Buy The Sandbox (SAND)
What is The Sandbox?
The Sandbox is a virtual world and gaming platform built on blockchain technology. It empowers users to create, own, and monetize their gaming experiences and virtual assets within a decentralized virtual world. The platform aims to revolutionise the gaming industry by leveraging blockchain technology and non-fungible tokens (NFTs) to provide true ownership of creations.
How does The Sandbox work?
The Sandbox operates on the Ethereum blockchain, using a Proof-of-Stake consensus mechanism. It employs ERC-20 utility tokens and Non-Fungible Tokens (NFTs) for managing in-game assets. Smart contracts facilitate decentralized storage and execution of in-game transactions and governance. A custom Unity engine integrates blockchain capabilities directly into the game, enabling a decentralized virtual world where players can build, own, and monetize their experiences.
What are the potential use cases for The Sandbox?
The Sandbox offers various use cases including:
- Buying and selling virtual land (LAND) and assets.
- Enjoying play-to-earn (P2E) gaming experiences.
- Staking SAND tokens to earn rewards.
- Participating in contests and decentralized governance. Its real-world applications span virtual real estate development, user-generated content creation, blockchain-integrated gaming, virtual events, education, and retail experiences. Notable partnerships with companies like Atari and artists enhance these use cases.
What is the history of The Sandbox?
The Sandbox was co-founded by Arthur Madrid and Sébastien Borget. It transitioned from mobile gaming to a blockchain-based ecosystem in 2018, aiming to provide creators with genuine ownership of their creations as NFTs. The platform launched with its Game Maker tool, formed strategic partnerships, and conducted successful token sales to support its growth. Significant milestones include the integration of user-generated content, hosting over 1,000 user-generated experiences, and releasing alpha seasons for web3 gaming experiences. The Sandbox has evolved through strategic collaborations, feature enhancements, and community engagement to establish itself as a leader in the blockchain gaming industry.
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Frequently Asked Questions (FAQs)
What is the current price of The Sandbox (SAND)?
The The Sandbox price is $0.91741075 AUD, representing a -4.28% from the day prior.
Where is the best place to buy The Sandbox (SAND) in Australia?
The best place to buy The Sandbox (SAND) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell The Sandbox (SAND) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of The Sandbox (SAND)?
The trading volume of The Sandbox (SAND) is $776.1M AUD in the last 24hrs, representing a -4.28% from the day prior.
How can I buy The Sandbox (SAND)?
The Sandbox (SAND) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of The Sandbox (SAND)?
The current market cap of The Sandbox (SAND) is $2.2B AUD.
Can I convert The Sandbox (SAND) to cash?
Yes - With Coinstash you can convert your The Sandbox (SAND) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many The Sandbox (SAND) are there?
The current circulating supply of The Sandbox (SAND) is 2.4B.
Is Coinstash a safe place to buy The Sandbox (SAND) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling The Sandbox (SAND) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.