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The Sandbox(SAND)

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0.00001477 BTC
Market Cap (Rank#54)
27,384 BTC
Vol 24h
3,810 BTC
Circulating Supply
Max Supply
9h ago cryptopotato
Bloodbath: The Reasons Behind, SOL, MATIC, ADA, SAND Crash Today
Here are a few possible reasons behind today's bloodbath in the altcoin market.
21h ago cointelegraph
US Justice Department charges two men in Mt. Gox Hack
The Justice Department claims Alexey Bilyuchenko and Aleksandr Verner took control of a Mt. Gox server and stole 647,000 Bitcoin from the exchange.
1 day ago cryptodaily
Explore the Enigmatic Galaxy: Embark on an Immersive Journey in the IC1101 Metaverse
IC1101 is committed to providing a more immersive, fun, and autonomous experience than the current metaverse. IC1101, named after its astronomical designation, shines with infinite, mysterious light in the vast universe. As one of the largest known galaxies in the universe, IC1101 represents a huge, mysterious, and spectacular existence. It undoubtedly contains endless wonders and unknowns waiting for human exploration. IC1101 is a mysterious galaxy, a new metaverse project name, and a super immersive multi-dimensional universe platform dedicated to providing a more immersive, fun, and autonomous experience than the current metaverse. Participants will be able to explore the mysterious qualities of IC1101 and discover endless possibilities within it. Current metaverse projects often have limitations in terms of graphics, immersion, and participant decision-making power. IC1101 aims to solve these limitations and take the realism, participation, and activity of the metaverse world to a new level. So, can it stand out in fierce competition and become a dark horse? Let us embark on the journey of IC1101 together, explore this mysterious galaxy, and find the answers. When Adventure Meets Creativity In the world of the metaverse, a fascinating worldview is particularly important: it not only determines the style of the project and the immersion of the players, but also opens up more imagination space for storytelling. As a galaxy full of wonders and fantasies, IC1101 has a unique and captivating worldview, bringing unprecedented experiences to participants. The worldview of IC1101 is based on diversity and freedom. Eight major races converge in this galaxy, each with unique appearances and abilities. From appearance to cultural customs, from ideological concepts to social structures, the differences between races in IC1101 are rich and inclusive. In this galaxy, players will be able to explore the blending and mutual influence of diverse cultures, and feel the interaction and cooperation between different races. IC1101 also provides players with great freedom and creativity. Players can choose their own role identity, create unique appearance and personality traits, and participate in various exciting activities and scenarios, such as driving spaceships to explore unknown planets in the galaxy, discovering hidden cosmic secrets; They can also join teams, collaborate to solve complex puzzles and tasks, and experience the fruits of cooperation and unity. At the same time, players can also trade in the economic market of IC1101, buying and selling various precious resources and items, and developing their own wealth and power. Overall, IC1101 combines elements of science fiction, fantasy, and mystery. Players will find themselves in a colorful and mysterious interstellar world, where every exploration and adventure brings new surprises and challenges. But how will this worldview be realized through technology? Multi-platform support attracts different user groups. Overall, IC1101 is an immersive metaverse platform based on a multi-chain architecture that allows users from different public chains to easily connect. Through the introduction of token economics and NFTs, users can have their own digital assets and ownership, and can engage in social and game cooperation to complete tasks, satisfy their desires, and earn rewards. IC1101's appeal is not just in its technological innovation and diverse universe construction, but more importantly, in its ability to attract different types of user groups. Before introducing specific products and technologies, it is worth considering who will be interested in the metaverse. We can divide IC1101's audience into two categories, heavy gamers and casual gamers. The former includes tech enthusiasts and gamers who have some technical expertise and equipment requirements, are interested in immersive virtual experiences, and pursue the ultimate experience; while the latter are more focused on commercial and social aspects, such as enterprises or projects interested in Web3 business models, and players who want to find more social opportunities and new friends in the virtual world. Based on the needs of different user groups, IC1101 provides two products to meet their expectations: IC1101 World and IC1101 Space. IC1101 World: A more immersive metaverse world. IC1101 World is a more immersive metaverse world. In terms of technology and graphics, it is created using the Unreal Engine 5, with outstanding image quality that forms a strong contrast to most of the current metaverse projects made with the Unity engine, which tend to be low-poly in style. In actual gameplay experience, we can see finely detailed graphics similar to those of AAA games, including finely detailed building details, dynamic blur during movement, and reflection of ripples on the water surface, all of