The Sandbox (2024)

The The Sandbox price is $0.55, a change of -3.80% over the past 24 hours as of 8:21 p.m. The recent price action in The Sandbox left the tokens market capitalization at $864,685,733.71. So far this year, The Sandbox has a change of -90.57%. The Sandbox is classified as a Culture & Entertaiment under CoinDesks Digital Asset Classification Standard (DACS).


SAND is the native cryptocurrency of The Sandbox; a popular 3D "metaverse" game built on the Ethereum network that users can explore, purchase land on and create structures that can be monetized. All items acquired in The Sandbox are 100% owned by the players themselves, creating revenue opportunities for gamers.

SAND price

The Sandbox is powered by the SAND token, one of the two most popular metaverse gaming tokens to date and one that gained prominence in 2021.

SAND has a hard cap of 3 billion tokens. The initial token distribution of SAND tokens was roughly 55%. That was split among The Sandbox's team, advisers and the company reserve. Twelve percent went to The Sandbox Foundation, a nonprofit tasked with giving grants to developers and others building projects on the platform to encourage growth, and the remaining 33% went to investors, distributed in a variety of public sales.

SAND is a utility token that can be used to play games, purchase equipment or customize avatars. Users can earn the token while playing the game. SAND is also a governance token, meaning that users who hold the token can vote on decisions affecting the future of the game.

The Sandbox metaverse game is composed of slabs of digital real estate called LAND, of which only 166,464 will ever be available. Like real estate in the real world, LAND can be used to erect buildings or games or other digital experiences, which developers can create using developer toolkits provided by The Sandbox.

SAND's price hovered at around $0.04 to $0.06 after the token was first released in 2020, and it climbed sharply in 2021. SAND hit its all-time high of $8.40 in November 2021. Though SAND's price dropped to $6.55 after that, the price surged 25% to another peak of $7.49 in late November 2021 on news that sportswear maker Adidas teased a partnership with The Sandbox gaming platform.

How does Sandbox work

The Sandbox is a game that uses blockchain technology to empower players and give them complete control over the game and any assets they accrue. That’s different from traditional online games, where users lack voting powers, don’t truly own in-game items and can’t generate revenue from the structures or experiences they create.

LAND and other assets in The Sandbox are non-fungible tokens (NFTs), a popular way to turn digital assets into collectibles. With the help of the unique cryptographic features of blockchains, NFT digital collectibles (from modern art pieces to collectible digital creatures) can be proven to be unique – and it's easy to verify that they are so.

Some predict that NFTs will become a bigger part of gaming, because gamers already spend billions of dollars on digital assets, from skins for their avatars or “power-ups.” Some visionaries predict that gamers will one day be able to transfer their assets from game to game and see NFTs as a key piece to such an interconnected gaming ecosystem.

Key events and management

The Sandbox game was created in 2012 without any blockchain technology involved. The goal was to encourage players to create their own unique digital worlds. Although that aspect of the game has lived on, Hong Kong investor and video game software company Animoca Brands purchased The Sandbox in 2018, pivoting the game toward blockchain and NFTs.

In November 2021, The Sandbox raised $93 million in a Series B funding round led by SoftBank. Other investors include True Global Ventures, Liberty City Ventures, Galaxy Interactive, Kingsway Capital and Blue Pool Capital.

The Sandbox has partnered with a number of well-known celebrities and brands, such as rapper Snoop Dogg, electronic musician Deadmau65, and zombie post-apocalypse TV show “The Walking Dead.” Multinational consulting firm PwC Hong Kong also purchased LAND in the game in 2021.

The Sandbox (2024)

FAQs

What is the main idea of the sandbox? ›

The sandbox can be conceived as a small area within a computer where an applet's code can play freely, but it's not allowed to play anywhere else. A sandbox is implemented not only by requiring programmers to conform to certain rules, but also by providing code checkers.

