NFT-based games went through a bona fine explosion within the blockchain technology landscape: the metaverse is expanding, and everybody wants in. In many ways, Sandbox has been a pioneering project within blockchain gaming sphere; do the users appreciate it in a way that translates into value? Read the SAND coin price prediction to find out.
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The Sandbox Fundamental Analysis
Sandbox is a community-driven Ethereum-based platform where users are allowed to create a virtual world, play there, govern it and even monetize their experience. It is a virtual metaverse, where user-created voxel game assets can also become NFTs. The user needs to create voxel assets that later can become NFTs. The metaverse also includes the gamemaker represented as a visual scripting tool board, allowing anyone to build 3D games for free.
The project was launched back in 2011 by Pixowl and combines the powers of a decentralized autonomous organization (DAO) and NFTs providing a unique gaming experience. According to the Whitepaper, the goal of the project is to introduce blockchain technology to a wider audience. The developers work on the play-to-earn concept allowing players to be also the game creators.
The creators see the gaming market as still untapped for the blockchain. Sandbox took a lead in exploring and conquering this market with an intention to revolutionize it. So the game focuses on the user-created content. The game has a limited amount of LANDS (166 000), the blocks Metaverse is built on, which allow it to create and play.
By allowing the players to create the content, Sandbox creates a community of involved players contributing to the platform’s development.
Sand is an ERC-20 utility token powering the platform. It’s used for transactions and any other basic interactions. Holding SAND gives the users access to the building, owning, and monetizing the gaming experience on the Ethereum network. The access to governance allows players to decide the future of the project and suggest their own ideas, concepts, and views.
The total supply of Sand tokens is 3 billion coins, circulating supply is 705 million tokens. Out of the total supply, 25.82% is allocated to the company reserve, 17.18% was sent to the seed sale and 12% to the Binance Launchpad Sale, and 10% is distributed to project advisors. The game has attracted interest from pioneers in the crypto gaming industry, such as Crypto Kitties, Atari, and Helix.
The Sandbox Live Price Chart
Price Live Chart
Sand token showed significant growth compared to the last year as it increased its value by over 7000% in 12 months. The dynamics were not completely positive throughout the whole year. The price kept rising from the beginning of the year, adding 133% of value in January, 162% in February, and more than 250% in March.
From April the token price synchronized with the bearish trends of the whole crypto market and started to lose in its value. Despite that, the losses were much smaller than previous gains, and in July SAND price started to rise again. The tendency twisted in September reaching its minimum level of $0.5, but in October the token started to recover and just recently experienced the all-time high of $3.21 on November 3. Currently, the price is being corrected and stays at the level of $2.5-$2.7 with slight changes during the day.