What is The Sandbox?
The Sandbox was launched in 2011 by Pixowl, a mobile game development company, this is a Metaverse game built on the Ethereum blockchain, players will participate in building a unique virtual world; own and monetize SAND token – the governance token of the platform. The Sandbox is built as a virtual game ecosystem, allowing users to role-play and experience the game in the most authentic way.
By combining the power of decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) and Metaverse, The Sandbox provides users with a seamless experience of entering the world. The virtual reality of The Sandbox, while creating a decentralized platform for a thriving gaming community.
Sandbox’s vision is to bring blockchain into the gaming industry, attracting both crypto enthusiasts and gamers by offering advantages such as: real ownership, rare digital assets, creation potential profitability and engagement.
What is The Sandbox’s Birth Purpose?
The problem posed
The main problem that The Sandbox (SAND) poses is the “Unequal division of value between parties”.
In the current Game market, ownership is concentrated in the hands of Game publishers, who control transactions of virtual goods created by players that limit the creativity of players.
In addition, Control of User Generated Content is limited, they are easy to copy and difficult to prove ownership of creation.
Solutions to this problem
The solution that Sandbox (SAND) offers is to build a gaming platform on the Ethereum Blockchain where creators can create, play, share, collect, and trade without being controlled by the Game publisher.
In addition, players can own a secure copyright with the ability to earn cryptocurrency (SAND). Ownership of this copyright will be established and secured through the use of the NFT Token, where every item in the game will have an identifier on the Ethereum blockchain.
What’s outstanding about The Sandbox?
- Decentralization: All game assets correspond to NFT tokens, ensuring true ownership for players and collectors. SAND will be primarily used for gaming, staking, and system rewards as well as a governance mechanism that will promote decentralization and allow users to govern the platform.
- LAND Pre-sale: Users won a spot in the virtual gaming world platform in the first round of pre-sale since December 2019, some sold out in minutes and brought in over $1 million in sales; The total value of Sandbox is expected to reach more than 20 million USD.
- Governance: LAND holders will be able to participate in the governance decisions of the platform through the DAO mechanism, where they can exercise their right to vote on key elements of the Sandbox ecosystem.
- Funding: The role of the foundation is to support the Sandbox ecosystem, and promote the creation of high-quality content & game production on the platform. To date, the Foundation has funded more than 15 game projects and helped 100 artists create the NFTs that will be available at the official launch in December 2020.
- Community Support: Over 15,000 users have connected their wallets to the project. A community of more than 750,000 users following support across platforms such as Facebook, Discord, Telegram…
An ecosystem of The Sandbox
The Sandbox is an ecosystem for Players and Creators consisting of 3 components:
- VoxEdit: This is a 3D model that allows users to create 3D animated objects such as people, animals, or tools. Voxels, which correspond to a 3D pixel, can be easily managed by VoxEdit to generate ASSETS.
- Marketplace: Marketplace allows users to post, publicize and sell ASSETS created on VoxEdit. ASSETS can be sold by posting on Marketplace.
- Game: Sandbox’s Game Maker allows players to build 3D games at no cost. With the help of technology, build multi-dimensional images that do not require programming skills.
LAND Token
LANDS are blockchain-backed tokens (using the ERC-721 standard for NFT) that represent the “parcel” of The Sandbox Metaverse. They allow the player to own a portion of the Metaverse and can be used to store content (assets and GAMES).
The Metaverse Sandbox is based on the 166,464 LANDS map (408 * 408). LANDS is a virtual space in the Metaverse owned by players to create and monetize games. LANDS is used to publish your game and can be rented to game creators. Each LAND comes with a set of pre-built terrains, but it can be formatted and modified by the user that owns it (or other players they invite to work on it).
In the future, players will be able to combine LANDS together to form ESTATES, ESTATES will have the potential to be owned by multiple players to form in-game COUNTRIES.
Users can earn extra income by:
- Sell ASSET: Users can create and sell ASSET on the market as NFT.
- Own LAND: Buy LAND in LAND sales. Players can then rent them or include them in the product to increase the value of the LAND.
