Objective of the blockchain game The sandbox was initially, the game very successful Minecraft to compete. Essentially, the two games still look very similar today, but the structure and philosophy are fundamentally different. Because the developers of The Sandbox say they are on a mission to give their fans full power over the game. The idea is that the items needed for the game are first created by the players themselves. There is also the “Voxel Editor”. In this, sandbox players create their 3D animated objects as NFTs in the Ethereum standard. Once created, there are two options. Either you put your item up for sale on the home market or use it for your own in-game avatar. The Voxel Editor is now located in the Ethereum sidechain polygon. This allows for faster transfers with lower transaction fees.
Until now, access to the platform has been severely limited. Only Alpha Pass users could use the environment. That should change with the newly proclaimed season 2 change. The platform has been publicly accessible since March 2. If you want to learn more about this, we recommend the next issue of the magazine: BTC-ECHO editor Giacomo Maihofer has examined the game in detail.
According to Etherscan, there are currently 128,291 addresses holding SAND tokens, and the trend is increasing.
There are several ways to get SAND tokens. Either you buy them on a listed exchange or you earn them in the game itself; this is called playing to win. SAND tokens serve to ensure the security of the underlying proof-of-stake (PoS) network. Just like in classic PoS platforms, participants can earn more SAND tokens through consensus. At the same time, they can use their participation to vote on the instructions within the network.
So far, the total supply of SAND tokens is capped at 3 billion. This means that the network could become deflationary at a later date. However, SAND is currently trading at a remarkably high rate of inflation of around 27 percent; imagine what would happen in the European Central Bank if the EU saw such a level of inflation. But even in the crypto space, this is a very decent ratio between the predicted liquidity in 12 months and the current supply of tokens. For comparison; Bitcoin has an inflation rate of around 1.7 percent, while Ethereum is currently trading at around 0.5 percent.
After a rapid rise over the past week, SAND is listed ahead of Axie Infinity’s AXS as the #1 blockchain gaming cryptocurrency at the time of writing.
Following the same price increase, SAND also slipped to second place among the Metaversum coins. The token is second only to Decentraland (MANA).
One of the reasons for this price increase may be the growing number of users as Season 2 makes the game accessible to the masses. Another explanation is that Snoop Dogg’s involvement has made waves. The first level of Snoop Dogg in The Sandbox can be played from March 16.
As of February 2, 2022, 10,000 Snoop Dogg avatars have already been purchased through the trading platform. However, one can only guess if brand ambassador Snoop Dogg will be enough to overcome the market power of Minecraft. It won’t be easy, though, because Minecraft is the best-selling computer game of all time with more than 235 million copies.
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