If you’re interested in Metaverse cryptocurrencies, you’ve probably heard about The Sandbox (SAND); it’s only the second-most valuable Metaverse currency on the market, behind Decentraland. The Sandbox is a 3D blockchain-based Metaverse with tokenized in-game assets like NFTs and RPG elements from traditional games. The Sandbox finished its Alpha season one in December 2021, allowing people to immerse themselves in their virtual environment.
SANDBOX (SAND) – New Land Sale
The SAND price climbed by more than 16 percent this week as the team announced another LAND sale, which included over 550+ LANDs, 8 ESTATE auctions, and Premium NFTs. The Property auction is slated for February 10th at 1 PM UTC, so mark your calendars if you want to purchase some virtual land!
The Sandbox has launched a new version of its LAND smart contract in response to a vulnerability in the original. According to reports, the vulnerability was discovered on December 25, 2021. Existing users must now transition their LAND contracts to the new LAND contract. This, however, comes at no cost to the consumers. In other words, The Sandbox will cover all of the associated gas expenditures.
The Sandbox said that the vulnerability has been patched and the remedy has been audited. It was not abused by any malicious user and is currently secure. Furthermore, they have conducted rigorous inspections of their other smart contracts, and none of them are in jeopardy.
“Upon learning of the vulnerability, we took immediate action to fix the issue,” Furthermore, the business stated. It launched the new smart contract on January 28 after discussing it with developers. Furthermore, The Sandbox implemented a number of security precautions to protect all LAND during the transfer process. The firm also introduced a new migration interface on the same day. This interface is available to all LAND owners in order to move their tokens to the new contract.
Overall, The Sandbox is one of the most eagerly awaited ventures on the market, and their LAND economy is the most active in cryptocurrency.
Softbank, which invested over $93 million in The Sandbox’s Metaverse game, was among the primary investors in The Sandbox. As a result, SAND is one of the safest Metaverse investments, especially if you elect to buy LAND.
SAND is presently trading at $4.20, a gain of more than 14% in the last 24 hours. It has a market capitalization of $3.8 billion and a daily trading volume of $1 billion.
SAND may be purchased on major exchanges including as Binance, KuCoin, Kraken, and others.
