Non-Fungible Tokens (NFTs), which are worth billions of dollars, are one thing to keep an eye out for. They come in a variety of shapes and sizes. The NFTs found in video games are one of the most common types. These videogames contain a method for obtaining NFTs or coins and trading them with other players. One of these games is Sandbox (SAND).
What is The Sandbox (SAND)
“Play.Create.Own.Govern.Earn.” Sandbox is striving towards this kind of virtual world model. SAND is the primary utility token that allows gamers to customize, own, and monetize their gaming experience. In the universe of SANDBOX, decisions are made through the Decentralized Autonomous Organization (DAO), which allows the majority of SAND holders to dictate policy.
Sandbox is a game similar to the popular Minecraft in which users may create their own mini-worlds within the world utilizing the Voxel gaming technology, which allows creators to construct, play, share, gather, and trade without the need for centralized authority. The SANDS are Ethereum-based blockchains. Furthermore, the in-game objects would have their own distinct identity, ensuring their value as NFTs.
The Sandbox gaming ecosystem is made up of three products that work together to deliver a complete user-generated content (UGC) production experience. The Voxel editor, which can be used to construct items in the game, the marketplace, which can be used to upload, produce, and distribute ASSETS created in the VoxEdit, and finally the GameMaker, which can be used to play out the ASSET’s characteristics.
Price Movement – The Sandbox
Before the crash in July, the coin was being traded at the price of $0.9. It soon recovered and created a new ATH in November and reached $8.48. At the time of writing this article, The SandBox (SAND) is being traded at a price of $5.58. The price has almost decreased by 8% today. On the monthly time frame, we have seen an increase of almost 11%.
The Total volume at the moment is $1,612,259,097 with an increase of 32.83% in the past 24 hours. The coin is listed on coinmarketcap on the 38th spot and has a market dominance of about 0.22%.
Long Term Price Prediction – The Sandbox (SAND)
Wallet Investor thinks that SAND is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year SAND will reach a value of $8.338. In a five-year plan, the price is expected to reach a value of $21.178. Traders think that it would soon reach the expected values in much less time.