What is The Sandbox?
This blog post will cover:
- What is The Sandbox?
- Where did The Sandbox come from?
- What are the advantages of The Sandbox?
- What are the disadvantages of The Sandbox?
- How to buy The Sandbox on SimpleSwap?
What is The Sandbox?
The Sandbox is a decentralized, community-driven virtual gaming platform where users can align entertainment and money-making. The blockchain-based network allows users to manufacture and monetize voxel assets in a form of a game. The gaming community can enjoy the benefits of DAO (decentralized autonomous organizations) and NFTs (non-fungible tokens) in the Sandbox ecosystem. Much like the real children’s sandbox, the Sandbox provides its users with an opportunity for creation, communication, networking, experiment, and self-expression through play.
As it’s been said in the official whitepaper, Sandbox’s main purpose is to make blockchain popular and wide-spread via an entertaining gaming process. The Sandbox aims to make blockchain mainstream in the gaming industry. The platform provides a unique opportunity to act as both developers and gamers at the same time! The Sandbox employs blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
Where did The Sandbox come from?
In 2011 it was launched by Pixowl. The man behind Pixowl and the Sandbox is Arthur Madrid. He is the Université Paris-Dauphine graduate, who also was the 1-click Media founder. Sebastien Borget is a co-founder of the Sandbox. He worked with Arthur Madrid since the time of 1-click Media where they formed an entrepreneurial duo.
In 2012 the Sandbox got its first award as the Best App of the year by Apple. Since then it’s been going only all the way up. During 2016-2017 it received major partnerships including DreamWorks and Bandai Namco. Last year Sandbox added a lot of new tools and features to the network, including P2P trading, asset minting, multiple Games Platform, the Sandbox hubs, etc.
On the official website the future roadmap spreads up to 2023. The team has big plans such as adding new IPs and premium NFTs to the network. New mobile apps and reward systems should be created as well. The Sandbox aims to make a lot of new partnerships. And many other fresh ideas and special features are expected.
What are the advantages of The Sandbox?
- Crypto Adoption
User-generated content contributes to the world-wide spread and development of the blockchain-based gaming platform. Also, the operation of the SAND token facilitates the decentralized nature of the system and allows users to openly share ideas within the Sandbox network. All of this promotes decentralized blockchain governance altogether.
PoS consensus mechanism allows users to stake and earn rewards from keeping the SAND token in their wallets. PoS consensus mechanism is also unpretentious in terms of electrical and computing power needed to validate transactions on the platform.
The operation of NFTs allows users to keep their tokens in a decentralized manner and thus making the Sandbox interoperable blockchain, where NFTs can be used across different games. NFTs can also be traded on the native Sandbox marketplace or wherever else.
Play-To-Earn functionality gives users of the platform the possibility to earn $SAND tokens through playing, creating, or interacting with The Sandbox's universe. As a user you will have the possibility to earn $SAND by providing content, designing NFTs or engaging with the gaming experiences available on the platform.
What are the disadvantages of The Sandbox?
- Strong competition
Every day the crypto and blockchain industry is evolving and developing, creating more competition. The gaming blockchain-based platforms are not an exception.
How to buy The Sandbox on SimpleSwap?
Eager to embark on your blockchain-gaming experience? Then you should equip yourself with some SAND tokens to feel comfortable on the platform. SimpleSwap is the perfect crypto exchange to get some SAND, just follow the instructions below:
- Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
- Select SAND in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
- Enter the Recipient's Address. SAND will be sent to this address. Be careful and make sure you use the correct address.
- Check all the information you have entered. If everything is correct click the Exchange button.
- You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.
Thank you for choosing SimpleSwap!