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Cryptocurrencies/Coins/The Sandbox (SAND)
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The Sandbox(SAND)

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$0.385267
(-2.43%)
0.00000580 BTC
Market Cap (Rank#90)
$878,882,485
13,229 BTC
Vol 24h
$50,428,227
759.035 BTC
Circulating Supply
2,281,231,926.22
Max Supply
3,000,000,000
8 days agocoindesk
The Sandbox Raises $20M at $1B Valuation, SAND Rises 4.5%
Metaverse platform The Sandbox has raised $20 million at a $1 billion valuation as it looks to enhance its user-generated multiplayer gaming platform.
32 days agocoindesk
‘We're Doing it, We Believe in it’: The Sandbox’s Nicola Sebastiani on Bringing Gaming to the Metaverse
The Chief Content Officer, who is speaking at Consensus this month, says 280,000 Sandbox users are now generating creating games and experiences on the platform.
52 days agocoindesk
In Mexico’s Biggest Election Yet, Crypto Remains on the Sidelines
Mexico is poised to have its biggest election ever in a few weeks, with 100 million voters choosing 628 elected officials, thousands of local officials and the president. And crypto issues will remain on the sidelines during the campaign.
57 days agonulltx
Bitcoin (BTC) Whales Dump $75 Million In BTC For ETFSwap (ETFS), Ethereum (ETH) Whales Follow Suit 
Large-scale investors holding thousands of Bitcoin (BTC) and Ethereum (ETH) have begun to dump their assets in favor of more lucrative investment prospects. Notably, several Bitcoin (BTC) whales have been seen selling off their BTC assets amid the current downward trend in the cryptocurrency market.  Many of these high-volume investors […]
66 days agocoindesk
Solana Meme Coin Generator Pump on Track for $66M Yearly Revenue
The tool has made over $5 million since going live in early March, with thousands of tokens issued daily.
72 days agocoindesk
UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT
The DSS will last five years and could lead to a new regulatory regime for securities settlement.
78 days agocoindesk
Call of Duty Cheaters Allegedly Lose Their Bitcoin as Hackers Target Gamers With Malware
The malware has already impacted hundreds of thousands of players and the numbers are still growing, as per malware market informer @vxunderground.
78 days agocoindesk
Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal
The initiative is aimed at combating fraud and will kick in at the start of next year.
88 days agocoindesk
Where Is Nayib Bukele Actually Storing El Salvador's Bitcoin?
Last week, the sats stacking president of the "Land of Many Volcanoes" announced he was moving the country's thousands of BTC into a bitcoin "piggy bank."
92 days agocoindesk
El Salvador Has Thousands More Bitcoins Than Previously Known
The Central American nation moved $400 million in BTC into a cold storage wallet this week.
92 days agocoindesk
Hong Kong Starts New Phase of CBDC Testing
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.
116 days agonulltx
The Crypto Craze: The Sandbox (SAND), Avalanche (AVAX), and Meme Moguls (MGLS) on the Rise
The cryptocurrency market is buzzing with excitement, and several projects are making headlines for their exceptional performances. Leading the charge is The Sandbox (SAND), driving a bullish trend, and experiencing a recent 9.08% surge. Similarly, Avalanche (AVAX) is experiencing a robust period, with its native token AVAX breaking through resistance […]
128 days agocryptopotato
Blockchain Life 2024 in Dubai – Waiting for ToTheMoon
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132 days agonulltx
Sandbox $SAND Struggles To Rebound Amid Lack Of Buying Volume
The Sandbox cryptocurrency, currently ranked 63rd, faces significant challenges in its attempt to rebound, with a loss of 16% over the past 30 days and struggles to gain traction in the past 24 hours due to a lack of buying volume. On-chain data has revealed that four wallets associated with […]
133 days agocryptodaily
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Dogecoin and Shiba Inu are the pioneers of the memecoin market. Both projects have inspired the creation of thousands of memecoins and continue to push the market to new highs
136 days agocryptopotato
The Revolutionary Massa Ecosystem is Launching Now
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148 days agocryptodaily
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154 days agocryptopotato
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157 days agocryptopotato
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Internet Computer (ICP) soared by 247% in 2023. During its growth, ICP became the 16th largest cryptocurrency by market cap, flipping the number two memecoin, Shiba Inu. Now, in 2024, Internet Computer looks to rebuild its reputation and has attracted thousands of bullish investors. Meanwhile, Meme Moguls, an exciting new P2E altcoin, also looks to […]
164 days agocryptopotato
Here’s Why SEI Price Hit an ATH Today
With its market cap of nearly $1.8 billion, SEI surpassed crypto assets like SAND, AXS, and FTM.
165 days agonulltx
Market Shift: Investors Move Away from GALA and The Sandbox Towards Promising New Cryptocurrency
TLDR: Rebel Satoshi ($RBLZ) provides a 150% return on investment, securing its position among the new ICOs. Experts believe GALA could soar to $0.120 in 2024. The Sandbox’s (SAND) recent update could push SAND’s value to $1.15. With 2024 on the horizon, crypto enthusiasts and investors are deliberating on top […]
165 days agonulltx
Investors Opt for Pullix (PLX) Over Decentraland (MANA) and Sandbox (SAND) for Long-Term Gains
Decentraland (MANA) recently saw an upswing of 28% in value, which has resulted in a solid momentum. The Sandbox (SAND) was also positively affected by this, yet many investors are turning their attention towards the Pullix (PLX) crypto for the most significant gains. As a result, we will be going […]
171 day agonulltx
Polygon’s Native Token, MATIC, Displays Resilience Amidst Challenges
Despite candid admissions from Polygon’s MATIC founder, Sandeepnailwal, regarding the “painful ride” experienced throughout 2023, the platform is wrapping up the year on a positive note. MATIC, the native token of Polygon, has witnessed a significant uptick in value over the past week, managing to emerge from a position of […]
172 days agocryptopotato
The Sandbox Enters ‘Depression’ Phase – Is Now the Time to Acquire SAND?
The Sandbox's 'Depression' Phase could represent a window of opportunity for SAND holderes to strategically position themselves for potential future gains in the market.

