The Sandbox (SAND) is an Ethereum blockchain platform designed to help players monetize their gaming experiences.
They built the Sandbox as a virtual world where players can own, create, and monetize gaming experiences. Players pay for the experiences using the SAND (SAND) ERC-20 utility token. They also use the SAND token for staking and governance on the Sandbox.
Players can create virtual assets; such as Non-Fungible Tokens (NFTs). and upload them to the Sandbox’s Marketplace. Users can integrate the NFTs into games with the Sandbox’s Game Maker. Game Maker is a virtual scripting toolbox designed to help anybody build games for free.
Welcome to Sandbox’s Virtual World
The Sandbox offers VoxEdit. To explain, VoxEdit is software that creates Voxel assets. Users can turn the Voxel Assets into NFTs they can upload to the Sandbox Marketplace.
You can also buy virtual real estate they call LAND in Sandbox’s LAND sales. The hope that is Sandbox real estate developers can make money renting or populating the LAND to other players.In addition, users can build and monetize games through the Game Maker and play the games on the LANDs.
The Sandbox uses the ERC-1775 protocol to initiate transactions on the Ethereum blockchain. They claim the Sandbox will pay the Ethereum gas fees. The Sandbox platform will make money by taking a 50% cut of all SAND transaction volume, collected from LAND sales, Premium NFT sales, transaction fees and subscription services.
The Sandbox is trying to make money with some commercial games. For example, the Sandbox is offering games based on the popular American TV series and comic book The Walking Dead.
How Much money can the Sandbox (SAND) make?
They built the Sandbox (SAND) to cash in on a lucrative industry: gaming. Notably, Statista estimates worldwide global mobile market revenue was $90.7 billion in 2021.
Similarly, worldwide console gaming revenues were $49.2 billion in 2021 and global PC gaming revenues were $35.9 billion in 2021, Statista estimates. I estimate value of the global industry in 2021 at $175.8 billion. I base my computation on Statista’s data.
Thus, the Sandbox could enter an enormous market that is a proven moneymaker. Moreover, the Sandbox has plans to make money from that market.
What Does Sandbox mean?
In case you are wondering, the term Sandbox refers to an old military tool. A sandbox, or sand table, was a board with sand on it where officers plotted strategy with models or toy soldiers. Hence, a Sandbox was a low-tech version of virtual reality.
The term Sandbox is also used to describe virtual testing platforms for digital products, such as cryptocurrencies. Hence, a good way to think of the Sandbox is as a virtual testing platform for games and gaming tools that anybody can participate in.
What Value does the SAND (SAND) Token have?
There is considerable interest in the Sandbox and the SAND token. CoinMarketCap estimates Sandbox (SAND) was the third most trending token on 10 September 2021, for example.
Conversely, CoinMarketCap estimated the Sandbox was the 113th most valuable cryptocurrency on 13 September 2021. On that day, CoinMarketCap gave the Sandbox a 74.9₵ Coin Price, a $668.314 million Market Cap, a $2.247 billion Fully Diluted Market Capitalization, and a 24-Hour Market Volume of $193.682 million on 13 September 2021. They base those numbers on a Circulating Supply of 892.456 million SAND, a Maximum Supply of three billion SAND and a Total Supply of three billion SAND.
In comparison, Coinbase gave SAND (SAND) a 75₵ Coin Price, a $668.3 million Market Cap and a $193.7 million 24-Hour Market Volume on 13 September 2021.
Finally, I think the Sandbox (SAND) is a cryptocurrency and platform to watch. Theoretically, the Sandbox could make enormous amounts of money from its platform, if the platform works as advertised.
Originally published at https://marketmadhouse.com on September 13, 2021.
 cash in on Gaming Experiences?){kind=link}