Buying Sandbox (SAND): value and performance

Why buy Sandbox (SAND)

Investing in SAND could be a good decision as it is the backbone of The Sandbox metaverse. SAND can purchase digital land (LAND), create NFTs, customise avatars, and participate in platform governance through voting. Additionally, SAND is the primary way users are rewarded for their activities within the metaverse.

It’s important to note that 16% of the total supply of SAND was released in 2024. The 332 million SAND tokens distributed to early investors have, in part, been sold, easing some of the financial pressure on The Sandbox. 

Although this decentralised application continues to attract creators and investors, global interest in the metaverse has declined compared to its peak in 2021. That year, at the height of its success, The Sandbox secured a $93 million funding round, with participants including SamsungNext and LG Technology Ventures, the investment arm of one of the Korean company’s main competitors.

However, if it does recover, The Sandbox is likely to remain a key player, thanks in part to the strategic partnerships it is forming, including one with Skybound Entertainment, the creators of The Walking Dead, to enhance its ecosystem.

What it is and how it came about 

The Sandbox is essentially a virtual reality game born from the brilliant mind of Sébastien Borget, who is regarded as one of the most influential figures in the blockchain gaming industry. Built on the Ethereum blockchain, it offers a space where users can interact, explore, and engage in various activities. As a decentralised Metaverse project, it allows users to determine the market value of assets rather than relying on software developers. The game features Voxel-Art graphics and shifts the concept of ‘free-to-play’ to a ‘play-to-earn’ model.

Players can earn money in The Sandbox by creating virtual content and objects. The ultimate goal is to establish a mainstream video game entirely based on blockchain technology. The platform simplifies development and introduces a ‘pay-to-earn’ model that rewards top creators. The opportunity for active participation often drives people to invest in Sandbox (SAND).