The boom of NFTs and blockchain games has piqued the interest of the Pakistani crypto community.
And why is that so?
Well, owning virtual land, creating avatars, and earning from it was something unheard of before. Since now this is easily possible, Pakistani users are more than restless to join the bandwagon and participate in the metaverse AI games.
One such recent popular decentralized game among Pakistanis is Sandbox. Let’s learn more about it!
What is Sandbox Coin?
Sandbox Coin is a cryptocurrency created by Argentina’s blockchain game developer, Sandbox. The Sandbox, a game that produces a voxel of one’s own, is making a splash amongst a legion of Pakistani users as it enables them to create their outlook on the world, buildings, or gears. Simply staking in land within the game, crafting in person, and leasing land generates the sandbox coin.
What is Sandbox (SAND) Cryptocurrency?
The Sandbox is a community-based and decentralized online world that Pakistanis of any skill level may explore. Within the confines of this domain, Pakistanis can create, distribute, and sell in-world items.
The Sandbox metaverse is only one of the numerous blockchain-based virtual worlds currently being developed to reshape the gaming industry’s competitive landscape and compensate content producers for the value they contribute through user-generated content. These different universes are linked together by a decentralized ledger known as a blockchain.
Who founded Sandbox?
Arthur Madrid founded Sandbox, now serving as Chief Executive Officer for the organization, and Sébastien Borget, now has the role of Chief Operating Officer for the company. It seeks to integrate blockchain technology into traditional gaming as an appeal to gamers interested in cryptocurrencies and provide the benefits of genuine ownership, digital scarcity, monetization capabilities, and interoperability in conventional games for those not interested in cryptocurrencies.
When was The Sandbox founded?
Sandbox started in 2012 with a primary emphasis on mobile platforms, which led to more than 40 million global installs on mobile devices. Using NFTs and LANDs, the Sandbox has laid the foundation for the Players & Creator’s 100% Ownership Economy over the previous three years. This economy will be wholly owned by its participants and those who create it. The initiative from strategic investors such as Hashed, Square Enix, and True Global Ventures has secured a total of $3.41 million in United States dollars in funding. Their team has already launched into beta testing many highly effective creative tools.
In November of 2021, The Sandbox successfully solicited financing from a group of investors led by the mobile industry titan SoftBank in the sum of $93 million. The Sandbox has secured over sixty collaborations to generate content for the platform. These partnerships include illustrious video game firms like ATARI and game brands like Smurfs and Shaun, the Sheep. They also have DApp game studios like Dapper Labs (creators of CryptoKitties) and Square Enix (developers of Final Fantasy and Tomb Raider) (Rollercoaster Tycoon, Pong).
History of The Sandbox
A company named Pixowl developed the Sandbox coin. Arthur Madrid established the company Pixowl in 2011 and began to launch Sandbox’s Appstore in 2012. Nine months later, Pixowl released the android-version Sandbox, and one year later, it was rated as the most excellent blockchain game, racking up somewhere between 10 million downloads. Afterwards, through collaboration with global game companies such as Steam, Sony, etc., Pixow.
How to buy Sandbox Coin in Pakistan
- Create an account: First and foremost, you will need to sign up for an account on any exchange that supports trading SAND. Some popular exchanges include Gate.io, Binance, and Bitget.
Coin-Labs is one of the few official partners of Gate.io. Therefore, if you sign up for Gate.io through the button below, you can receive the highest-rated fee discount.
- Login to your account: Ensure you are logged into your cryptocurrency exchange account. Click “Buy Crypto” in the Menu Bar at the very top of the screen, and then you can deposit PKR fiat currency on your exchange.
- Buy SAND: You must input the number of SAND coins you wish to purchase and identify a payment channel. The next step is to click “Continue.”
- Payment verification: On the screen where you make your payment, you can click the “Buy now” button if everything looks good. You must complete the details to pass the Identity Verification and receive your order.
Users must go through the Identity Verification process with a third-party service provider to ensure a speedy and risk-free method of getting their orders (KYC). After the verification has been completed successfully, the service provider will immediately begin transferring and exchanging SAND to your wallet.
How to use Sandbox in Pakistan
Sandbox is a virtual world that enables Pakistanis to build and personalize their video games and other digital assets by providing access to various free creative tools. Non-fungible tokens (NFTs) later commercialize the newly created virtual products that have the potential and trade on The Sandbox Marketplace in exchange for SAND tokens. The token is the essential component of every transaction and interaction within the game context.
Users can purchase SAND on cryptocurrency exchanges or participate in activities and competitions on The Sandbox. In addition, owners of SAND tokens can “bet” their tokens within the game to gain advantages, such as a portion of the profits from all transactions involving SAND tokens. Clicking the “Bet” button on the game’s main menu places a bet. The most crucial advantage of staking SAND is an increase in the potential of discovering valuable CATALYSTS and GEMS. Developing rarer ASSETS requires these game components; thus, having a higher chance of finding them is crucial.
Decentraland vs. Sandbox
Decentraland and The Sandbox aren’t the same, despite many similarities. Some of the essential variations between the two are listed below:
Decentraland had a cap on land plots at 90,601 NFTs, but The Sandbox contains 166,464 land NFTs. The Sandbox contains four different sorts of tokens, whereas Decentraland has three: MANA, LAND, and WEAR. The maximum supply for Decentraland is 2,193,785,227 MANA, whereas the top collection for The Sandbox is 3,000,000,000 SAND tokens.