What is the sandbox analogy? ›

The Creative Sandbox is a metaphorical concept that I developed to get myself out of stuck and back into creative play. In a nutshell, it's the mindspace of being a four-year-old. See, as adults we've all learned to be very competent, but too often we've forgotten how to play!

What is the meaning of the sandbox by Edward Albee? ›

Abstract. The Sandbox, a very short one-act play, is written by Edward Albee (1928-2016) who was a particularly skeptical observer of American society and the non- mutual pursuit of the mythical American Dream. It is a play that elucidates an underlying message of elderly care, senility and death.

Is the sandbox safe for kids? ›

Sand play areas must be separate from landing areas for slides, swings, etc. Child care providers should be sure they are only using sand labeled as a safe play material or sand that is specifically prepared for sandbox use. Sand from other sources/sites may contain potentially harmful substances.

What is the plot of the story The Sandbox? ›

In The Sandbox, Edward Albee introduces one of America's most dysfunctional families, a grasping, materialistic married couple who stage a perverse seaside idyll destined to end in the demise of the wife's aged mother.

Why did Mommy and Daddy bring Grandma to the beach? ›

Mommy and Daddy have brought Grandma to the beach in hopes of rushing her into death, preemptively holding her funeral before she manages to die. Symbolism in absurdist theater is deliberately slippery, as is demonstrated by the fact that the “beach” is represented by a child's sandbox on a mostly bare stage.

What is The Sandbox paradox? ›

This presents something of a paradox for policy makers: for a regulatory sandbox to be effective, it must offer participants some form of regulatory relief, but this relief may provide firms with government-granted economic privilege at the expense of their rivals.

What is the metaphorical meaning of sandbox? ›

As an adult, a sandbox can refer to a place of creative or experimental safety — a metaphorical boundary imposed on an area in which you can freely test ideas and innovate.

What children learn in The Sandbox? ›

Sand play helps with emotional development and socialization in children as well. In the sandpit, kids learn collaboration skills as they dig, carry, and move sand with other children and educators.

What is sandbox in simple words? ›

The term “sandbox” is aptly derived from the concept of a child's sandbox—a play area where kids can build, destroy, and experiment without causing any real-world damage. Similarly, a digital sandbox allows experimentation and testing without repercussions outside its confined space.

What is The Sandbox theory? ›

The Sandbox Theory illustrates how the stakes of human interaction rise with age, from minor playground disputes to severe disagreements or armed conflicts at a global scale. This escalation highlights the critical need for preventative measures and “guardrails” to ensure societal stability.

What does The Sandbox Symbolise? ›

b)The sandbox is a symbol for the boundaries that we assign to certain members of society who we deem to be “undesirable”. Those boundaries (walls) of the Sandbox are simply implicit in the minds of those who are part of society.

What happens if a sandbox gets wet? ›

If sand gets wet, it can harbor bacteria. Make sure to let the sand dry out thoroughly before covering it for the night. Sand should be raked regularly to remove debris, clumps, or other foreign material. Do not allow your household pets to play with your child in the sandbox.

Are ants attracted to play sand? ›

Ants like sand because it's easy to dig and maneuver in as they form an anthill and grow a large colony. Ants can also easily find food in sand. They're scavengers that eat other bugs, and other bugs happen to seek protection in the sand too. Humans make sandy play areas even more appealing to ants.

What is the purpose of The Sandbox? ›

The purpose of a sandbox is to provide a safe environment for users to test new software or run untrusted code. Sandboxes isolate programs and applications from the rest of the system, preventing them from accessing or damaging critical system resources or other applications.

What is the concept of sandbox? ›

Think of a sandbox as a controlled playground where applications, code, and files can be tested or executed to see how they behave.

What is the purpose of sandbox play? ›

Sand play is particularly beneficial for developing a sense of textures. Not only is sand a new and different texture for children to feel on their skin, but the contrast it creates with concrete, grass, dirt, and wood will emphasize the sensation of each surface.

What is an idea sandbox? ›

A controlled environment in which organizations can test and experiment with new technologies and ideas without the risk of failure.

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