- Build games on Game Maker and monetize them
Avatar
Simply understood as the user’s avatar image in the Game, the user can Build it, for the Equipment face (ASSETS). LAND can be used to make the Avatar look more beautiful and cool.
Sandbox Metaverse Alpha
The virtual world of Sandbox allows users to monetize their Metaverse time through a Play-to-earn model. Players can purchase land and generate NFTs in the game, and earn Sandbox tokens (SAND) by completing various quests. Besides, players can also stake tokens. According to the announcement, the event will open on November 29 at 1 p.m. UTC and will run until December 20. Only 5000 users have a chance to win up to 1,000 SAND (worth around $3,500 at current prices) and 3 exclusive NFTs for 18 experiences developed by The Sandbox team.
SAND Token
What is SAND Token?
SAND is an ERC-20 convenience token, which is an asset used to make transactions, convert profits as well as staking and administer the entire Sandbox ecosystem as the basis for transactions and interactions. Holders of this token can stake it and benefit from the staking rewards.
SAND has a finite supply of 3,000,000,000 Tokens
Basic Functions of SAND
Join The Sandbox Network: Players spend SAND to play games, buy equipment, or customize their Avatar character. Creators spend SAND to get in-game NFT tokens like LAND, ESTATE, and Staking Coins.
Transaction value as currency: Users can use SAND to trade, hold
Means of Transaction:
- Gamers collect SAND through the game and use them to buy items, and customize characters,… in the game
- Artists spend SAND to upload songs, and art products to Marketplace and buy GEM to confirm the rarity of the product
Network Governance: SAND holders have access to choices of network governance, vote or consent to vote
Staking: Users have the ability to stake SAND to earn rewards, as well as stake GEM and CATALYST to generate coins.
Fee Capture Model: 5% of all trade volume made with SAND (Transaction Fees) will be Reallocated; with 50% for the Staking Pool as a reward for the holders who staked SAND and 50% for the founding Pool.
SAND. Allocation Plan
- Company Reserve: accounted for 25.82% of the total supply.
- Team: 19% of the total supply.
- Seed Sale: accounted for 17.18% of the total supply.
- Foundation: 12% of the total supply.
- Binance Launchpad Sale: 12% of the total supply.
- Advisors: 10% of the total supply.
- Strategic Sale: 4% of the total supply.
Roadmap
| Date | Milestones |
| 4 / 2018 | VoxEdit announces alpha version and Creators Fund |
| 4 / 2019 | LAND token presale VoxEdit Beta Announced Announcing the personal version of Game Maker alpha |
| 1 / 2020 | LAND token presale VoxEdit Beta Announced Announcing the personal version of Game Maker alpha |
| 2 / 2020 | LAND token presale VoxEdit Beta Announced Announcing the personal version of Game Maker alpha |
| 3/ 2020 | Public release of Game Maker beta. Launch presale of 4 LAND tokens Release of a Marketplace upgrade. Sandbox Game Public Beta Launch Launching the mechanism to earn tokens when playing games Released multiplayer mode in the game. Launch regular LAND token sale. Released VoxEdit 1.0. |
| 4 /2020 | Public release of Game Maker beta. Launch presale of 4 LAND tokens Release of a Marketplace upgrade. Sandbox Game Public Beta Launch Launching the mechanism to earn tokens when playing games Released multiplayer mode in the game. Launch regular LAND token sale. Released VoxEdit 1.0. |
| 2021 | Partnerships – New IP and premium NFT to be announced Foundation – Launch of the DAO Foundation with SAND’s contribution to vote for the Management Creators Fund Game Maker – Official 1.0 release and major updates with more game packs, Behavior and Visual Scripting Game – Official 1.0 release and major updates LAND Public sale – Regular LANDS sale will continue Events – Extras with great rewards to earn Multi-platforms – Availability of the game on smartphone and tablet devices Multiplayer – The first user-generated game with multiplayer modes SAND – Fixed mechanism for profit generation and management Partnerships: New IPs and premium NFTs to be announced Games Platform: More than 1,000 games available Multi-platforms: Console game availability LAND Public sale – LANDS sale will continue to be deployed regularly Game Maker: create games with friends, Write custom scenarios, plus launch major updates with more game packs. Events: Added rewards for players to collect. |