The market value of Decentraland is $4.5 billion, whereas the value of the tokens held by The Sandbox is $3.3 billion. The Sandbox has a thorough roadmap and intends to roll out the platform to mobile devices by the end of 2022, which is more important. The roadmap for Decentraland, in contrast, may be less ambitious. While Decentraland relies on its DAO for development, The Sandbox is more centralized and has seasoned video game creators. The prominent partnerships between Decentraland and Cyberpunk, Polygon, and Atari.
In contrast, The Sandbox has partnerships with Snoop Dogg, the Walking Dead, and CryptoKitties, in addition to the ability to export its assets to OpenSea. Interestingly, Atari has staked out property on The Sandbox. Lastly, The Sandbox offers better graphics and design because it is more recent than Decentraland. In contrast, Decentraland, which launched the 3D blockchain Metaverse, could be more impressive. Users of Decentraland can only purchase land NFTs within their marketplace.
Lastly, The Sandbox offers better graphics and design because it is more recent than Decentraland. In contrast, Decentraland, which launched the 3D blockchain Metaverse, is somewhat unimpressive.
How does Sandbox work?
The Sandbox is a living, breathing virtual world with other users’ creations. Players can generate their own NFTs, such as avatars, virtual items, and even games, by utilizing VoxEdit and Game Maker programs. They can use the virtual goods to engage with other players and monetize these NFTs by exchanging them on the Sandbox Marketplace to make money.
Technology used in Sandbox
The Sandbox platform is now wholly run on Ethereum, which keeps track of who owns specific tokens and allows owners to trade, sell, or utilize their tokens freely. IPFS stores all of the information associated with ASSETS and ensures that the appropriate owners cannot alter the data without the prior agreement of the relevant owners. The ERC20 standard is tokens for SAND, GEM, and CATALYST, whereas the ERC1155 and ERC721 criteria are for the storage and trade of LAND and ASSETS, respectively.
A standard backend that runs on the cloud (now AWS) and integrates blockchain technology supports Sandbox’s web interface. An S3 bucket is a repository for a pre-mined artist’s assets. The team anticipates that in the future, even The Sandbox will only be able to access a post-minted artist’s work. In contrast to how things are right now, in which The Sandbox safeguards the privacy of an artist’s work (so that it bans pre-minted copies) to prevent forgery from being made, this new development works to prevent duplicates from being made entirely.
When a user-generated content asset is “minted,” the Sandbox backend publishes it on IPFS and makes it available for public trading. The hash of each ASSET is stored in the Sandbox smart contract so that the ASSET’s owner can always have rights to the voxel model and numerous renderings, also the number recorded on the blockchain (which is where many initiatives in the blockchain gaming industry stop). This contract allows the ASSET’s owner to demonstrate ownership of the ASSET at any time.
Is Sandbox a good investment for Pakistanis?
It is essential to remember that price predictions, particularly for something as illiquid and unpredictable as Bitcoin, are sometimes inaccurate. Additionally, it is necessary to note that an algorithm typically generates long-term price forecasts for cryptocurrencies, which implies that these forecasts are subject to alter at any time.
Sandbox price prediction 2023
Gov Capital first provided a price forecast for SAND. According to this forecast, the Sandbox crypto price might end the year at around $4.28. After that, the website projected that it may drop to less than $4.08 by September 27, 2023, and then it could move to slightly less than $ 10 a year after that.
Sandbox price prediction 2025
The website provided the Sandbox price prediction for 2025, indicating the cryptocurrency would begin the year at a little less than $17.14 before increasing to $18.77 by September 27 and finishing the year at approximately $26.28. If all goes according to plan, the token will be valued at $28.75 on September 27, 2026, and it will most likely sell for under $40.66 a year later.
Furthermore, they stated that the token might trade at $1.04 this year, $1.49 the following year, and $2.26 the year after that. According to the website, the value of SAND might reach approximately $3.34 by 2025 and then rise to $4.81 the following year.
Sandbox price prediction 2030
The projected Sandbox’s price was $6.99 in 2027, with the possibility that it would rise to $10.36 the next year and finish the decade at $14.61. The website offered a Sandbox price projection for 2030, saying it may trade at an average price of $21.03 before reaching a potential cost of $30.26 in 2031.
Captain AltCoins Sandbox crypto price prediction
Similarly, CaptainAltCoin predicted that the token’s price in the Sandbox would reach $0.9041 by the end of 2022. According to the site, its potential value in September 2023 might be $1.30. The value of the Sandbox crypto may reach $3.49 in 2025 before taking a downward turn to $1.99 by September 2027.
Wallet Investor’s Sandbox crypto price prediction
In conclusion, Wallet Investor presented a price projection for Sandbox that was somewhat less bullish than its competitors. According to the website, the value of the metaverse token might drop a little during the subsequent twelve months, reaching a trading price of $0.118 in September 2023. On the other hand, there is a chance that the price will increase to $8.74 by 2030, and the website speculated that the Sandbox price will be $17.47 in 2040.
There is an excellent probability that the Sandbox will be a good investment choice over the long run. According to our SAND forecast, the value of the SAND token will continue to increase as the cryptocurrency community becomes more involved in the metaverse. This upsurge will result in significant gains for several decades to come. NFTs are also becoming more widespread, which will benefit Sandbox’s price.
Coin-Labs only provides objective information about Sandbox. Therefore, we are not responsible for the investment decision in Sandbox and the resulting loss.
