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01:22 Veono Technologies
02:52 What is The Sandbox
04:33 LAND is a Big Deal
06:43 Why SAND Has Value
08:05 SAND Price Surge
08:58 Price Predictions


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Disclaimer: None of the information in this video should be
considered as advice. This video was made for entertainment
purposes only.

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain.

The Sandbox is best known for its two mobile hits The Sandbox (2011) and The Sandbox Evolution (2016), which combined generated 40 million downloads across iOS and Android. In 2018, developer/Publisher Pixowl decided to bring this successful User Generated Content gaming IP and large community of creators from mobile to the blockchain ecosystem. User generated content, meaning you’re creating the content in this ecosystem.

The Sandbox blockchain gaming platform consists of three integrated products that together provide a comprehensive experience for user-generated content.

The combined products further benefit users by allowing them to secure copyright ownership for their user-created content through blockchain and smart contracts.

The Sandbox ecosystem features an asset creation tool called Voxedit for producing non-fungible tokens (NFTs) to be used in the game which acts as an NFT marketplace for creators to trade their assests.

The Sandbox uses several token types to ensure a circular economy between all the types of users who will interact with the platform: players, creators, curators, and land owners.

In the Sandbox, a LAND is a digital piece of real estate in The Sandbox metaverse that players buy to build interactive experiences. Once you own a LAND, you are able to populate it with Games and Assets. Each LAND is a unique (non-fungible) token lying on the public Ethereum blockchain (ERC-721). So yes, you literally own that piece of virtual real estate.

A capped total of 166,464 LANDS will exist within The Sandbox, each contained in a map that forms The Sandbox metaverse. The fact there is a cap on Land makes it similar to what we have now in the real world and it makes it more valuable. Scarcity creates value.

Each LAND comprises 96 x 96 meters in the game world — just big enough to enable all types of blockchain game experiences, but not too large to be unmanageable by a single person.

Or if you’re rich enough, you can own an ESTATE: An ESTATE is the combination of multiple LANDS. Here is where the potential for teams of creators lies to create larger and more immersive online experiences. Imagine if you own land where an estate is trying to be built. Again value, and the dynamic is similar to how it is in the real universe.

I think that’s within the NFT marketplace and LAND ownership, But let’s move on to the native token in the sandbox, and that is SAND and let’s discuss what gives it value.

1st, Access The Sandbox platform, you will need SAND to do just about anything. Customize your avatar, acquire assets, LAND, etc.

2nd SAND is a governance token that allows holders to participate in Governance decisions on the platform.

3rd, SAND allows for staking, which provides passive revenues on LANDS.

4th Fee Capture model = 5% of all transaction volume carried out in SAND tokens (Transaction Fees)
shall be allocated with 50% to the Staking Pool as rewards for token holders that Stake SAND
tokens and 50% to the ''Foundation.''

5th and lastly The Foundation: The role of the Foundation is to support the ecosystem of The Sandbox, offering
grants to incentivize high quality content & game production on the platform.

The Sandbox, has surged by over 36% following the announcement of The Sandbox Alpha, the first opportunity for players to get hands-on with the NFT-powered virtual world.

The Sandbox Alpha will run for three weeks from November 29 to December 20, and will enable players to participate in 18 different games—but you’ll need a non-fungible token (NFT) to access all of them.

#metaverse #sandbox #sandcrypto

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