The virtual landscape appears to be spreading right before our eyes. It may appear that the reforms desired by these corporations and investors are a long way off, but we never know what type of incident may act as a catalyst to transform everything. Regardless, the foundation must be constructed in order to do so. Non-Fungible Tokens (NFTs) with billions of dollars in worth are one item to keep an eye out for. They come in a variety of shapes and sizes. The NFTs seen in video games is one of the most common types. These video games have implemented a method for obtaining and trading NFTs or coins with one another. One of these games is Sandbox (SAND).
What is SandBox
“Play.Create.Own.Govern.Earn.” This is the statement of the network that aims towards building such a game that can be used to do all of these things. The native token of the SANDBOX is the SAND token that is used for the monetizing of the platform and to carry out the transactions happening in the world of SAND Box. The project acts as a DAO. The decisions of the platform are made through the governance system of SAND holders which cast the vote based on who holds the most amount of SAND.
The game is quite similar to an action-adventure first-person game known as Minecraft owned by Microsoft. The players can create, destroy, and built several elements of the game that are very similar to Mojang’s product.
Each creation in the game acts as a separate NFT. This makes sure that the creation and work of artists and developers retain a certain value. Bringing the technology of blockchain into the world of gaming where developers can create their own work.
Current Price Movement – The SandBox (SAND)
At the time of writing SAND is being traded at the price of $3.24. The SAND coin price has increased by almost 6.74% in the past 24 hours. The trading volume on the other hand has decreased by almost 9.14%. SAND is listed on coinmarketcap at 41st spot and has a market dominance of about 0.18%. Even though the market has been down for the past weeks, SAND has been holding pretty well.
The total number of coins is around 3B. The current amount of coins in circulation is around 925M. Around 31% of coins are in circulation.
