The Sandbox Protocol is a blockchain-based gaming platform that allows players to create and own virtual assets in a Minecraft-style world. It uses non-fungible tokens (NFTs) to represent these assets, giving players true ownership and the ability to trade them in a decentralized marketplace. The platform also includes a game creation tool that lets players design and share their own games within the Sandbox world.
$SAND Payment for goods and services: The Sandbox protocol uses SAND as its primary utility token, allowing users to buy and sell assets within the platform. Staking: SAND holders can earn staking rewards by participating in governance
Medium of Exchange: $SAND is required to transact Staking Rewards: Crypto investors seeking yield on their $SAND holdings. Staking creates scarcity of Gems and Catalysts, driving demand for the protocol, and rewards stakers with transaction fees.
Providing a platform to build games, assets and experiences and allowing players to play.
Value accrual to token: $SAND is the primary payment method for goods and services within The Sandbox protocol. As demand for these goods and services increases, the value of $SAND may also increase due to supply and demand dynamics. Value accrual to protocol: The Sandbox protocol captures value through a 5% transaction fee, with 50% of that fee being paid to $SAND stakers as a reward. The other 50% is used to fund grants that aim to improve and enhance the protocol, leading to further value creation.
The business model for The Sandbox protocol: Revenue comes from: Transaction fee on all $SAND transactions. Revenue is denominated in: $SAND tokens. Revenue goes to: Protocol's treasury and validators who secure the network. Treasury funds protocol development, marketing, partnerships. Validators receive a portion of transaction fees as staking rewards (currently 16%).
|Problems & Solutions
Problem: Players cannot often+ truly own and monetize their in-game assets on traditional game platforms, leading to less investment of time and money. Solution: The Sandbox Protocol combines Minecraft-like game style with NFT-based asset ownership to enable players to truly own and trade their in-game assets. Players can earn rewards through staking and governance participation, incentivizing them to invest more and leading to a more engaged player base.
Decentraland - A virtual world where users can create, experience, and monetize content and applications. Somnium Space - A social VR platform where users can create, explore, and monetize their virtual experiences and assets. CryptoVoxels - A blockchain-based virtual world where users can buy, build, and monetize their digital land and creations.
... coming soon
3 billion $SAND minted.
Migration to Polygon
The Sandbox is migrating to the Polygon ecosystem.