which make players feel fully immersed in a virtual world. In terms of scene design, IC1101 World provides more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also serve different purposes, such as Sony's music hall, which can be used for music playback and related artist activities. In terms of scene design, IC1101 World offers more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also have different functions, such as Sony's music hall, which can be used for music playback and artist-related activities. In addition, virtual assets have been mapped more realistically in the IC1101 World, and players can directly view and purchase NFTs in the mall, change outfits, and become a 3D image of the NFT, which also provides possibilities for more collaborative creation. IC1101 Space: Lower Threshold for Participation IC1101 World will bring better graphics and a more immersive world to players, but the cost is higher hardware requirements for accessing devices. A well-configured computer may be needed to smoothly enter the metaverse. However, not everyone is a hardcore gamer or an extreme immersion seeker. For more casual players who want to experience the scenes and interactions of the metaverse, IC1101 provides another option: IC1101 Space. IC1101 Space can be accessed through a simple browser login, presented in the form of a webpage, making it convenient and fast to use. Although the graphics may not be as detailed as the World version, they significantly lower the barrier to entry, making them particularly suitable for commercial and social users. In IC1101 Space, players can take on their own roles and participate in online displays and interactions. Compared to traditional social media platforms, IC1101 Space provides richer ways of interaction. In the same scene, players can communicate and greet others, have deeper interactions with organizations, media, and partners they are interested in, bringing them closer together. Immersion is not the first choice for social demand orientation, as it is more important to allow more people to participate in the activities together. IC1101 has achieved this very well. It is worth mentioning that the user data and scenes of the two versions, IC1101 World and IC1101 Space, are interoperable. This means that users can choose different login methods according to their own needs, but their behavior is visible in both versions, and together they influence the world of IC1101. This versioning method for different user groups can attract more users and provide better experiences for different types of participants. This is relatively rare in current metaverse projects, and many projects may not have considered this layered demand. For hardcore players and explorers who are looking for ultimate graphics and immersion, IC1101 World provides a more immersive metaverse experience. For casual players who want to participate in metaverse social and business activities, IC1101 Space provides a lower threshold for participation. Whether for technology enthusiasts, gamers, business users, or social users, IC1101 can meet their needs and create new digital experiences and lifestyles for them. A sense of participation puts the galaxy within reach. The essence of social interaction is a sense of participation. People are the sum of social relationships, and in many metaverse projects, simple display and gathering are only a one-way and low-interaction social relationships, which cannot give players a strong sense of participation. Over time, players will feel empty and boring, and a rich and fulfilling virtual world seems out of reach. Therefore, the metaverse also needs to be built around a sense of participation, so that users are willing, good at, and immersed in this virtual world, becoming "digital natives" in the metaverse. In addition to excellent graphics and sensitive user segmentation, IC1101 is also working on a sense of participation. Firstly, in terms of social aspects, in IC1101, users can enter with their own NFT digital avatars, and can also use these avatars within IC1101. This way, users can communicate with others in the virtual world through their digital avatars. Through functions such as lobby chat, private chat, friend teaming, community tasks/activities, live streaming, and social media sharing, users can establish emotional connections with others. In addition, users can also enhance friendships by sending friends gifts. These social functions not only allow users to display their digital avatars in IC1101, but also to establish real social relationships with others. Next, let's delve into the gaming aspect. IC1101 is committed to creating interactive gaming spaces. In the world of IC1101, users can indulge in a wide variety of casual games, enticing more Web2 multi-users to migrate to the Web3 world. With diverse gaming experiences, IC1101 offers users more interactive and entertaining choices, allowing them to have a stronger sense of engagement within the game. In addition, IC1101 provides a whole new shopping experience. Users can present and sell 2D NFTs purchased on other platforms in a 3D manner within IC1101. Furthermore, brand collaborations are able to bring users a shopping experience beyond reality. By partnering with brands, IC1101 has created a 3D NFT digital mall, offering users a completely new way of shopping and experiencing. Finally, IC1101 also allows users to participate in scenario decision-making. Users can vote to decide the functions of buildings and scenes implemented in the metaverse world. This way, users can participate