| 2022 | Partnerships – New IP and premium NFT to be announced Foundation – Launch of the DAO Foundation with SAND’s contribution to vote for the Management Creators Fund Game Maker – Official 1.0 release and major updates with more game packs, Behavior and Visual Scripting Game – Official 1.0 release and major updates LAND Public sale – Regular LANDS sale will continue Events – Extras with great rewards to earn Multi-platforms – Availability of the game on smartphone and tablet devices Multiplayer – The first user-generated game with multiplayer modes SAND – Fixed mechanism for profit generation and management Partnerships: New IPs and premium NFTs to be announced Games Platform: More than 1,000 games available Multi-platforms: Console game availability LAND Public sale – LANDS sale will continue to be deployed regularly Game Maker: create games with friends, Write custom scenarios, plus launch major updates with more game packs. Events: Added rewards for players to collect. |
Researching about founder team and partners
Founding team
Team’s personnel are not cross-legged but have worked together and have experience working at companies related to games or Blockchain, they are video-game experts from AAA companies and other companies. Leading blockchain engineer creates standard token ERC-1155. Moreover, the Sandbox team has developed 2 mobile games with over 40 million downloads. The team includes:
- Arthur Madrid (CEO & Co-Founder): Co-Founder and CEO of Pixowl, Member of the Board of Directors of Animoca Brands.
- Sebastien Borget (COO & Co-founder): Co-founder and COO of Pixowl, former COO of Wixi Inc and 1-Click Media Networks, president of Blockchain Game Alliance.
- Lucas Shrewsberry (CTO): CTO of Pixowl, former Head of Engineering at Gameloft.
- Marcelo Santurio (CFO): Former Head of BD at Partypoker LIVE, Co-Founder and CEO of Segulink.com, CEO of Convergia.
Partner
Along with the rise of blockchain gaming and NFT, The Sandbox has grown rapidly this year and now has more than 500,000 users. It has 166,464 plots of land and 12,000 unique virtual land owners, with prominent owners including crypto exchange Binance, Hong Kong newspaper South China Morning Post and the Winklevoss twins. Here are some typical Sandbox partnerships:
- Atari: A video game company founded in 1972. Atari presents its games and content in the virtual world of The Sandbox gaming.
- SBS Game Academy: A video game educational institution in South Korea. SBS Game Academy will develop a curriculum about The Sandbox Game Maker.
- Shaun the Sheep: This is an animated series with its own series and two feature films. Shaun the Sheep cartoon characters will be ported to The Sandbox as ASSET on the platform.
- Matic Network: A famous decentralized ecosystem. Matic Network will collaborate with The Sandbox team to deliver faster transaction speeds and a better UI/UX experience on The Sandbox platform.
- South China Morning Post: A global news organization based in Hong Kong, to bring a series of authentic new cultural experiences to The Sandbox’s open game supermarket.
Sandbox has also partnered with over 165 brands, including Snoop Dogg, The Walking Dead, The Smurfs, Care Bears, CertiK, Solidified, and Adidas to create voxelized versions of their worlds and characters in The Sandbox. The platform has generated $144 million in gross lifetime merchandise value (GMV), according to a media release.
In Conclusion
On November 2, The Sandbox announced that the project had successfully completed a $93 million Series B funding round led by SoftBank Vision Fund 2.
According to the team behind The Sandbox, the funds will be used to help expand the ecosystem’s growth, operations, and player acquisition strategy “while sending a clear statement that the world’s most innovative fund trust in Web3 and decentralization is the next major trend.”
These plans include the addition of new games, live performances and social experiences to encourage community engagement and create a friendly monetization environment for creators, merchants, and creators. trademarks and intellectual property.
With ongoing developments and upgrades in the Sandbox ecosystem, it is likely that the platform will still attract a large number of participants to the network. Recent data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.70 on October 27, the price of The Sandbox’s native token, SAND, has surged 393% higher to hit an all-time high of $3.45 on November 3, and its 24-hour trading volume grew to $9 billion. Therefore, this is an NFT project that is quite worthy for investors to think about.
