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What Is The Sandbox? – How Does The Sandbox Make Money?

What Is The Sandbox?

Players may build and sell their own digital assets and game experiences in the Sandbox, an open-source gaming environment.

By building their own avatars, users may explore the game’s ecology and interact with other players.

Roblox-like platform allows users to build in-game materials and activities with ease. Non-fungible token (NFT) graphics and animation may be created using VoxEdit’s Skeleton System, for example.

The Sandbox’s native marketplace allows digital art to be sold and exchanged. This gives people a way to make money off of the work they’ve done. Artists must join the platform’s Creator Fund in order to sell digital artwork.

The Ethereum blockchain powers the Sandbox. Three native tokens are used to power the system:

Entities (people or animals), equipment (swords, shields, or helmets), and wearables, such as cosmetic goods, are all represented by the

  • LAND: an ERC-721 token that represents plots of virtual land
  • SAND: an ERC-20 token which serves as The Sandbox’s native currency and is needed to purchase equipment, play games, or customize avatars

SAND is used to purchase assets as well as digital plots of land. Furthermore, SAND can also be used to buy CATALYSTs and GEMs, which are needed to create ASSET tokens.

There are four levels of ERC-20 tokens known as catalysts, which reflect the rarity of a person’s ASSETS and include the common, rare, epic, and legendary levels.

What Is The Sandbox

An ERC-20 token called a “gem” is a kind of “asset.” Since an ASSET’s value increases with the number of qualities it possesses,

Finally, The Sandbox wants to become a decentralized autonomous organization (DAO), which implies it will be run by its members. When a new feature or policy is developed, users will be able to vote on it. The quantity of SAND tokens a user has determines his or her voting power.

Connecting your email, social accounts, or Metamask wallet gives you access to the Sandbox metaverse.

A brief history of the Sandbox Corporation

Arthur Madrid and Sebastien Borget launched The Sandbox in Hong Kong in 2011.

Madrid and Borget co-founded their first company, Wixi, in 2007. As a social network, Wixi was used by users to view, publish, and share media of all kinds secretly with one other.

Wixi was forced to close by its creators after four years in existence. That same year, in 2011, the two began Pixowl, a mobile game production firm that shifted their emphasis from social networks to video games.

Pixowl’s debut iOS game, The Sandbox, was launched in May 2012 (and an Android version was released in February 2013).

It was possible to build a variety of physical components in the 2D game, which was quite similar to the 3D version of Minecraft. Players might then interact with the resulting creations by combining these components.

The Sandbox was downloaded more than two million times in the first year. The Sandbox was selected one of the year’s finest games by Apple. The Sandbox’s popularity grew steadily over time.

The Sandbox Evolution was launched by Pixowl in 2016 as a sequel to the original game. By the end of April 2018, the game has been downloaded more than 40 million times. As a result, Pixowl and the game would undergo a dramatic shift in direction only one month after the game’s release.

Pixowl revealed plans to produce a blockchain-powered 3D edition of The Sandbox at the Pocket Gamer Connect conference in San Francisco. Animoca Brands, a Hong Kong-based company, purchased Pixowl in August for $4,875,000.

As a mobile game developer, Animoca began a strategy change of its own. Many of its mobile games were sold to raise extra funds from investors, while others were put up for sale. Pixowl is just one of the many blockchain (and AI)-focused gaming firms that were purchased and invested in.

The creators of The Sandbox worked hard in the months that followed to keep the buzz going about their project. There was a $2 million creator fund and the VoxEdit software editing tool established in December 2018, for example. VoxEdit creations may potentially be imported into Minecraft in order to speed up the process of acceptance.

An investment and token sale of $2.5 million were made by The Sandbox in November 2019. In less than a month, it held its first LAND auction, in which it sold 3,000 pieces of LAND (out of a total of 166,464 pieces).

Two additional auctions were held by The Sandbox in the first several months of 2020, and both sold out within minutes. Ether was used to perform each and every one of these auctions (ETH). The Sandbox staged a second token sale in August, this time on the Binance Launchpad platform, giving SAND. Binance has also invested in LAND by purchasing roughly 4,000 tokens.

Over 20% of all LAND parcels were sold before The Sandbox was even published before the end of 2020. More than 65 brands and franchises, including Manchester City, Atari and The Smurfs have partnered with the site.

What Is The Sandbox

The Sandbox’s representatives spent the most of 2021 creating hype for their products. Collaborations with the likes of The Walking Dead (July) or Snoop Dogg (August) bolstered their efforts (September).

Meta was given a major boost by Facebook CEO Mark Zuckerberg on October 28th when he revealed that the firm he created will be renamed in his honor (alongside a shift to VR). Decentraland, The Sandbox, and other metaverse-focused sites saw a sudden surge in interest.

SoftBank’s Vision Fund 2, as well as Animoca Brands, True Global Ventures, Galaxy Interactive, SCB 10X, and others, all contributed to the Sandbox’s early November 2021 investment round of $93 million.

Following over three years of development, The Sandbox eventually opened up to players. The Sandbox launched the Alpha of their metaverse game on November 29th, 2021. For a short period of time, the game was unavailable due to strong demand.

The Sandbox was able to sell a LAND property to Republic Realm for $4.3 million only one day after launching. The Sandbox sold almost $100 million in virtual land in its first month.

What Are The Sandbox’s Revenue Models?

By selling tokens and other digital assets, the Sandbox generates revenue. Tokens based on SAND or LAND as well as ASSETs will be offered for sale.

A number of auctions have taken place at The Sandbox during the course of its history, as recounted in the preceding chapter.

Binance’s Launchpad is expected to sell 360,000,000 SAND tokens (12% of the token’s total supply) in August 2020. The Sandbox’s Gears and Ducks NFT collection was released in December 2021, just after its Alpha debut.

Since the demand for multiple tokens drives The Sandbox’s economic model, it’s no surprise that it’s doing so well.

Through partnerships with numerous franchises that participate in its metaverse, it is able to increase demand for its products and services In 2022, a game based on AMC’s The Walking Dead will be released as part of The Sandbox.

Another method The Sandbox is able to increase demand for its tokens is by allowing other users to purchase land plots. SAND tokens are used to purchase land, and in exchange, users obtain LAND tokens. They may then utilize the land they own to run businesses that bring them money.

What Is The Sandbox

Users may also put their SAND tokens up for grabs. The Sandbox charges a 5 percent transaction fee for each and every transaction.

The Staking Pool receives 50% of those fees, which are subsequently used to reward token holders. The remaining half of the proceeds will be donated to The Sandbox Foundation. By rewarding developers who add new features, the foundation distributes tokens it has set aside to other members of the ecosystem.

Player subscriptions and advertising are both in the horizon, as laid forth in The Sandbox’s whitepaper. A part of the money it generates there will be taken away by it.

Finance, Revenue & Valuation for the Sandbox

There have been four rounds of fundraising for The Sandbox totaling $95 million, according to Crunchbase.

Sterling.VC, Kingsway Capital, Liberty City Ventures, Blue Pool Capital, and a host of other notable investors are involved.

The Sandbox’s current market value is not known. The Sandbox’s platform does not produce any income, as previously announced.

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