in the construction process of the metaverse, express their opinions and ideas, and further enhance their sense of participation in IC1101. Expert Team The project members of IC1101 are a group of creative industry experts with an average of 15 years of experience in their respective fields. The team members are located in North America and Asia, and have worked for globally renowned companies such as Dfinity, UBISOFT, Disney, Unity SF, and Konami. They have had long-standing partnerships with top global companies such as Blizzard, EA, Sony, and Amazon, and have participated in the development of many well-known products such as Hearthstone, World of Warcraft, Diablo, Harry Potter, New World, and The Last of Us. The team members have a great passion for the Metaverse project and a deep understanding of it. They are familiar with the concept and development trends of the Metaverse, and are committed to creating an exciting and meaningful virtual experience for users. The strength and partnerships of the IC1101 team have laid a solid foundation for the success of the project. Their professional knowledge and rich experience will ensure that IC1101 can provide the best technical solutions and continuously drive the development of the Metaverse. The team's goal is to create a realistic and engaging virtual world for users where everyone can experience unlimited possibilities and fun. SPACE X 3.0: Immerse Yourself in the Advanced Metaverse Even before its official launch, IC1101 offers a unique opportunity for an early experience that everyone has been eagerly waiting for. On June 6th, starting at 10:00 AM, IC1101 is hosting a significant event called "SPACE X 3.0" Demo Day, providing a vital chance for those interested in the project. This event will showcase the latest developments of the IC1101 project and allow participants to have a firsthand experience of its remarkable products. "SPACE X 3.0" Demo Day will take place in IC1101 Space. Participants will enter this metaverse in the form of digital avatars and engage in interactions with others. The event will offer a diverse range of experiences, including airdrops of tokens and real-time PvP competitions. From the scenes of the event, it's apparent that the inaugural Demo Day has attracted thousands of visitors and garnered support from 30 VCs and 8 media outlets. This demonstrates the convenience, immersion, and engagement that IC1101 provides to its participants. Beyond the event itself, we are also highly excited about the future of the IC1101 project. Through the showcase at Demo Day, IC1101 will unveil its enormous potential and prospects as a real metaverse to the world, bringing users more innovation and thrilling experiences. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago cryptodaily
Robinhood Delists Solana, Cardano, and Polygon
Trading app Robinhood will remove Solana, Cardano and Polygon from its platform come June 27. The move comes after the SEC alleged that several crypto tokens are unregistered securities. Robinhood Markets Inc. announced today that it would end support for Solana (SOL), Cardano (ADA), and Polygon (MATIC) as of June 27. No Other Coins Will Be Affected The trading app informed users they would no longer be able to trade the tokens on its platform just days after the SEC labelled several popular cryptocurrencies unregistered securities. The regulator made the allegations in a lawsuit against crypto exchange Binance and its CEO, Changpeng Zhao. The lawsuit names Cardano, Polygon, Solana, Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The suit also identified the BUSD and BNB stablecoins as securities. Robinhood limited its delisting to SOL, ADA, and MATIC and said to users that no other coins would be affected and would remain safe on its platform. It had been reported that the trading app would review its cryptocurrency offerings. On Tuesday, the company’s chief legal officer, Dan Gallagher, told Congress that it is “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Gallagher, a former SEC commissioner, testified before the House Agriculture Committee during a meeting on digital assets. SEC Sparkes Chaos in the Crypto Market The securities agency filed lawsuits against two of the largest cryptocurrency exchanges – Binance and Coinbase. According to the SEC, Binance mishandled customer funds and deceived investors and regulators about its operations. It further alleged that both Zhao and the exchange failed to restrict US customers from its platform and charged Binance with operating as an unregistered securities exchange. The agency filed suit against Binance’s rival platform, Coinbase, accusing the exchange of acting as an unregistered broker, exchange, and clearinghouse. The SEC charged Coinbase for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago coindesk
Mt. Gox's Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment
The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.
1 day ago nulltx
Muscle Up! TMS Network (TMSN) Takes Out The Sandbox (SAND) and Aptos (APT) in 2023 Rumble
In a thrilling 2023 rumble, TMS Network (TMSN) flexes its muscles, overpowering rivals The Sandbox (SAND) and Aptos (APT). With its relentless determination and innovative prowess, TMS Network (TMSN) emerges as a force to be reckoned with in the cryptocurrency arena. This article will explore The Sandbox (SAND), Aptos (APT) and discover how the groundbreaking […]
2 days ago coindesk
Aave-Developed Lens Protocol Raises $15M to Expand 'Social Layer' of Web3
Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.
