Sandbox Coin: A Worthy Investment?

The Sandbox (SAND) is a blockchain-based game that combines two of the most popular things in the world right now: cryptocurrencies and gaming, with a mix of non-fungible tokens (NFTs). It is a play-to-earn game that allows users to create their own worlds and games and have true ownership of their creations as NFTs. In this virtual world, players can build, own, and monetise their gaming experiences using SAND tokens, the platform's utility tokens.

The Sandbox was initially launched in 2011 as a mobile gaming hit and was later scaled up to become a blockchain-based game in 2018. The Sandbox has formed partnerships with several high-profile individuals and corporate organisations, including US rapper Snoop Dogg, LG Technology Ventures, Samsung Next, and The Walking Dead.

The Sandbox's native token, SAND, has seen tremendous growth in value over the past few weeks due to its functionality and acceptance. The Sandbox forecast is based on historical data and predictive data modelling algorithms for future price projections. According to these projections, the Sandbox price prediction for 2025 suggests the crypto might hit $2.34. The long-term SAND forecast suggests that the Sandbox could be a promising investment as the metaverse gains traction in the crypto community.

However, it is important to note that cryptocurrency markets are highly volatile, and it is difficult to predict what a coin's price will be in a few hours, let alone make long-term estimates. As such, it is recommended to do your own research and look at the latest market trends, news, technical and fundamental analysis, and expert opinions before making any investment decisions.

The Sandbox's price history

The Sandbox (SAND) is a blockchain-based virtual world that allows users to create, build, buy, and sell digital assets in the form of a game. The Sandbox was founded in 2012 by Arthur Madrid and Sébastien Borget and was primarily a mobile platform, gathering over 40 million global installs on mobile devices.

2020:

The Sandbox's native token, SAND, was launched on 15 August 2020 at a price of BTC0.051029, which is considered its all-time low.

Late 2020:

Facebook's name change to Meta in October 2020 positively impacted the price of SAND. The token's value rose from $0.72 on 27 October to $2.73 by 30 October.

November 2021:

The Sandbox raised $93 million in funding from investors, including SoftBank, to scale its growth strategy. This news pushed the token's price to $3.22 on 3 November.

25 November 2021:

The Sandbox reached its all-time high of $8.44, a surge of over 16,000% from its launch price.

December 2021:

The Sandbox announced that players could purchase plots next to the one where Snoop Dogg was building his mansion, with a limited release of 1000 LANDS. This news had a minimal impact on the token's price, with SAND growing by just 2% from $6.58 on 1 December to $6.71 the following day.

Mid-December 2021:

Following a drop in Bitcoin and Ether prices, SAND fell by 29% to $4.78 by mid-December.

26 December 2021:

The Sandbox's partner, Canadian electronic music producer Deadmau5, announced the launch of his NFT collection on The Sandbox's marketplace, pushing the SAND token's price up to $6.73, a 41% increase from its 14 December low.

January 2022:

Snoop Dogg announced the launch of a series of Snoop Dogg metaverse avatars on The Sandbox, pushing the token's price up by 61.28% from $2.99 on 22 January to $4.81 on 8 February.

February 2022:

Partnerships with Gucci and Ubisoft could not offset the overall bearish market sentiment, and the token's price dropped to $3.11 on 22 February.

June 2022:

The cancellation of withdrawals on the Celsius (CEL) crypto lending platform confirmed the bear market, causing SAND to drop to $0.7379 on 18 June.

July 2022:

The Sandbox token price rose to $1.42 on 20 July.

August 2022:

The Sandbox crypto price fell below $1.

December 2022:

The Sandbox token ended the year at around $0.38.

January 2023:

The Sandbox token showed signs of recovery, trading at about $0.5135 on 9 January, up 12.98% in the past 24 hours.

September 2023:

The Sandbox's current price is around $0.25, with a 24-hour trading volume of over $55 million, representing a 16.60% increase from the previous day.

The Sandbox's future price predictions

The Sandbox's native token, SAND, has seen tremendous growth in value and functionality, along with acceptance in the market. The Sandbox is a community-driven platform that allows creators to monetise voxel assets and gaming experiences on the blockchain.

2024-2025

The Sandbox's price is predicted to be between $0.28 and $0.79, with an average trading price of $0.62 throughout 2024. In 2025, the lowest possible price of The Sandbox crypto might be around $0.77, and the highest price may be $2.34.

2026-2030

The Sandbox price is predicted to be between $0.59 and $1.07 in 2026, with an average of $0.77. By 2030, the minimum, average, and maximum prices of the SAND token may be around $13.12, $14.99, and $16.87, respectively.

2031-2035

In this period, the Sandbox price is predicted to rise further, with a minimum price of $3.69 in 2031 and a maximum of $4.55. By 2035, the maximum price of The Sandbox is expected to reach $31.52, with an average trading value of $26.18.

2040-2050

The Sandbox price prediction for 2040 indicates a maximum price of $153.67, with an average trading value of $134.73. By 2050, the average price of The Sandbox is projected to be $178.09, with a maximum of $198.58 and a minimum of $167.23.

