's native token is called SAND, which is based on Ethereum's ERC-20 standard. Like the items we introduced in the previous section, SAND's role is to intervene in all trading processes within Sandbox as a system currency, in addition to serving as a medium of betting.
The total supply of SAND is 3,000,000,000,000 units, of which 913,246,119.22 (30%) are in circulation. At the time of writing this post the value of SAND was around BTC 0.0001084 (US$ 6.14).
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I'm not sure what to think of Sandbox, having been created on Ethereum, I don't see how it is possible to use the platform.
Perhaps the question is not how to use the platform but how costly it can be in terms of commissions (gas) per transaction. Clearly players with less funds will have little to gain on this token, they will have to sell a lot of NFTs in Sandbox to achieve some short term financial goal.
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thanks for this feedback, I think Sandbox is not for me then
How about them fees, huh?
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The fees charged by the Ethereum network depend on the volume of tokens to be exchanged, which will obviously be very high for small and medium-sized investors.
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Sorry. I meant gas fees for transactions. Ethereum network is unusable for games and small amounts.
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There has been such an amount of hype and promiss on this one, but Sandbox has still not delivered a game environment where you can actually play games. The land plots were sold for ridiculous prices with the assumption that players are willing to pay the plot holders a fee to play a game on their plot. Would you ? I have strong doubts on Sandbox but I hope I am wrong because it looks like fun
The truth is that I have a certain distrust of all metaverses, these are designed to attract an audience that wants hyper-realistic experiences and pay whatever it takes to participate in something like this, of course as they interact and create virtual things that become NFT and then money will attract more interested in the same, a situation that developers will take advantage of to push up the parcels, of that we can be sure.
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