What Are Cryptocurrencies Used in Sandbox Games?

Bittime - The Sandbox is a virtual metaverse built on the Ethereum blockchain that allows players to create, own and monetize their gaming experiences. 

The ecosystem is powered by the SAND token, an ERC-20 utility token that is essential for transactions and governance within the platform. In this article, we will explore the role of SAND, its key metrics, and its application in The Sandbox metaverse.

What is SAND?

SAND is the primary utility token used in The Sandbox ecosystem. It is an ERC-20 token, which means it is built on the Ethereum blockchain. The total supply of SAND is limited to 3,000,000,000 tokens. 

Users can earn, spend, and stake SAND for various activities within the metaverse, such as purchasing virtual land (LAND), acquiring in-game assets, and participating in governance.

Detail Token SAND

• Token Symbol: SAND
• Total Token Supply: 3.000.000.000 SAND
• Binance Launchpad Sale Price: $0,008333 per SAND
• Circulating Supply: ~1.000.000.000 SAND

Also read: GameStop Ready to Add Bitcoin as Company Reserve Fund

The Sandbox Ecosystem

The Sandbox platform consists of several important components that work together to enhance the user experience:

1. VoxEdit

VoxEdit is a software tool that allows users to create voxel-based ASSET. These ASSET can be converted into NFTs and sold on The Sandbox Marketplace.

2. Marketplace

Marketplaces are places where users can buy, sell and trade digital ASSET (NFT). This provides creators with the opportunity to monetize their content by selling virtual goods.

3. Game Maker

Game Maker is a no-code visual scripting tool that allows anyone to create 3D games. Users can design and launch their own games on LAND in The Sandbox metaverse.

LAND in The Sandbox

LAND is a virtual property in The Sandbox metaverse. Users can purchase LAND to create gaming experiences, rent it out, or use it to host events. A total of 166,464 LANDs are available, making up the entire world of The Sandbox. 

Multiple LANDS can be combined to form an ESTATE, providing more space for larger projects.

Monetization Opportunities with SAND

Users can generate income within The Sandbox ecosystem in several ways:

• Selling ASSETS: Players can create and sell NFTs on the Marketplace.
• Owning LAND: Users can buy, rent and develop LAND to increase its value.
• Building the Game: Developers can create and monetize their games using the Game Maker tool.

Also read: Top 10 SUI Coin Memes With Potential To Make Money

Gas Fees and ERC-1776

To improve the user experience, The Sandbox uses ERC-1776, which allows users to make transactions without paying Ethereum gas fees directly. Instead, the platform covers these costs, making transactions smoother and cost-effective.

The Sandbox Foundation

The Sandbox Foundation plays an important role in expanding the ecosystem and promoting NFT adoption. Responsibilities include:

• Game Makers Fund dan Creators Fund: Provides grants to encourage the production of high-quality content and games.
• Game Project Funding: Supports more than 17 game projects.
• NFT Grant: Support artists to create NFTs.
• Community Growth: Running an ambassador program to spread awareness.
• Hosting a Contest: Sponsor VoxEdit Contests and Game Jams to encourage creativity.
• Turnamen Play-to-Earn: Promote SAND adoption through gaming events.

Conclusion

SAND is the core of The Sandbox metaverse, enabling transactions, governance, and ownership of digital assets. With a growing ecosystem, monetization opportunities, and strong community support, The Sandbox continues to be the leading blockchain-based gaming platform. 

As the metaverse evolves, SAND's role is expected to expand, making it a major player in the world of decentralized virtual experiences.

FAQ

What sandbox games?

Some famous sandbox games besides The Sandbox are Minecraft, Roblox, Terraria, Garry's Mod, No Man's Sky, Grand Theft Auto V (online mode), Starbound

Who is the CEO of The Sandbox?

The CEO of The Sandbox is Arthur Madrid.

What cryptocurrency is used in The Sandbox game?

The main cryptocurrency used in The Sandbox is SAND.

What are the names of the 2 tokens that support The Sandbox's economic system?

The two tokens that support The Sandbox ecosystem are SAND And LAND. SAND is the primary utility token used for transactions, staking, and governance. LAND is an NFT asset that represents ownership of virtual property within The Sandbox metaverse.

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Reference

Sandbox, Official Website Sandbox, accessed March 25, 2025

Author: SD