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The sandbox coin price prediction1/9/2023 Most long-term forecasts for SAND are bullish with many anticipating a new price record. With the bearish crypto market and the drop in metaverse hype, SAND has been stuck in a long-term depreciating trend.Īt the time of writing, on 1 June 2022, it is sitting at $1.43, down 83% from its high last November. It eventually lost this momentum and the price of the metaverse token came crashing down. That was until November 2021, when it ballooned to its all-time high of $8.44 on 25 November. Take SAND for example, since launching at $0.05 in August 2020 it saw a gradual climb but was not able to pass the $1 mark. However, the metaverse bubble seems to have burst afterwards, which is especially visible when looking at the price of virtual world tokens. Its token rocketed in price, along with rises in sales in its NFTs, and monthly average users. The metaverse bubbleĪfter Facebook rebranded to Meta and announced its venture into the metaverse, there was a boom in virtual worlds and The Sandbox was no exception. However, experts are conflicted on whether the hype around metaverses will last. With both The Sandbox and Decentraland finding success, there appears to be enough space in the market for both of the virtual worlds. Participants of this event can win a weekly prize of 250,000 SAND. This cross-compatibility could see it tap into Minecraft’s millions of players.Ĭurrently, the virtual world is running an event with Snoop Dogg where owners of his avatar NFTs are given a unique experience each week. The virtual world has even collaborated with Minecraft work to allow players to import their creations. The Sandbox’s many partners include The Walking Dead, Adidas, and Hell’s Kitchen. Partnerships and events are also helping the metaverse stand out. Users can also create their own games on The Sandbox platform. Vo圎dit allows anyone to create their own sellable and usable NFTs using 3D pixels titled voxels. The voxel editor and game maker have allowed The Sandbox to stand apart from its competition. Over a recent seven-day p[eriod, Decentraland had an NFT trading volume of $719,000, against The Sandbox’ $1.02m On the other hand, The Sandbox’s NFT sales are overshadowing the assets sold by its main competitor, according to NFT Stats. MANA is number 35 out of all cryptocurrencies, while SAND is five places below it. ![]() SAND is trailing behind Decentraland’s token in the market capitalisation rankings. Its closest rival is Decentraland, another decentralised metaverse that is very similar in concept, which has its own MANA token and real estate for players to purchase. While The Sandbox may have first-mover advantage, it is not entirely safe from competition. Plenty of brands and crypto projects have announced their own virtual universe projects. Standing out in a crowded marketĪfter the mainstream explosion of metaverses in 2021, the market has quickly become saturated. He is also now a board member of Animoca Brands, the Hong Kong-based game software and venture capital company founded in 2014 by Yat Siu. He is the chief executive of both The Sandbox and Pixowl. The $4.87m acquisition by Animoca Brands assisted in turning The Sandbox into what it is today.Īrthur Madrid is the leader behind this project. The Sandbox started off as a mobile game built by the studio Pixowl, which eventually blossomed into this decentralised virtual universe. Finally, users can purchase interactive NFTs and create their own assets, which take advantage of the ERC-115 standard. LAND is an ERC-721 NFT that represents a digital piece of real estate in the metaverse. SAND is the native token that is used for transactions across the ecosystem. There are three types of assets that are integral to The Sandbox experience. This has allowed it take advantage of the benefits of crypto, such as launching its own ERC-20 token and hosting an NFT marketplace. The decentralised and community-driven platform has been built on the Ethereum blockchain. ![]() It offers users a virtual world where they can build and monetize their own creations and gaming experiences. With the metaverse going viral, The Sandbox is one of the chief players in the space. This is especially damning as technology giants such as Facebook and Microsoft have announced plans to enter this space.īut what about The Sandbox price predictions for 2030?Forecasters appear to be unaffected by SAND’s depreciating tendency and have given positive price predictions for the next decade. However, a recent bearish trend has thrown doubt in whether SAND can sustain its previous success. ![]() The Sandbox’s metaverse profited from this with its token, NFT sales and userbase surging in November 2021. Last year saw virtual worlds play a major role in internet culture.
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