Unless you’ve been living under a rock, you probably remember Facebook’s major announcement last year. In late 2021, the company announced that it will be changing its name to Meta, placing emphasis on the development of the metaverse.
The metaverse stands to be an immense playground for creators to interact with each other in a digital sphere. Since this announcement, there has been renewed interest in developing online games that cross borders into cryptocurrency.
One of the major projects currently out there is The Sandbox. But what is The Sandbox exactly?
In this article, we will walk you through everything you need to know about The Sandbox. We’ll explain how virtual gaming is beginning to intersect with cryptocurrency investing.
What Is The Sandbox?
The Sandbox is a highly innovative game that involves a play to earn an objective. The goal is for players to create and customize games and digital assets using design tools that have been made free to use.
In essence, The Sandbox helps to combine new technologies with a 3D metaverse. These include decentralized finance, NFTs, and blockchain technology.
It helps to create virtual goods that can be monetized as non-fungible tokens. These will be sold in exchange for SAND tokens on the Sandbox marketplace.
The Sandbox marketplace uses SAND as its primary token. It becomes the basis for major transactions and exchanges of currency. It can be used inside The Sandbox but also has real-world value if exchanged.
Players can accrue SAND by winning contests and playing through their favorite games within The Sandbox. They can also choose to purchase SAND on external cryptocurrency exchanges like Kraken or Gemini.
How Did This All Start?
There has been an explosion in metaverse gaming since Facebook’s announcement in late 2021. Now metaverses placed on blockchains are changing how gamers begin to view their relationship to digital assets. It changes the nature of the game when the rewards of gaming can be coupled to actual financial assets in the real world.
The Sandbox was born out of this emerging interest. It aims to combine cryptocurrency investing with NFTs and virtual gaming. Creators continued to build out an interactive platform connecting designers, gamers, and investors.
It is a highly creative playground where the inherent worth is in playing the game as well as in building capital with SAND.
Investors wondering where to buy SAND can learn more here.
Future Growth
At the end of the day, Facebook’s announcement has changed the game for virtual creators. Google searches for “what is The Sandbox” grew exponentially in the months after this announcement.
Many people became interested in understanding how to buy crypto to play cryptocurrency games in the virtual world. The Sandbox combines all these interests into a common platform for virtual creators and currency exchange.
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