It is important to note that these predictions are based on historical data and algorithms, and the highly volatile nature of the cryptocurrency market makes it difficult to predict prices accurately.

The Sandbox's partnerships

The Sandbox has formed partnerships with several high-profile individuals and corporate organisations. Some of these partners include US rapper Snoop Dogg, Adidas Originals, LG Technology Ventures, Samsung Next, The Walking Dead, The Smurfs, Liberty City Ventures, Galaxy Interactive, and French car giant Renault's Korean subsidiary.

In addition, The Sandbox has also partnered with:

• TIME to build 'TIME Square' in the metaverse
• Ledger Enterprise to secure enterprises in the metaverse
• LINE Studio
• Brinc and Animoca Brands to launch The Sandbox Metaverse Accelerator Program
• TourismX and the World Tourism Forum Institute to develop Tourismverse, a virtual neighbourhood hosted on the web3

The Sandbox's utility

The Sandbox is a community-driven platform that allows creators to monetise voxel assets and gaming experiences on the blockchain. In this virtual world, players can build, own, and monetise their gaming experiences using SAND tokens, the platform's utility tokens.

The Sandbox is a play-to-earn game that combines blockchain technology and non-fungible tokens (NFTs) in a three-dimensional (3D) metaverse. It focuses on user-generated content, which helps further develop the platform. The game was initially known as two separate mobile hits: The Sandbox, which was launched in 2011, and The Sandbox Evolution, which was launched in 2016. Together, the two games generated about 40 million downloads across the Android and iOS platforms.

The Sandbox is hosted on the Ethereum (ETH) network and is powered by its native token, SAND. Inspired by major game-creation systems such as Minecraft and Roblox, The Sandbox allows players not just to create their own worlds and games but also to have true ownership of their creations as NFTs. In exchange for participating and playing, players earn SAND tokens.

The game is split into three parts: VoxEdit, the Sandbox marketplace, and GAMEMAKER. In VoxEdit, players can create and animate 3D objects such as people, animals, tools, and foliage, which are then exported into The Sandbox's marketplace, where they become game assets and are sold as NFTs. In the Sandbox marketplace, users can upload, publish, and sell their assets as ERC-721 and ERC-1155 tokens. This launched on 30 March 2021.

In GAMEMAKER, players who own assets can use them to play the game itself. Players can place their assets within a piece of LAND (an ERC-721 token) that they own within The Sandbox. This LAND can be decorated with multiple assets that can be given predefined behaviours through visual scripting nodes. Thus, players are able to turn their LAND into a potential full game experience. Several LANDS can be combined by players to form an ESTATE.

The SAND token fuels the platform and can be earned by selling assets, by owning LAND, which can be rented or populated with content to increase its value, and/or by building and monetising games through the GAME MAKER function on the LANDS that are owned by players. SAND holders are granted governance and can exercise voting rights on key features within the project's roadmap.

Players can stake their SAND tokens to earn more. This is also the only way that players can earn the Gems and Catalysts needed for asset creation. Players get to keep 95% of their SAND revenue.

The Sandbox is a virtual metaverse built on the Ethereum blockchain, where players can build, own, and monetise their gaming experiences. The SAND token is an ERC-20 utility token used for value transfers, as well as staking and governance. There is a finite supply of 3,000,000,000 SAND.

The Sandbox's competitors

The Sandbox has many competitors, all of which are blockchain-based platforms that offer similar services. Here are some of The Sandbox's top competitors:

• Vault Hill: This company creates a human-centric, metaverse-driven blockchain. It offers a virtual world where users can socialise, play, and create.
• Upland: Upland is an online property-trading game built on blockchain technology. It allows players to buy, sell, trade, and develop virtual real estate based on real-world locations.
• Decentraland: Decentraland is a virtual world platform that focuses on user-generated content and experiences within the metaverse. It offers tools and applications for creating 3D content, games, and applications, all accessible on a decentralised VR platform.
• Digital Entertainment Asset: This company integrates Web3 technology with the gaming and advertising industries, offering a unique entertainment experience.
• Planetarium Labs: This is a community-driven company that focuses on Web 3 gaming. It offers a core library set for powering fully decentralised, serverless, peer-to-peer games.
• Mona: Mona is a 3D world-building platform and social network operating within the blockchain and metaverse sectors. It enables users to create, collect, and share in a virtual world.
• Bullieverse: This is a Web3 native entertainment brand that creates interactive games, art, and digital social experiences within the blockchain domain.
• Highstreet: Highstreet focuses on the intersection of retail and gaming within the metaverse industry. It offers a platform where users can play games, earn rewards, and shop for virtual and real-world items.
• Axie Marketplace: This is a marketplace where users can trade tokens earned through playing Axie Infinity.
• Sky Mavis: Sky Mavis is a technology company focused on blockchain gaming and infrastructure development. They offer a blockchain-based game featuring collectible creatures and a custom blockchain platform for game developers.

These competitors offer similar features to The Sandbox, such as the ability to create and monetise virtual content, own virtual land, and socialise within a metaverse environment.

Frequently asked questions