The Sandbox
The Sandbox is a metaverse game that uses blockchain technology to empower players and give them complete control over the game and any assets they accrue.
The game is composed of pieces of finite digital real estate called LAND. Like real estate in the real world, LAND can be used to erect buildings or games or other digital experiences. LAND and other assets in The Sandbox are non-fungible tokens (NFTs).
Background
The Sandbox game was initially released on May 15, 2012 on mobile platforms and in January 2018, the Sandbox project started developing a new 3D, multiplayer form version of the game using Ethereum. The goal was to encourage players to create their own unique digital worlds. Although that aspect of the game has lived on, Hong Kong investor and video game software company Animoca Brands purchased The Sandbox in 2018, pivoting the game toward blockchain and NFTs.
Launch
While the Sandbox project was officially established in 2012, the SAND token launched much later, with an ICO in August 2020.
How does it work?
SAND is an ERC-20 native utility token that can be used to play games, purchase equipment or customize avatars. Users can earn the token while playing the game. SAND is also a governance token, meaning that users who hold the token can vote on decisions affecting the future of the game.
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