3 days ago cryptodaily
XRP and Solana are two bluechips showing bullish price movement, can Tradecurve challenge them?
Despite the recent lawsuit against Binance that accuses them of selling unregistered securities, XRP remains unnamed, and pro-crypto lawyers are still anticipating a win in the SEC vs Ripple. Solana&rsquo;s charts show bullish potential, although SOL is one of the coins that may be affected by the SEC. Tradecurve, currently in presale, recognises the growing problems of regulation in the US and offers a solution for traders around the world. >>BUY TCRV TOKENS NOW<< Ripple lawyers remain confident of a win The crypto market reels from the latest Binance lawsuit from the SEC, that could see coins such as SOL, ADA, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities. However Ripple is notably absent from the lawsuit, adding strength to Ripple lawyer John Deaton&rsquo;s argument that XRP will not be declared a security. Deaton now anticipates that the case will come to a close around the end of September. He expects either an outright win, or the potential that a cut off line will be drawn that allows Ripple to officially not be a security. He also predicted a potential price for the XRP token assuming that the outcome is favorable, saying that &ldquo;I certainly believe that somewhere between $2 and $10 is reasonable&rdquo;. Solana is named in the SEC vs Binance lawsuit. Although Solana has been demonstrating bullish potential from a technical analysis point of view, the recent Binance lawsuit names Solana&rsquo;s coin SOL in the lawsuit, as an unregistered security. This isn&rsquo;t the first lawsuit that Binance have faced, and similarly to the XRP vs Ripple case, the judgment could go either way. Still it&rsquo;s not great news for the layer 1 chain, and Solana&rsquo;s price has fallen by 7% over the last 24 hours, currently trading at around $20 per coin. Solana and the other tokens and coins named in the lawsuit, may take comfort in the words of John Deaton, who believes that it may be possible for future redemption even if they do get named as securities. This is because once cryptocurrencies like Solana achieve a significant level of decentralization, there is a possibility that they could transition from being classified as securities to being recognized as commodities. Is Tradecurve the answer to regulatory woes? As the US continues to pursue aggressive anti crypto regulations, in what Nic Carter sees as a concerted effort to de-platform crypto from the banking system, the need for regulation free platforms increases. This could be where Tradecurve gets its chance to shine, offering a borderless and KYC trading platform that combines the financial products of TradFi, including commodities, stocks and bonds, and of course, crypto. Tradecurve are based in St Vincent and Kitts where offering these products are legal. Tradecurve follows Binance and other exchanges such as Gemini, who are increasingly looking to move their operations outside of the US. Tradecurve&rsquo;s token is TCRV, and is currently in stage 3 of presale. TCRV is changing hands at $0.015 and will launch at a minimum price of $0.088. Experts are predicting a rise as big as 1000x once it is listed on Uniswap and tier 1 CEXes. Learn more about TCRV and the future of the project here: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3 days ago cryptodaily
Louis Vuitton To Debut New NFT Collection For Top Customers
French luxury fashion house Louis Vuitton has announced that it will be launching a new physical-linked NFT collection called Treasure Trunks. The collection is the first in a series of projects by the luxury brand that look to offer the brand&rsquo;s elite clientele with exclusive perks and experiences. The Treasure Trunks Collection The collection will consist of a few hundred NFTs, with each Treasure Trunk NFT coming with a matching made-to-order Louis Vuitton trunk. A Louis Vuitton trunk sells for tens of thousands of dollars. The collection will open for registration on the 8th of June, 2023. It will only be available to consumers who are based in the United States of America, France, Canada, the United Kingdom, Japan, Australia, and Germany. Select customers will be able to purchase the NFTs from the 16th of June onwards, with each NFT priced at $42,000. Treasure Trunk NFT holders will also receive a physical replica of their Treasure Trunk. This will unlock exclusive access to upcoming Louis Vuitton products and exclusive immersive events. The luxury brand also plans to release further limited-edition experiences and products regularly. Part Of A Larger Project The collection is part of a larger initiative by Louis Vuitton called Via, from the Latin word for road. Treasure Trunk NFT owners can also purchase digital keys and gain access to future Louis Vuitton NFT collections. Furthermore, the