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SAND Project Metaverse Or Just A Thrill.
Did you know that there are more than 3.2 billion gamers worldwide, not only are they fond of spending between 100 to 200 dollars a year on games, it can be said that there is a lot of money in the gaming industry and several cryptocurrencies are competing for money. market share of the industry.
This is one of them is The Sandbox whose Sand tokens rose rapidly after Facebook announced the metaverse plan at the end of last October, today let's talk about what The Sandbox is, what things they are doing and let's talk about the potential of Sandbox in the future.
If you don't know what Sandbox is, here's what we need to understand. Sandbox was founded in 2012 by Sebastian Bookye and Abdul Madrid, the sandbox was created by a software company based in San Francisco.
Sandbox started out as a two-dimensional mobile game, where users can build their own virtual world, the sandbox has amassed over 40 million users and is still available on mobile as a sandbox evaluation following the 2017 marketcrypto bull.
Vega announced its plans to turn the sandbox into a 3D game built on Etherium with every in-game item being NFC, in 2018 it was acquired by Animoca Branch a software company based in Hong Kong, focused on Blockchain digital entertainment and Ification games.
As part of this acquisition, Animoca Branch then brought in TSB gaming remage, a Malta-based software company to work on a crypto sandbox version. The development of the sandbox is coordinated by sandbox soundation and consists of more than 100 people in 32 different countries, sandbox raised about 7 million dollars from three Sand token sales in 2019 and 2020 and they raised another million dollars from some land sale or other since 2019.
This virtual sandbox world consists of 166 thousand plots of land called Land, this Land is a token with the Yarsi 721 standard for NFC in Etherium crypto online can be grouped into several lands owned by one person or districts with two or more people. Some of the other sandboxes are owned by companies such as Binanance, coinmarketcap, Katari and so on.
Other posts can be customized using for photo editing also used to create other FB game assets, can also be monetized by renting or by presenting missions that can be created using the game sandbox and other assets can also be bought and sold in the nfc sandbox market lock.
This token itself is a Years token, namely Etherium and the currency in this game, sand gives governance rights to its holder and sand tokens can even be staked for additional prizes. Sandbox is currently still in close beta and Alfa's public rollout may be at the end of the year, sandbox update in October 2020. Shoes buys a large enough land in the sandbox to create a virtual ceiling for its community to come together, it's a project that brings vento kinds for some famous football teams.
Sandbox held another sale to the public with coinmarketcap as partner, broke record NFT sales with nearly $3 million in revenue at the end of March, sandbox released a local public beta of its energy market making it fourth place by trading volume.
Sandbox has done an oxlade update to allow seamless creation of game assets, there are 15 thousand assets that have been created by the Sandbox community so far then at the end of June they announced an initiative to reduce their carbon footprint Up to 99 percent. This includes buying carbon credits planting trees and integrating with Polygon using proof of stake holders.
In July they announced a partnership with Skype Bound Entertainment, comic book and TV show company The Walking Dead, to bring Zombie to this metal version. The Walking Dead was given a large plot of land and the sandbox sold the nearby NFC land so fans and gamers could get as close to their beloved brand as possible.
Then in August sandbox also announced a partnership with an e-sports project called blackfan to teach virtual football and other sports into the sandbox, in September sandbox bought NST bode for around three million dollars, sandbox happens to have a large collection of community-owned NSPs worth more than 14 million dollars.
Snoop.dog has also grown its flag by creating a virtual house and even selling 1000 tickets to its private virtual party, in October you can announce that they are looking to increase their investment into blockchain games with a particular focus on the Animoca branch which acquired the sandbox.
Earlier this November the sandbox announced that they had Raising $93 million in softbank-led funding, they are one of the world's largest investment firms and the sixth largest publicly traded company in Japan. And recently there's also a partnership between Adidas and sandbox, so all this news when combined with Facebook into Meta, all brings sand tokens flying to the moon.
Sand price analysis like you guys It seems quite an exaggeration, but it didn't fall as fast as one might think, this is for several reasons firstly the NST sandbox is the most traded NFC collection. Many of these purchases use token sand which creates a demand from people who want to buy these tokens.