About The Sandbox?

The live price of The Sandbox (SAND) today is 0.385267 USD, and with the current circulating supply of The Sandbox at 2,281,231,926.22 SAND, its market capitalization stands at 878,882,485 USD. In the last 24 hours SAND price has moved -0.011709 USD or -0.03% while 51,940,684 USD worth of SAND has been traded on various exchanges. The current valuation of SAND puts it at #90 in cryptocurrency rankings based on market capitalization.

Learn more about the The Sandbox blockchain network and how it works or follow the price of its native cryptocurrency SAND and the broader market with our unique COIN360 cryptocurrency heatmap.

The Sandbox is a blockchain-based decentralized virtual gaming metaverse run on Ethereum. Built by combining the features of decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs), The Sandbox allows users to create, build, buy, and sell digital assets using its native utility token SAND as its in-game currency.

Launched back in 2011, The Sandbox is the brainchild of Arthur Madrid and Sebastian Borget, co-founders of Pixowl. In 2018 Animoca acquired Pixowl, announcing its goal to create a 3D sandbox-style game using blockchain technology. In August 2020, The Sandbox raised $3 million for future operations through an initial coin offering (ICO).

The Sandbox is unique from other crypto metaverse projects as it aims to integrate blockchain technology into mainstream gaming by facilitating a ‘play-to-earn’ (P2E) model, where players who have no previous coding skills can contribute to the platform's ecosystem as creators and gamers simultaneously. With SAND serving as a utility token, SAND holders are also able to exercise their right to vote on crucial decisions regarding the governance of the network via a decentralized autonomous organization (DAO).

SAND price

According to our SAND/USDT live price chart, SAND registered an all-time high of $0.09 on Aug. 14, 2020, however, after that the token failed to show any noteworthy rallies until Q1 of 2021 when it saw its first bull run, going from $0.04 on Dec. 24, 2021, to around $0.1 on Jan. 21, 2021 — marking a gain of 312%.

However, SAND continued this upward trend in the coming months as it set a new all-time high, going from $0.09 on Jan. 28, 2021, to $0.9 on March 28, 2021 — a whopping gain of around 970%. However, as the broader crypto market was hit by a severe crash in May 2021, SAND lost most of its gains.

It wasn't until June when SAND price started to move again as it rallied from $0.1 to around $1.2 by Aug. 30, 2021. Although the token fell under $1 again in the coming months, it set a new strong rally in autumn of 2021 when Adidas announced it would be partnering with the Metaverse gaming project, this saw the token jumping from $0.7 on Oct. 20, 2021, to just above $8. on Nov. 25, 2021 — a surge of 1,000%+ in just 36 days, marking a new all-time high. This put SAND’s fully diluted valuation at $24 billion.

SAND could not, however, hold on to these gains as the crypto market saw another crash in 2022. While SAND price traded below $1 in May 2022, it remains a popular gaming/metaverse token, ranking in the top 3 for the category, under ApeCoin (APE) and Decentraland (MANA).

How SAND works

At its core, The Sandbox Metaverse uses a proof-of-stake (PoS) consensus mechanism where stakeholders with the biggest holdings ensure that the platform is secure and transactions are carried out smoothly. The system rewards stakers a share from the SAND pool depending on how much they have staked.