Treasure Trunk NFTs and future NFTs will be sold as soulbound tokens. This means holders will not be able to transfer them to others once they have been purchased. Holders will also not be able to sell their Treasure Trunks. Louis Vuitton&rsquo;s Foray Into Blockchain And NFTs The luxury brand has been expanding its presence in the blockchain ecosystem for several years. In 2019, its parent entity, LVMH, announced plans to roll out the Aura blockchain to help with the tracking of luxury goods. In 2021, Louis Vuitton announced a partnership with fellow luxury brands Prada and Cartier to create the Aura Blockchain Consortium. The primary aim of this consortium was to crack down on counterfeit products. It also released a free-to-play game called &ldquo;Louis The Game,&rdquo; offering players the chance to win 30 NFTs to celebrate the brand&rsquo;s 200th birthday. Several other brands have also looked at experimenting with NFTs and blockchain. Balmain has been developing an NFT-backed club exclusively for its niche customers. Another brand, Ralph Lauren, is hosting exclusive events for Web3-initiated customers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days ago cryptodaily
The Rise of Meme Tokens and How They're Driving Exchanges to Embrace Unconventional Trends 
Meme coins have experienced an unprecedented rise in interest and value. With exuberant community support, meme coins are largely associated with meme images, cartoon characters, and animals. Dogecoin, SHIBA INU, and the recent Pepecoin ($PEPE) are a few of the top-selling meme coins in the crypto space. These coins have gained thousands in price surges in the shortest period. Offering investors ample opportunities to make significant profits based on a small investment. The trending meme coin, $PEPE, barely a month after its release, reached a whopping $1.5 billion in market cap. And a Spot Trading volume exceeding $2.7 billion. This value, according to various reports, rivaled Bitcoin&rsquo;s Spot Trading on the top crypto exchanges within the same timeframe. A testament to these coins&rsquo; ability to generate gargantuan returns for investors. $PEPE&rsquo;s initial price at the time of launch was a mere $0.000000001 and with a total token supply of over 420 trillion. Since listing on top exchanges, the meme coin experienced a price surge of over 3000%. While it has suffered countless sell-offs from early investors looking to make huge profits, Pepecoin is still ranked as one of the top 100 coins (number 78) based on market cap, per CoinMarketCap. Again, substantial proof of its unprompted leap in price in the shortest time possible. The Role of Exchanges and How Early Listing Impact Investors&rsquo; Returns Crypto exchanges enable the seamless purchase of Bitcoin, altcoins, and meme coins alike. They are committed to providing customers with the hottest coins on the market, allowing them to become early investors. Now, why crypto exchanges are core components of the industry, obviously, their effect on the market continues to grow daily, partly a work of meme coins. How? These crypto exchanges understand the influence meme coins have on the market and investors. Hence why they are constantly on the lookout for the next hot project. To better understand the impact of early listing and how these exchanges actively influence investors&rsquo; returns, we&rsquo;ll use $PEPE and LBank, and other exchanges as examples. Via LBank&rsquo;s Articles Section, the global crypto exchange announced its decision to list the newly launched meme coin, $PEPE on its platform. Per the source above, the listing was scheduled for April 18, 2023, at 8 AM (UTC). LBank claimed the meme coin was a feasible, high-quality coin for its users. 12 days later, OKX Exchange announced its decision to list $PEPE. The result? An 850% surge in price. LBank users enjoyed a whopping 850% increase in their investment. Bitget Exchange also listed $PEPE the same day as LBank and since then (until the time of writing) has raked in returns exceeding a 5346% increase in price for investors. Substantial proof of early listing&rsquo;s impact on investments. Besides $PEPE, the listing of emerging meme coins like $PSYOP, $GEN, $SPONGE, $AIDOGE, $BEN, and $RFD further shows the role exchanges play in price surges. According to available market data, LBank, MEXC, and HUOBI are at the forefront of early token listings. For the previously mentioned emerging meme coins, LBank was the first to list 5 out of the 6 tokens&mdash;$BEN, $PSYOP, $RFD, $GEN, and $SPONGE. With MEXC Exchange listing $AIDOGE first and HUOBI following behind. In line with this data, LBank also recorded the highest gains for these meme coins, except for $AIDOGE and $BEN where MEXC recorded the highest gains. LBank Exchange: $PEPE; 6387% $AIDOGE; 19364% $BEN; 313% $PSYOP; 433% $RFD; 216% $SPONGE; 296% $GEN; 