Then the second sandbox was at the lower end of the top 100 ranking, which means the market was still relatively medium and needed less money to push, the price of tokens at that time compared to cryptos with larger markets like Infinity Action.
The third tokenomy exchange is quite strong I have a maximum supply of several billion, a strong initial distribution scheme and an evenly distributed fasting schedule, we have just experienced another vesting limit for December 300 million or consent is opened and may be circulating in the market. Right now the last vesting was in July and it seems to be pushing the price down when, it's either the same thing will happen this month or not.
Then the fourth factor may have something to do with the speculation of the sandbox roadmap, the sandbox roadmap has not yet opened its virtual world to the public, currently it should occur in the first half of 2021, but the deadline may be pushed back because the sandbox plan to launch in Polygon is scheduled to occur in the fourth quarter of 2021. .
Meaning from now until the end of this year brunettes unbox noted that this integration would include Defi plugging and NFT market relocation, the sandbox roadmap also says that the meta world version will open gradually in early 2022 in the middle of next year. Sandbox hopes to establish Deal and the sandbox indicates that the deep architecture is nearing completion by the end of next year. Sandbox hopes to bring a new, better virtual world to mobile users.
December Sensitivity wants to follow in Minecraft's footsteps by bringing virtual worlds to consoles like the XBox and PlayStation in late 2002, aiming to have 5000 games available in its virtual worlds and a number of those games already receiving funding from the sandbox foundation. The focus of these games is flight UN because it is a model that has proven to attract hundreds of thousands of users, just look at the evidence with xInfinity although it is not mentioned in the sandbox roadmap also hopes to create a virtual economy according to the comments.
This means there will be various jobs in the game, where you can make real money similar to the way people can now play ruled in decentraland casinos, there is one more thing but that caught Sebastian's attention, was able to say 100% flitto consent would be held by the community in time three to five years.
What this means, means that the company's advisory team and institutions are all planning to sell their sand tokens between now and then, so we end up wondering how the sandbox will be. The time for the last token to be released sandbox concerns apart from the very short fasting schedule and consequently to the sustainability of the sandbox project it could be difficult at launch, this is because the Hip sensation has been around for over three years and sandbox now has a huge community waiting to explore its virtual world.
This is amazingly good but also a huge hurdle for developers who have to really make sure Polygon's fake sandbox and smartphone websites are ready to handle everyone's load, then the matter of centralizing the sandbox foundation still retaining full control of the project, of course It's a big way to start but the problem is that this level of control means token sand is unlikely to be listed on coinbase listings in its current form, at least in the near future.
Since sand can be seen as similar to securities in that it is a company given that a lot of the money in this second market comes from the United States, it means that Sand tokens may not fly as high as they should during this month, simply because the tokens are still out of reach of US investors. There is another concern that is almost the same as other metavers, and that is related to financial action sachse or FW, namely the crypto economy in the game, as we might see there is a sandbox that requires VC if
this kind of regulation in effect may limit sandbox adoption and Sand token price movement.
in conclusion sandbox is an interesting metaverse project, I think there is a lot of potential in this sector of the crypto industry, but again this is hard to say, must be because the world the metavers sandbox still hasn't launched yet obviously there's still a lot of work to be done, the longer the delay the higher the chances of another upcoming competitor claiming the position.
Sand is the main competitor and it's funny to see that the token sandbox architecture is almost similar to sand if decentraland is indeed imitated then it's clear that they are a formidable competitor. Then there is one big advantage that sandbox has over decentraland and that is the experience of the sandbox team, having decades of experience in the gaming industry. Sebastian Bounce and Arrange Madrid realized what they needed to do to drive adoption, they were very focused on marketing and advertising and partnerships both at home and abroad.
That's how they get 40 million users and that's how they get the next 40 million, the huge amount of funding that the sandbox recently received will definitely help their initiative, this project also received attention from game companies like ubisoft, adding more confidence to the project. Indeed there are risks and concerns as I discussed earlier, but maybe they can handle everything on time but you guys need to understand that no crypto project is perfect overall.
I'm very interested in seeing the future of metavers projects like this sandbox. What do you guys think...? Have any of you benefited from the increase in the token sand price yesterday? Share your thoughts on this project in the comments.