2/17/2023 0 Comments Is sandboxie any goodThe platform is working on bringing Sand coin back into the ecosystem through the Foundation “to support content production through grants to creators and the staking pool.Įxperts expect the crypto market to cool down in 2022, with many digital currencies losing the hype they’ve gained. Metaverse tokens are expected to rise in value as more people learn about virtual reality gaming worlds and are more willing to use cryptocurrency.Īccording to its official website, the platform has no plans to burn any SAND tokens in the near future. You can only use the SAND token in the game itself, for example, which limits its use.Ĭurrently, the global crypto market cap stands at a little more than $2 trillion with that amount fluctuating daily, a significant uptick in value compared to 2021. But given that it’s cryptocurrency-based - a new, high-risk investment in its own right - in the often volatile gaming industry, The Sandbox does appear to be a risky investment. That means the success of this metaverse heavily relies on the gaming community’s interest and the strength of Ethereum - the digital currency that’s powering it.įor The Sandbox to continue growing in value, the game needs to continually attract users willing to play it. However, it’s important to remember that The Sandbox metaverse is a direct extension of the popular mobile game. It also lined up investments from some impressive names including Kingsway Capital, Galaxy Interactive and Polygon Studios. While the game faces competition from Decentraland and Enjin, The Sandbox has already attracted some high-profile partners like Atari, Snoop Dogg and Adidas that could give it an edge over its rivals. Its valuation is likely to increase further with an increased interest in the metaverse. Over the past year, The Sandbox’s valuation soared by more than 11,600%.
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