716% MEXC Exchange $PEPE; 2259% $AIDOGE; 70429% $BEN; 353% $PSYOP; 0% $RFD; 138% $SPONGE; 0% $GEN; None HUOBI and recorded impressive gains&mdash;2710% and 2324%, respectively&mdash;for $PEPE. However, listing a day after LBank and Bitget cost their users over 2300% value increases on their investments. How Meme Coins are Driving Unconventional Innovation As these crypto exchanges compete against themselves by constantly searching for potentially hot coins, one thing stands out&mdash;their willingness to openly embrace unconventional projects. By actively seeking out new projects to list, crypto exchanges show their commitment to supporting peculiar projects. Although meme coins are loosely based on famous memes, animals, or characters, they have become an avenue for experimentation in the web3 space. Meme coins are continually pushing the boundaries of conventional investments and attracting a diverse audience. Comprising a community of exuberant individuals committed to contributing to the growth of a project. By fervently seeking the next big meme coin, exchanges are encouraging developers to keep experimenting and launching unique projects. Additionally, the rise of these meme coins is proof of the impact of the internet and meme culture. Memes have become a huge part of the internet and social media experience. And by listing meme-based coins, exchanges are tapping into a potentially replete environment with millions of global supporters waiting to be onboarded. Speaking about these meme coins and how they're opening doors for mass adoption, Johnasson Chen, co-founder of LBank reiterates that the pursuit of meme coins contributes to the resilience and diversity of the emerging web3 ecosystem. &ldquo;Staying on top of the market for memes is crucial to delivering top-notch investments to our users as early as possible. The pursuit of meme coins also contributes to the overall diversity and resilience of the Web3 ecosystem. The inclusion of such coins alongside more established cryptocurrencies fosters a healthy balance between established projects and innovative newcomers, allowing for a continuous cycle of disruption and growth,&rdquo; the co-founder said. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days ago cryptodaily
OKX Partners with Komainu, Enabling 24/7 Secure Trading of Segregated Assets Under Custody for Institutions
ST HELLIER, Jersey, June 6th, 2023, ChainwireOKX, the world&rsquo;s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of segregated assets under custody through the OKX platform.Launched in April of 2023, Komainu Connect reduces client counterparty risk by removing the need to store collateral with trading counterparties, and offering the ability to keep assets in safe custody instead.Nicolas Bertrand, CEO at Komainu, said: &ldquo;This strategic partnership marks a milestone in our mission to provide secure and compliant digital asset custody solutions. OKX's reputation as a leading cryptocurrency exchange, combined with our expertise in institutional-grade custody services is paving the way for a new era of trust and innovation in the industry.&rdquo;Sebastian Widmann, Head of Strategy at Komainu, said: &ldquo;Komainu Connect is rapidly emerging as the leading collateral management solution. Partnering with one of the world&rsquo;s largest crypto exchanges is a testament to the infrastructure and expertise committed to this service and our focus remains on seamless execution for all parties.&rdquo;Lennix Lai, Global Chief Commercial Officer at OKX, said: &ldquo;Institutions need the peace of mind that comes with knowing their assets are being kept safe with a leading custodian, while retaining their ability to capitalize when investment opportunities arise. That is why we are delighted to partner with Komainu to allow investors a way to keep their assets secure while not compromising on returns.&rdquo;The off-exchange settlement and tripartite mirroring solution is a significant step forward for large-scale institutional crypto traders requiring immediate access to OKX's market-leading portfolio margin account mode and liquid markets.Komainu was established in 2018 to provide institutions with a secure and compliant custody service for investment in digital assets. Launched in June 2020, Komainu currently custodies assets for exchanges, financial institutions, asset managers, corporations, and government agencies.Find out more about why institutions choose OKX here.About OKXOKX is a world-leading technology company building the future of Web3. Known as the most reliable crypto trading platform for traders, OKX&rsquo;s crypto exchange is the second largest globally by trading volume.OKX&rsquo;s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.OKX partners with a number of the world&rsquo;s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.To learn more about OKX, download OKX's app or visit: okx.comAbout KomainuKomainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger. Offering multi-asset support with regulatory compliance, Komainu is merging traditional financial services with leading security standards for the next generation of institutional custody. Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu is regulated by the Jersey Financial Services Commission (JFSC) and Dubai Virtual Assets Regulatory Authority (VARA). For more information, visit https://www.komainu.comMedia Contact: Armel Leslie, Peaks Strategies, +1 (914) 320-7620, [email protected] announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific [email protected]
