With every passing day, the number of gaming platforms is increasing. As more gaming platforms are becoming interlinked with blockchain technology, it is predicted now that bitcoin will change businesses, we will observe extra projects emerging to legalize and monetize the experience involved in gaming. One of these projects is the Sandbox. This crypto platform is already in operation and has become one of the topmost projects of this domain in the crypto world and users’ community.
Sandbox is making an exclusive Metaverse gaming environment for the users. It already has millions of users on board with it. Below is the analysis of what sandbox has on its plate to offer its users and is this innovation worthy of its hype?
- The platform of Sandbox has embraced the original idea and not just the usual decentralization of gaming on blockchain technology. This crypto platform has the aim of transforming the idea of developing a full gaming universe by using the blockchain technology of Ethereum cryptocurrency.
- The token utilized in the Sandbox will be a lot more than just assets. These tokens become the rights that are given to the user to get the real gaming experience.
- Furthermore, the completely decentralized protocol of Sandbox makes it more convenient and simple for its users to purchase, sell or trade a variety of goods and services offered in the Metaverse of the Sandbox.
- As we all are well aware of the fact that in today’s time the world is being ruled by non-fungible tokens (NFTs). These have become the latest wave in the crypto world. It would not be wrong to say that the Sandbox is utilizing this innovative technology in the best possible way. The NFTs utilized by the platform converts every virtual real estate or land into a full-fledged and exclusive asset that turns into a revenue maker for its owner.
- All those NFTs that have paired with the decentralized protocol in the Sandbox platform make sure to provide safe and protected ownership of the Metaverse assets.
- These NFTs bring their users three products:
- VoxEdit: This product is a 3D editor that allows its users to develop or create an object with voxel graphics. By using this tool, users can create various virtual buildings, cars, avatars, and other objects easily.
- Game Maker: This product is a shell that has tools that help the users of the platform to create all levels of games including scripts on a particular fraction of asset or land. This product also has a variety of templates that allows its users to craft their scripts.
- Marketplace: This is just like a store for selling, purchasing, and trading products as well as services. Furthermore, it allows its users to examine the games of other creators. If you are in search of purchasing or selling any asset or avatar, you need to visit the marketplace.
- When we talk about the SAND token we face a huge economic limitation. Significantly, this token is not fully developed. It exists just to connect the variety of elements of the ecosystem of Sandbox. The SAND token has a price that is only marginally a bit greater than that of the game token on any usual MMO.
- Having this financial limitation is causing loss as only a limited audience is having the Sandbox. In simpler words, the SAND token is useful to game developers or gamers. The people that have SAND tokens have rights and opportunities which are restricted to game use and creation only.
- The Sandbox is still a very new project that was released almost six to seven months ago. But still, the complete implementation of this digital project is not planned for at least until 2023.
The Sandbox is a Metaverse platform and is going to grab a lot of attention with every innovation in this technology. If you people are thinking of investing your money in the Sandbox project, do your proper research about it. Though we have presented a list of pros and cons in the article above there are still things that you need to research.