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The Sandbox is an Ethereum-based metaverse and gaming ecosystem in which users can create, share, and monetize any in-world assets or gaming experiences. Non-Fungible Tokens (NFTs) are virtual tokens minted on the blockchain for digital scarcity, security, and authenticity. They are unique, indivisible, and non-interchangeable, all of which allow true digital ownership of any in-game assets.
SAND is the native utility token that allows each user to buy and sell LANDS and ASSETS in the Sandbox Metaverse.
VoxEdit is a tool that allows users to create and animate 3D projects within the Metaverse. This includes people, animals, tools, or any other item supported by the Metaverse. These are known in-world as ASSETS and use what is known as the ERC-1155 token standard.
This marketplace enables users to publish as well as sell their ASSETS once they are uploaded to the InterPlanetary File System (IPFS).
The Game Maker is a tool that allows anyone to design, test, and share experiences within the Metaverse. It is a free tool that anyone can download and use. However, users will need to own LAND in the Metaverse to publish games.
The Sandbox ecosystem leverages multiple tokens.
SAND token is an ERC-20 based token that powers all of the transactions and interactions within the ecosystem. You will need SAND tokens to play the games or customize anything on your character. SAND is also used to buy ASSETS and LAND. These tokens can be staked to acquire more SAND, alongside two other tokens known as Gems and Catalysts.
ASSETS are Non-Fungible Tokens (NFTs), which represent in-game items, including equipment or other customization options for avatars. They can also represent any creation that can be used on player-owned LAND. ASSETS are converted into NFTs when they get uploaded to the marketplace, based on the ERC-1155 smart contract.
Catalysts are ERC-20 tokens that define the tier as well as the scarcity of ASSETS. They can range from common to legendary, which differ in terms of their scarcity level.
Gems are ERC-20 tokens that are burned each time they get used. They can be gained through staking SAND tokens, as well as purchased from other players. One GEM provides 25 attribute points to an ASSET, and through CATALYSTS, players can socket up to 4 GEMs, which result in 100 attribute points. Since all of these tokens are ERC-20 based, The Sandbox pays for Ethereum gas fees on behalf of the players.
The first version of The Sandbox was a mobile game that was released in 2012. It was developed by Pixowl as well as the game developer onimatrix.
In 2016, The Sandbox Evolution was released, which generated over 10 million installs.
In 2018, the game development studio Animoca acquired Pixowl, and the company announced that they would create a 3D sandbox world through the usage of blockchain technology.
In 2020, there was an Initial Coin Offering (ICO), in which The Sandbox raised $3 million to fund the future operations of The Sandbox.
