Price Data, Market Cap & News for The Sandbox ($SAND) Cryptocurrency

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An Overview of The Sandbox

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Overview of The Sandbox

A Brief Introduction to The Sandbox

The Sandbox is a unique, blockchain-based virtual world that was launched in 2011 by Pixowl. It allows users to create, build, buy, and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), The Sandbox creates a decentralized platform for a thriving gaming community. Its main mission is to introduce blockchain technology in mainstream gaming successfully.

The Creators and Major Contributors

The Sandbox was created by Arthur Madrid and Sebastien Borget, the co-founders of Pixowl. Madrid, who serves as the CEO, and Borget, the COO, have been an entrepreneurial duo since 2011. They have been continually working on projects together, with The Sandbox being one of their most significant ventures.

Token Supply

The Sandbox employs the SAND utility token, which facilitates transactions on the platform. There is a maximum and total supply of 3,000,000,000 SAND tokens. Currently, about 680,266,194 SAND tokens are in active circulation, which represents 23% of the total supply available as of March 2021.

Purchase Locations

The Sandbox is gaining interest from both investors and users, and more exchanges have started offering trades with the SAND token. Binance has the largest trading volume of SAND/BUSD, with $7,015,941 processed in transactions so far as of March 2021. Other options for buying SAND include Uniswap (V2),, and LATOKEN.

Common Uses

The Sandbox is primarily used for gaming, with a focus on user-generated content. It creates a metaverse of involved players who contribute to the platform’s further development. The SAND token is used for transactions on the platform, promoting decentralized governance and allowing users to share their views and ideas about the development of the project.

Latest News and Developments

The Sandbox has been making significant strides in the gaming industry. It has attracted support and investments from numerous big names in the gaming industry, including brands like Atari, Helix, and CryptoKitties. The Sandbox is also secured by the proof-of-stake (PoS) consensus mechanism, which allows for diverse applications while still ensuring the security of staked funds.

Furthermore, The Sandbox has developed a set of tools called Game Maker, which allows users to create and test 3D games on their LAND using ASSETS. It also launched The Sandbox Marketplace in spring 2021, an NFT marketplace where players can upload, release, and sell their NFT creations (ASSETS) with SAND tokens.

New Partnerships and Collaborations

The Sandbox, a decentralized gaming world, has been making waves with a series of high-profile collaborations. The beloved Smurfs are set to make an appearance in the game, occupying 11.5% of the total map. This move comes as part of a partnership with Animoca Brands, the parent company of The Sandbox. The platform has also teamed up with Paris Hilton, who will be recreating her Malibu Mansion in the virtual world. In addition, the reality TV show 'Hell's Kitchen' by Gordon Ramsay is set to be featured in The Sandbox, offering interactive culinary experiences.

Expansion and Investment

The Sandbox has been expanding its footprint, with its first-ever pop-up presence in Hong Kong. It has also attracted significant investment, with Paris-based creative agency Al Dente acquiring a plot in the metaverse. The platform has also entered into an investment agreement with Index Games to support the latter's development in the metaverse.

Community Engagement and Events

The Sandbox has been actively engaging its community with various events. To celebrate the 20th anniversary of Ragnarok Online, a Game Jam event was held to create interactive content. The Sandbox Alpha Season 3 has also launched, offering over 90 game experiences and more than 200 NFTs for sale.

Regulatory Milestones

In a significant regulatory milestone, The Sandbox's SAND token has become the first metaverse cryptocurrency to be listed in Japan, available to Japanese citizens through Coincheck. This development took almost two years to materialize, demonstrating the platform's commitment to regulatory compliance.