What is SAND / The Sandbox? Explaining the features and future expectations / future [Virtual currency]

The Sandbox is a blockchain game scheduled to be released in the first quarter of 2021, and SAND is a virtual currency that can be used in the game.

In addition, SAND is counted as an NFT-related stock , and the price of SAND is skyrocketing these days when NFT is attracting attention.

Therefore, this time, I will explain the features, future prospects, exchanges that can be purchased, etc. about such SAND.

  • Features of The Sandbox / SAND
  • Past price transition and future outlook of virtual currency SAND
  • Should I buy SAND and what are the risks?
  • Cryptocurrency exchange where you can buy SAND
  • If the NFT-related investment Binance

table of contents

  1. What is the virtual currency The Sandbox / SAND?
  2. Features of The Sandbox / SAND
    1. You can have a digital land in the game and create a new game there
    2. Earn SANDs in-game or on the NFT Marketplace
    3. Made to Ethereum standards
  3. The Sandbox / SAND’s current valuation and factors behind the price surge
  4. Future forecasts and outlook for The Sandbox / SAND
  5. Should I buy The Sandbox / SAND?
  6. Exchanges where you can buy The Sandbox / SAND
  7. Summary of future forecasts and outlook for The Sandbox / SAND

What is the virtual currency The Sandbox / SAND?

sandbox-top-1024x342
Image quote: The Sandbox official website
Currency (token) nameSAND
Ticker symbol / unitSAND
Current price (as of October 2021)About 203 yen
Market capitalization (as of October 2021)About 180 billion yen
Market capitalization ranking (as of October 2021)78th
Official siteThe Sandbox official website

The price is based on the value on October 29th.

The Sandbox is a blockchain game scheduled to be released in the first quarter of 2021.

In addition, the virtual currency that can be used in the game is called SAND, and SAND is counted as an NFT-related brand.

The Sandbox is one of the ” sandbox games ” and has been in the series since 2012, and this time the blockchain game version will be released.What is a sandbox game?

A sandbox game is a style of game in which there are no quests to progress the game, and the player can freely decide the purpose and play.

The most major title is ” Minecraft”.

Also, before the game is released on The Sandbox,

  • Sell ​​the in-game LAND at pre-sale
  • Listed SAND, the in-game currency, on the virtual currency exchange

We are raising funds by doing such things, and have already received a lot of attention from investors and major companies.

Features of The Sandbox / SAND

The blockchain game The Sandbox and the cryptocurrency SAND have the following features:Three main features of The Sandbox / SAND

  • You can have a digital land in the game and create a new game there
  • Earn SANDs in-game or on the NFT Marketplace
  • Made to Ethereum standards

You can have a digital land in the game and create a new game there

In The Sandbox, you can own a land (LAND) that is an NFT in the game, and you can create games and dioramas on that LAND.

You can also have other players play the games you have created and explore the diorama.

Of course, you can also play games created by other players yourself.

Earn SANDs in-game or on the NFT Marketplace

In The Sandbox, you can earn cryptocurrency SAND in-game or in the NFT marketplace mainly in the following ways.The main way to earn SAND

  • Providing the created games and dioramas to other players for a fee
  • Sell ​​in-game items (NFT) on the NFT Marketplace
  • Earn real estate income by using LAND and facilities you have created
  • Providing the created games and dioramas to other players for a fee

The Sandbox allows you to offer your games and dioramas to other players, either for a fee or for free, at your discretion.

If you provide it for a fee, you can earn revenue (SAND) by having other players play it.

  • Sell ​​in-game items (NFT) on the NFT Marketplace

The Sandbox not only allows you to create games and dioramas, but also allows you to create in-game items (NFTs) and list them on the NFT Marketplace as products.

Also, those products are traded in SAND, so if you sell, you can earn SAND.

  • Earn real estate income by using LAND and facilities you have created

Land and the facilities you build within it can be sold or rented just like real estate for profit.

In addition, because of these properties, LAND, which is sold at pre-sale, has attracted a lot of attention, and it is being purchased not only by individual players but also by major companies such as and Binance.

The coin check is a part of the LAND you have purchased, we plan to sell in the NFT marketplace company is engaged in.

Made to Ethereum standards

The virtual currency SAND is ERC20, the in-game land (LAND) is ERC721, and the items and games that can be created in The Sandbox are ERC1155, both of which are made according to the Ethereum standard.

The ERC20 token SAND can also be exchanged for Ether (ETH) using Uniswap, a DEX (Distributed Exchange) on Ethereum.

The Sandbox / SAND’s current valuation and factors behind the price surge

The image above is the SAND / Thether USD chart from August 2020 to November 2021.

SAND was launched in August 2020 (newly released) and is a virtual currency that is less than a year old.

However, as you can see from the chart, there was no remarkable price movement during 2020 , but it has skyrocketed in 2021 .

The opening price in January 2021 was about $ 0.037, and the highest price in March was about $ 0.68 , which means that it has increased more than 18 times in just over two months .

The main causes of this surge are believed to be the following two.Two main factors for the SAND surge

  • Increasing attention to NFT-related stocks
  • Increased investment heat for the entire cryptocurrency
  • Increasing attention to NFT-related stocks

It is believed that this surge was not due to the announcements about The Sandbox and SAND, but to the rise in attention to NFT-related stocks in general from the latter half of 2020.

The evidence is also an NFT-related issue,

  • Engine coin
  • Chillies
  • REVV

Etc. have also skyrocketed since the beginning of 2021.

