The world of gaming has evolved a lot in recent years, growing to unprecedented levels. One of the most popular and valuable games is Roblox, an application featuring dozens of different games in which players can use the same characters. This game, valued at a few tens of millions of dollars only 6 years ago, was valued at $40 billion yesterday. A crazy valuation that demonstrates the potential of the game and the huge revenues it gets from the sales of accessories within the game itself. In the crypto world, there is a similar project that we will talk about today: The Sandbox Game!
The Sandbox Game: what it is all about
As mentioned above, The Sandbox Game is very reminiscent of Roblox, both for the pixelated characters (Minecraft-style) and for the possibility to use the same characters for many different games. The only thing different between the two projects is that Sandbox is created in the crypto niche and makes use of NFTs, two very interesting things in recent months. Also, The Sandbox is a decentralized app where ANYONE is able to create their own game and make money from it by reselling assets in the game to other players. In short, it is fun but at the same time, it is possible to earn money if you are able to create games.
At the moment, The Sandbox metaverse has 166,464 LANDS, or slots where it is possible to create games or rent these spots to other people to earn real money. The entire ecosystem is based on three key points: The Voxel Editor, the Game Maker and the Marketplace. The first one is used to create and animate Voxels, the next one to create and monetize games that will be used on one of the LANDs of the game and finally the marketplace, where it is always possible to exchange assets to be used in the various games. All the necessary to make the game fascinating for both players and game creators!
The game has already signed several partnerships with solid realities of the gaming world including ATARI. Obviously, this is only the beginning and The Sandbox will continue to collaborate with other companies to continue to improve its product. The main token, around which the entire game revolves, is SAND.
The SAND Token by The Sandbox
On DeFi.cx we have already talked about the best tokens connected to NFTs in some form, and SAND was one of them. This token is the basis of The Sandbox game and has a max supply of 3 billion units. The circulation is just under 700 million units. Today’s price is almost 60 cents, with a marketcap of $400 million. The fully diluted marketcap is already close to $2 billion. The lowest price recorded by CoinGecko is less than 3 cents, so a 2000% climb so far. Truly impressive numbers that show the power of NFTs and gaming combined with the crypto world.
If these numbers already seem very high and give the sense that the boat has sailed, remember that Roblox has been valued at $40 billion. Roblox is a centralized product, while The Sandbox game is a decentralized platform where EVERYONE can make money (not just the platform creators). Perhaps at the moment making comparisons may seem absurd, but if the crypto and NFT worlds continue to adopt, we could certainly see The Sandbox Game at much higher valuations than it is today in a few years time. It all depends on how many players they manage to attract, but we are sure that the numbers will be 10-20 times higher than today. Who knows!