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    Buy The Sandbox

    SAND
    €0.000EUR

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    TimeInstrumentQuantityPriceSide
    Overview
    #116Popularity
    GamingAsset type
    2012Active since
    VisitOfficial site

    What is The Sandbox?

    The Sandbox is a blockchain-based virtual world, or metaverse, where people can create, own and trade games, experiences and digital items, and SAND is the cryptocurrency that powers it. It is one of the best-known metaverse and gaming platforms in crypto.

    It helps to separate two names. The Sandbox is the platform and virtual world, while SAND is its utility token. People often use the names interchangeably, but you buy and hold SAND, while The Sandbox is the wider platform it is used on.

    The idea behind The Sandbox is to let people genuinely own parts of a virtual world. Players and creators can buy virtual land, known as LAND, build games and experiences on it, and create digital items, all held as NFTs that they truly own. Creators can use the platform's tools to build without needing to be expert programmers.

    What is The Sandbox used for?

    The Sandbox is mainly used to build, own and explore experiences in its virtual world. SAND is the utility token used across The Sandbox.

    SAND is used to:

    • buy virtual land (LAND) and other digital items in The Sandbox
    • take part in governance decisions about the platform
    • be staked, where holders may earn rewards, and be held or traded as the platform's token

    The Sandbox combines a virtual world with creator tools, so people can design games and experiences and monetise them. SAND is the main way to transact within this ecosystem, including buying assets, accessing experiences and rewarding creators.

    SAND started as a token on Ethereum and is a utility token rather than a scarce asset like Bitcoin. It has a maximum supply capped at 3 billion tokens. Like many cryptocurrencies, SAND can be volatile, and its value can be influenced by interest in the metaverse, the success of The Sandbox, and wider market conditions.

    The history of The Sandbox

    The Sandbox began in 2011 as a mobile game created by Pixowl, founded by Arthur Madrid and Sébastien Borget. The original game was a popular world-building title with millions of downloads, before the team reimagined it as a blockchain-based virtual world.

    The SAND token launched in 2020, and The Sandbox became one of the leading projects in the metaverse and blockchain gaming space. It is now part of Animoca Brands, a major company in Web3 gaming, and is built on Ethereum. You can find out more on the official The Sandbox website.

    Over the years, The Sandbox has become well known for working with a range of brands, entertainers and creators to build experiences in its virtual world. People buy SAND for many reasons, including using it within The Sandbox, taking part in governance, or gaining exposure to the metaverse and blockchain gaming.

    Buy The Sandbox in EUR with SEPA

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    Warning: Past performance is not a reliable guide to future performance. If you invest in this product, you may lose some, or all, of the money you invest. The above information is not to be read as investment, legal or tax advice and takes no account of particular personal or market circumstances; all readers should seek independent investment, legal and tax advice before investing in cryptocurrencies. There are no government or central bank guarantees in the event something goes wrong with your investment. This information is provided for general information and/or educational purposes only. No responsibility or liability is accepted for any errors of fact or omission expressed therein. CoinJar Europe Limited makes no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. CoinJar Europe Limited is authorised by the Central Bank of Ireland as a crypto-asset service provider (registration number C496731).

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