The Sandbox metaverse has increased in value by 1.100% in the last year, according to Opensea data. Sandbox is one of the largest and most important digital platforms built on Ethereum. So far it has managed to attract major companies, brands, and big-name artists such as Snoop Dogg. Investing in the Sandbox metaverse is an interesting way to grow businesses. Currently, the minimum selling price of its land is 4.09 ETH, making it one of the best-performing metaverses of the moment (and probably of the future). So let's discuss a bit more about this virtual world and the way it works.
What is the sandbox metaverse?
The Sandbox metaverse is developed on top of blockchain technology and is centered on the world of video games. The Sandbox platform empowers developers to monetize gaming-related adventures on the Ethereum blockchain, along with creating art galleries or other assets that help them generate passive income.
The Sandbox's main competitive advantage over other metaverses and platforms is its VoxEdit and Game Maker tools. These two very easy-to-use software applications are the key to The Sandbox's potential. In this game, users can interact in the middle of a huge virtual world very similar to Minecraft, which also allows them to export models made in Minecraft to the Sandbox's terrains.
How does the Sandbox metaverse work?
This play-to-earn game combines blockchain, DeFi, and NFT technology in its 3D world, but how does it really work? Let's dive deeper into how this platform works:
VoxEdit, to create NFT
This is the software that enables users to create, modify and animate their own NFTs based on Voxels. These are the 3D pixels that look like lego blocks. You can create more equipment, clothes, and weapons for avatars and animals or you can improve vegetation and real estate. Additionally, can mine and transform any VoxEdit asset into an NFT, and then sell it for SAND on the market.
This platform is really friendly for new members of the community and the crypto world in general. Therefore, it's constantly improving its features to make it easier for everyone.
The Sandbox Game Maker, to create games
This allows users to create and test their 3D games for free. For this, they can use any element created with VoxEdit, whether they are terrains, avatars, buildings, or other assets from the community-developed library. This interface is very simple and requires no previous programming knowledge.
NFT Marketplace, to trade digital assets
This market was incorporated after the NFT boom in 2021. This way the Sandbox metaverse experience would be even more interactive, where players can upload, publish and sell their NFTs. Here players can upload, publish, and sell their NFTs. Assets are stored on an IPFS network to ensure decentralized storage. They're then registered on the blockchain to prove ownership. After this process, they can be sold on the market.
What are the digital assets in the Sandbox metaverse?
The Sandbox metaverse has several tokens that ensure that its economy circulates among the various users interacting on the platform. Players, creators, gamers, curators, and landowners can choose between three assets within the Sandbox ecosystem:
This is the Sandbox metaverse utility token. This ERC-20 token is crafted on Ethereum blockchain technology. SAND is basically the main currency of Sandbox and is the one you must use to buy and sell NFTs. Just like land or other objects in the Sandbox marketplace. You can also trade it on secondary markets.
Likewise, LAND is the way we refer to the digital real estate within the Sandbox metaverse. Every LAND is an NFT based on an Ethereum blockchain. It's necessary to release all the games and designs within metaverse. There are around 166,464 LANDs.
ASSETS refers to the voxel assets found in the market. When registered on the market through the blockchain, these assets automatically become NFTs based on the ERC-1155 smart contract.
Anyone who wants to add elements of designs to Game Maker or equipment for an avatar will count as an ASSET. These can be used for in-game experiences, adding land, or trading. They fall into three categories:
- Entity: serves as a level design entity. It can be an environmental asset such as a tree, a building, or even a giant dragon flying across the earth.
- Equipment: Anything that equips thean avatar, be it weapons or a clothing accessory.
- Block: Additionally to the basic blocks that will be available in Game Maker, players can create new blocks to create unique experiences.
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