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Bitvavo makes The Sandbox as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
The Sandbox is a platform that uses blockchain technology to allow users to create, experience, and trade their own digital worlds. Through the use of non-fungible tokens (NFTs), The Sandbox offers users greater freedom and ownership in the gaming industry. Users can store in-game items such as land, clothing, and characters as NFTs in their own crypto wallet, giving them full control over their assets. They can also trade their assets on a marketplace.
Users of The Sandbox can develop their own interactive 3D worlds, games, and artworks using various tools and features provided by The Sandbox. These include a visual builder for creating objects, a scripting language for advanced interactions, social features such as chat and collaboration, and a platform for earning money by playing play-to-earn (P2E) games.
SAND is the utility token of The Sandbox and is used for transactions such as purchasing land, items, and services within the platform. It also acts as a governance token, allowing holders to vote on decisions regarding the development and improvement of the ecosystem.
The Sandbox was founded by Sebastien Borget and Arthur Madrid. Sebastien Borget has over 10 years of experience in the gaming and blockchain industry and has contributed to several successful projects. Arthur Madrid is an entrepreneur with extensive experience in game development. The Sandbox is currently managed by Pixowl Inc.
The team behind The Sandbox consists of over 60 people with expertise in various fields, including game development, blockchain technology, artificial intelligence (AI), and finance.
The Sandbox has several applications, including:
The Sandbox is built on Ethereum and uses smart contracts. For NFTs, the platform uses the ERC-1155 token protocol, which allows for the aggregation of different types of assets into a single token. This ensures efficiency and interoperability on the platform.
The Sandbox uses voxel technology to create 3D objects. It also has integrations with external tools such as Blender and VoxEdit, allowing users to create and import 3D models into their creations.
The Sandbox development environment consists of the following components:
SAND is an ERC-20 token and plays an important role in The Sandbox ecosystem. It has several functions: first, the SAND token is used as a means of payment for transactions and purchases within the virtual world of The Sandbox. For example, users can purchase land, assets and other virtual items with their SAND tokens.
SAND also acts as a reward system for users who actively contribute to the platform. By playing play-to-earn (P2E) games, players can earn SAND tokens. In addition, users can also earn money by developing and selling their own games on The Sandbox.
The Sandbox distinguishes itself through the following features:
Both The Sandbox and Decentraland are blockchain games that integrate cryptocurrencies, but there are key differences between the two platforms.
The Sandbox focuses on content creation and allows users to develop their own virtual worlds and assets using the Game Maker tool. Decentraland, on the other hand, focuses more on building a decentralized virtual world where users can socialize, trade, and participate in activities.
There are several ways users can earn money with The Sandbox:
You can buy The Sandbox (SAND) at Bitvavo, a platform that is accessible to both beginners and experienced traders. Follow these steps to buy SAND on our website or via our mobile app:
After purchase, The Sandbox tokens will be automatically added to your Bitvavo account. Here you can also easily sell the SAND tokens, allowing you to quickly trade based on market changes.
Store your The Sandbox safely in your Bitvavo account, where we store the majority of customers’ digital currencies in cold wallets that are managed offline for maximum security. Enabling two-factor authentication (2FA) is highly recommended as an extra layer of security.
If you want to store SAND in another wallet, most software and hardware wallets support The Sandbox. You can buy SAND at Bitvavo and transfer it to an external wallet by first registering the address in your Bitvavo account.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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Trading digital assets involves significant risks. Digital assets are highly volatile and you may lose some or all of your investment. The information on this page does not constitute advice, and should not be relied upon as such. Bitvavo is registered with the Dutch Central Bank (DNB) with registration number R163129. More info can be found in our Risk Disclosure.
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