- Sandbox is an Ethereum-based blockchain game that has a virtual world where users can participate, play, and monetize their gaming activities.
- This virtual-world game is bridging the gap between blockchain and the gaming industry.
A report says that the worldwide gaming market will likely be worth $171.6 Billion by 2025. Additionally, there is a belief that blockchain games will grow in popularity in the coming years. Blockchain games are online games that have implemented blockchain systems. One such blockchain game is Sandbox, which has gained immense popularity.
Sandbox – A Virtual World Blockchain-Based Game
Sandbox is an Ethereum-based blockchain game that provides a metaverse experience to its users. Users can play, build their own characters, and purchase or sell property in the game. It also helps the players monetize their gaming activities and earn real cash.
Since its entrance on the Ethereum blockchain in 2018, it has become one of the largest GameFi which has marked significant growth. The game aims to provide users with true ownership of digital assets. It tends to revolutionize the gaming industry by making it decentralized in nature.
The platform has a utility token called SAND, which is an ERC-20 token built on the Ethereum blockchain. The game has enabled NFTs, which help the users build distinct and unique characters. The game has three integrated products, namely Voxedit, Marketplace, and Game Maker, so as to provide a comprehensive experience.
Products by Sandbox
- VoxEdit
It provides the user with a voxel modeling package that allows users to create and animate 3D objects such as animals, characters, tools, and many other items. After creation, you can transfer these assets to the marketplace.
- Marketplace
The web-based marketplace allows users to upload, publish, buy and sell Assets
made in VoxEdit. You can monetize these assets by selling them to participants
in the virtual world.
- Game Maker
This allows users to design their own 3D games on the platform. It also enables users to own a piece of LAND (an ERC-721 token) and create assets on it. Players can make changes to the terrain, customize their characters, and overall contribute to the Metaverse.
Tokenomics of Sandbox
The platform has three tokens, namely:
1. SAND
SAND is the utility token of the platform. It is based on the ERC-20 Token standard and serves as the basis for transactions within the platform. It also provides governance rights to the users, and you can stake tokens to earn passive income.
2. LAND
LAND are virtual tokens that represent physical lands in the virtual world or metaverse of the platform. It is based on the ERC-721 standard, which is basically for NFT creation. LANDS are used to publish your game in the game maker.
What makes Platform Unique?
Firstly, what makes it unique is that the game is based on blockchains and the metaverse, combining the top two potential industries. It is bridging the gap between the blockchain and the gaming industry.
Secondly, It helps the users build their own characters in their own way and provides them with true ownership of the digital assets by enabling NFTs in the game interface.
Lastly, it is highly secure, which means that the data cannot be tampered with by any third party or any centralized authority.
Conclusion
In a nutshell, the platform is on its way to revolutionizing the gaming industry by integrating blockchain systems into it. This will also help the platform gain dominance in the new and changed gaming industry. It’s interesting to know where it will reach in the future.