We reviewed Sand coin, one of the biggest metaverse projects, for you. What is the Sand coin project in this article? We will try to answer questions such as:
Whose SAND Coin and Which Country?
The first game of The Sandbox, which was created by the co-founders of the game development company Pixowl, founded in 2011, was also released in 2011. After the Pixowl company was sold to Hong Kong-based venture capital and game developer company Animoca Brands for $ 4.9 million in 2018, the Sand coin project was launched based in Hong Kong.
The Sandbox Project and Its Future
The Sand coin project, created on the Ethereum blockchain (ERC), is a metaverse play-to-win game with NFTs. The Sandbox became one of the most talked about cryptocurrencies with its performance in 2021. The game, where players can design a virtual world, is decentralized and community oriented. Facebook, one of the largest companies in the world, changed the name of the company to Meta because of its belief in the metaverse. In addition, many important companies think that the metaverse will have a huge market value in the coming years. Therefore, the native token of The Sandbox, one of the first companies to enter the metaverse, has the potential to rise in the coming years with the development of the sand coin metaverse.
The Sandbox consists of 3 parts in total. These; VoxEdit is the Sandbox Game Maker and Sandbox marketplace. The VoxEdit program allows players to transform and animate real-world products into 3D objects. These products produced in the NFT marketplace can be uploaded, sold and published. In The Sandbox’s Game Maker app, players can create 3D games for free.
The Sandbox says that thanks to these products, “coding knowledge” is not required to produce games.
What is Sand Token? Where to Buy?
The Sandbox, produced by Pixowl, is an Ethereum-based metaverse play-to-win game. A small part of the Sand coin, which was originally produced in 3 billion units, was released. However, at the time of writing, there are 1.28 billion sand coins on the market. Sand coin usage is required in-game.
The names of the lands on which the games in the project perform operations are also referred to as LAND. LAND actually becomes a digital real estate of the players. He can build things on these LANDs and fill them with materials. In addition, players can rent and sell these LANDs through the NFT platform.
A certain price is determined according to the rarity of these products. Previously, Metaverse and NFT developer Republic Realm sold the NFT named ‘Metaflower Super Mega Yatch’, which belongs to the Fantasy Island game it designed in The Sandbox infrastructure, for 149 WETH (approximately 650,000 dollars) at the auction on the OpenSea platform. This transaction was the most expensive NFT sold in The Sandbox metaverse at the time.
The answer to the question of what is the use of sand coin is as follows; Sand coin is used for transactions in the game, purchasing land and getting a share of the governance right. You can buy sand coin from almost all exchanges. The exchanges with the highest volume of sand coin are major crypto exchanges such as Binance, Huobi, KuCoin and FTX. To buy Sand coin from Binance, you need to have more than $10 in your account. Click here to get 20% off Sand coin from Binance, click here to buy from Bitexen.
SAND Coin Review 2022 and Its Future
Many analysts and commentators consider the metaverse and cryptocurrencies to be in their infancy. That’s why projects like The Sandbox are still in their infancy. in possession of $36.6 billion Grayscale, which is the world’s largest in its field with bitcoin and other assets, said that the metaverse market is still taking shape, that it will reach a value of $ 1 trillion in the future as a result of its current momentum, and that it will compete with Web 2.0 companies with a market value of $ 15 trillion currently. He also made similar statements at Ark Invest and JPMorgan. In this direction, it would not be wrong to think that the Sand coin will rise in the coming years.
Sand Coin Weekly View
Sand coin, which was put on the market at a price of $ 0.0083, experienced a great rise in 2021 and rose to $ 8.48. In this process, the crypto money, which showed a growth performance of more than 10,000, experienced a decrease of 92% after the market started to decline and fell to the level of $ 0.8.
Sand Coin Technical Analysis
Sand coin, which has been in a downtrend since its highest level, is watching very close to its falling trend. In case the downtrend is broken, Sand coin has resistances at $2.7 and $4.8 ahead. In case of a downside reaction, the $0.8 levels, which was the previous drop, appear as support.
The cryptocurrency, which is above its 50-day moving average (MA), is well below its 200-day moving average. With the development of the Metaverse and the crypto money market entering a bullish period again, it is thought that Sand coin will reach its upward targets like other altcoins.
At the time of writing, the sand coin is at the level of $ 1.31, while it is traded at TL 23.74 in Turkish Lira. Sand coin, which is the 37th most valuable cryptocurrency in the list made by CoinMarketCap, is around $ 1.7 billion.
Great Deals from Sand Coin
The Sandbox, one of the most valuable metaverse projects of 2021, has made agreements with many famous companies. Hong Kong Leg of PwC, the auditing company serving in 156 countries, announced that it had purchased a land from The Sandbox. In this year; Warner Music Group, which owns many companies such as Atlantic, Warner Records, Elektra and Parlophone, luxury fashion brand Gucci, Japan-based game development company Square Enix, UK-based banking giant HSBC, cold wallet provider Ledger and Standard Chartered, one of the UK’s largest banks. He announced that he had partnered with The Sandbox.
Making deals with such big companies causes Sand coin to be seen as a safe crypto money by many investors.