The Sandbox also allows players to buy digital land, called LAND, which is limited to 166,464 NFTs. Players can populate their LAND with their own creative ideas to share with other players. Some of the key components in The Sandbox include:

SAND: SAND is the platform's main utility ERC-20 token used to facilitate in-game transactions like purchasing LAND, interaction with user-generated content (UGC), and staking to vote on the the decentralized autonomous organization's (DAO) governance.

Asset tokens or Non-fungible tokens (NFT): These tokens are ERC-1155 and ERC-721 tokens, more commonly knowns as NFTs. These are in-game items that can be bought to inhabit your LAND, like avatars, animations, etc, which can be traded/bought on The Sandbox marketplace.

While The Sandbox uses a rather simple straightforward consensus mechanism, the blockchain gaming platform offers some intricate yet easy-to-use development tools to help players create, build, sell, and populate their LAND even if they have no prior coding knowledge. 

The Sandbox gaming ecosystem offers three integrated services that together provide a broad experience for user-generated content (UGC) production:

VoxEditor: The main element of The Sandbox game are 3D pixels called voxels. The 3D voxel modeling package allows users to create animated 3D objects such as characters, foliage, animals, and avatar-oriented equipment (clothes, weapons, etc), these objects can then be exported to The Sandbox marketplace to become game ASSETS.

Marketplace: The Sandbox marketplace allows users to upload, publish, and sell the digital assets (ASSETS) they created to other Sandbox players. However, before these ASSETS can be bought and sold using SAND, they are first registered as ERC-1155 and ERC-721 tokens on the Ethereum blockchain.

Game Maker: The third and final most important ecosystem product is the Game Maker. Game Maker allows users to build and place ASSETS they created or bought from The Sandbox marketplace on their LAND. Game Maker also lets creators implement unique gameplay mechanics to ASSETS, turning each LAND into a potential fully developed game.

SAND news, updates, and highlights

The Sandbox made a $3 million token sale through the Binance launchpad in Aug. 2020. The initial exchange offering (IEO) took place on Aug. 13, via a lottery format through the Binance platform. The Sandbox has also already secured 50 partnerships with renowned companies, one of them being Square Enix, a Japanese game developer, and publisher who helped raise $2 million through an investment round in 2019.

In September 2021, The Sandbox announced that legendary rapper Snoop Dogg would be joining its Metaverse. The rapper would be setting up his mansion, NFT collection, and performing live concerts in the games Metaverse. Furthermore, The Sandbox would be offering Snoop Dogg avatars available for purchase. It would also be introducing carefully designed and curated virtual Doggfather items like his personal car collection, NFT art, dogs, and much more. 

During a fundraiser in Nov. 2021, The Sandbox raised a whopping $93 million through SoftBank’s Vision Fund 2. The funds would be put towards the growth of The Sandbox creator’s economy as the platform expands into virtual concerts, fashion, and architecture. 

In Q4 of 2021, the sports apparel giant Adidas confirmed that it would be partnering with The Sandbox to develop an “adiVerse”, a virtual footwear wall with the Metaverse platform. The sportswear company purchased LAND on The Sandbox hinting at future NFT projects which saw SAND’s price rally on Nov. 25, 2021.

Frequently asked questions about SAND

  • Can you mine or stake SAND?

The SAND token is secured on the Ethereum blockchain using the proof-of-stake(PoS) consensus mechanism, which means it cannot be mined. However, it can be staked to earn rewards, with your earnings depending on how much you stake. 

  • What are some of the best SAND wallets?

SAND is an ERC-20 token which means it can be stored on both online and hardware wallets. The Sandbox does not provide its own wallet but you can use MetaMask, Atomic Wallet, and Trust Wallet. However, if you are more interested in hardware wallets, Ledger Nano S and Trezor One are suitable options.

  • What can you do with SAND?

Users can use SAND tokens to vote on the ecosystem's governance via a decentralized autonomous organization (DAO), buy LAND in The Sandbox, stake them to earn rewards or trade them for other cryptocurrencies like BTC and ETH

  • How to buy SAND?

You can buy SAND against SAND/BTC, SAND/ETH, and SAND/USDT trading pairs on exchanges like OKX and HitBTC and MEXC, or by using fiat currency with on-ramp services.

The Sandbox Price0.385267 USD
Market Rank#90
Market Cap878,882,485 USD
24h Volume50,428,227 USD
Circulating Supply2,281,231,926.22 SAND
Max Supply3,000,000,000 SAND
Yesterday's Market Cap870,387,136 USD
Yesterday's Open / Close0.393252 USD / 0.381543 USD
Yesterday's High / Low0.39743 USD / 0.372535 USD
Yesterday's Change
-0.03% ( 0.011709 USD )
Yesterday's Volume51,940,684 USD
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