  • Increased investment heat for the entire cryptocurrency

Currently, major virtual currencies such as Bitcoin and Ethereum have soared across the board since the latter half of 2020, and investment enthusiasm for not only NFT-related stocks but also virtual currencies as a whole is increasing .

This time, SAND increased sharply in a short period of more than 18 times in just over two months, but it is thought that such an environment supported the fact that such a value came out.

Please refer to the Bitcoin outlook article for the reasons why the investment fever of cryptocurrencies as a whole is increasing .

If you don’t have a cryptocurrency exchange yet , register for a recommended Binance that is easy to use even for beginners .

Future forecasts and outlook for The Sandbox / SAND

There are positive and negative elements in predicting the future of The Sandbox / SAND.

So let’s start with the positive elements.Positive elements for the future of The Sandbox / SAND

  • Expectations are rising not only for blockchain games but for NFT as a whole
  • Financing from major companies such as Square Enix
  • Expectations are rising not only for blockchain games but for NFT as a whole

NFT is expected to be used not only in blockchain games like The Sandbox but also in a wide range of fields such as art and real estate.

For example, in the art field, it was reported in the media in March 2021 that the art work (NFT) of digital artist Mike Winkleman was sold at an auction for about 7.5 billion yen.

At present, NFTs are mostly used for game items and digital art, but attempts are being made to link them with three-dimensional objects.

If that happens, NFTs will also be useful for 3D asset management.

NFT is still developing in many fields, so if it is put into practical use in the future, it will have a great impact on SAND and other NFT-related stocks.

  • Financing from major companies such as Square Enix

The Sandbox has received a total of $ 2.01 million in loans from several companies and funds, including SQUARE ENIX, a major Japanese game developer.

It can be seen that expectations and attention to The Sandbox are high.

  • The Sandbox has twice pre- sold in-game LANDs , both sold out and raised over 1300 ETH .

In addition to individuals who play games, coin checks and binances on cryptocurrency exchanges, and multiple game development companies also purchase LAND.

The Sandbox itself hasn’t been released yet, so it’s not clear how those LANDs will be used, but I’m looking forward to it.

On the other hand, The Sandbox / SAND has the following concerns.Two negative factors for the future of The Sandbox / SAND

  • The bubble state that is now different from the actual situation
  • The Sand box is less popular with Mine Craft
  • The bubble state that is now different from the actual situation

Again, The Sandbox hasn’t even been released and no one is actually playing the game yet.

Nonetheless, SAND has become one of the investment targets and its price has skyrocketed due to the growing attention of NFTs as a whole.

In other words, it is a bubble state due to so-called upfront investment, which is not accompanied by the actual situation .

The Sandbox is a game, so after it’s actually released,

  • Is the game really interesting?
  • Will players get together?

Is very important.

However, in response to the high reputation, it is often said that it was not so interesting when actually playing the game, or it was not popular because it was full of bugs and could not be played properly, so I have to open the lid. There is something I don’t understand.

Therefore, if you are going to make an upfront investment from now on, you need to be careful about the price reaction before and after the game release.

  • The Sandbox is less popular with Mine Craft

The most major title in the same sandbox game is Mine Craft.

I’m sure there are many people who know or have played the name of Mine Craft, but don’t know the name of The Sandbox in the first place.

That’s why The Sandbox is less well known and less popular than MineCraft .

The actual comparison between The Sand box and Mine Craft is as follows.

The SandboxMine Craft
Basic download free smartphone game
(steam version will be released later)
Paid games
smartphone, a home-use game machine, released in the personal computer OS
Since its release in 2012, the cumulative total of the series has been downloaded over 40 million.Cumulative sales have exceeded 200 million since its release in 2011
Over 1 million monthly active usersOver 131 million monthly active users

Even if you compare the numbers in this way, The Sandbox is greatly opened to Mine Craft in the genre of “sandbox games”.

In addition, the popular and superior Mine Craft is also promoting the cooperation between the game server and the blockchain by using the plug-in “Enjin Craft”.

With Mine Craft, which is a big rival for both sandbox games and blockchain games, The Sand box is worried about whether it will be able to create an advantage and attract users.

Should I buy The Sandbox / SAND?

As one of the NFT-related stocks, the price of SAND is skyrocketing, but as I mentioned earlier, there will be positive and negative factors in the future.

If you’re buying SAND from now on, it’s a good idea to understand that “The Sandbox hasn’t even been released in the first place,” including its risks.

Also, if you’re cautious, it’s a good idea to watch the game’s release and the reaction of game users and other investors before considering whether to buy.

In the long run, even if you start investing in SAND after the game is released, you shouldn’t lose it late.

Exchanges where you can buy The Sandbox / SAND

As of November 2021, SAND is not available on domestic exchanges and can be purchased on the following overseas exchanges and DEX (Distributed Exchange).Major overseas exchanges where you can purchase SAND

  • Binance
  • OKEx
  • Hotbit
  • Huobi Global

DEX (Distributed Exchange) where you can purchase SAND

  • Uniswap

* For information on how to use Uniswap, refer to ” What is Uniswap? “.

Summary of future forecasts and outlook for The Sandbox / SAND

This time, I explained The Sandbox / SAND, which is one of the NFT related brands.Summary of this article

  • The Sandbox is a blockchain game scheduled to be released in the first quarter of 2021
  • SAND is a virtual currency that can be used in The Sandbox
  • SAND is currently skyrocketing, but the game hasn’t even been released so watch out for future moves.

The Sandbox hasn’t even been released yet, but as NFTs are getting more attention, upfront investment is being made as one of the NFT-related stocks.

Therefore, if you are going to ride the wave of upfront investment from now on, pay close attention to user reactions after the game is released and price movements before and after the release.

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