4 days ago cryptodaily
SEC Calls Solana, Cardano, Polygon Securities In Binance Lawsuit
The United States Securities and Exchange Commission (SEC) has alleged that popular cryptocurrencies such as Cardano (ADA), Polygon (MATIC), and Solana (SOL) are unregistered securities. The regulator made the allegation in a lawsuit against Binance and its CEO, Changpeng Zhao. Prominent Cryptocurrencies Classified As Securities The lawsuit names an extensive list of cryptocurrencies apart from Cardano (ADA), Polygon (MATIC), and Solana (SOL). The three rank among the largest and most prominent cryptocurrencies in the market. The other cryptocurrencies mentioned include Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti ( COTI), and Axie Infinity (AXS). The lawsuit has also identified the BUSD and BNB stablecoins as securities, further compounding the seriousness of the situation. Furthermore, the SEC lawsuit also alleges that Binance has listed crypto assets that have previously been the subject of enforcement action by the SEC. These include several assets, such as TRX, UST, AMP, and REP. This, according to the Securities and Exchange Commission, indicates a reckless disregard for securities regulations by Binance and its executives. However, the lawsuit does not mention Litecoin (LTC) or Ethereum (ETH). Additionally, Securities and Exchange Commission Chair Gary Gensler has clarified that the SEC views Bitcoin as a commodity. However, he has suggested that a vast majority of other tokens in the market are securities. Token Value Tanks Several tokens saw a considerable drop in price following the news of the SEC lawsuit. Among the hardest hit was Solana, which saw a 6% drop, sliding to $20 in just an hour. Algorand, another asset mentioned as a security in the lawsuit, saw its value drop by 9.9% following the news. SEC Chair Gensler has previously spoken quite positively about the asset. Polygon saw a drop of 7%, while Polkadot dropped by 6.9%, according to data from CoinGecko. The Lawsuit Against Binance And Zhao The Securities and Exchange Commission unveiled its lawsuit against Binance on Monday. The commission had sued the world&rsquo;s largest cryptocurrency exchange and its CEO, Changpeng Zhao, for alleged violation of several US securities laws. According to the SEC, Binance has been offering its users unregistered securities trading platforms and offering unregistered crypto asset securities sales. &ldquo;The Securities and Exchange Commission today charged Binance Holdings Ltd. (&ldquo;Binance&rdquo;), which operates the largest crypto asset trading platform in the world,; U.S.-based affiliate, BAM Trading Services Inc. (&ldquo;BAM Trading&rdquo;), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.&rdquo; One of the key charges against Binance involves the company&rsquo;s US operations. According to the Securities and Exchange Commission, Binance and BAM Trading, the Binance.US operator, operated as exchanges in the United States of America without registering with the SEC, in addition to being clearing agencies and broker-dealers. According to the SEC, certain cryptocurrencies were offered as securities on Binance&rsquo;s primary international exchange and Binance.US. &ldquo;Binance and BAM Trading have unlawfully engaged in unregistered offers and sales of crypto asset securities,&rdquo; the lawsuit states. &ldquo;In so doing, they have deprived investors of material information, including the risks and trends that affect the enterprise and an investment in these securities.&rdquo; The Securities and Exchange Commission also alleged that Binance secretly controlled its US operations, allowing high-value US customers to evade restrictions and divert billions of dollars worth of customer funds. Binance has refuted all allegations made by the SEC. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days ago nulltx
TMS Network (TMSN) is the Force Awakened, Overpowers Avalanche (AVAX) and The Sandbox (SAND)
In the ever-evolving world of cryptocurrencies, TMS Network (TMSN) has emerged as a force to be reckoned with. Currently in the fourth phase of its presale, TMS Network (TMSN) has seen an astonishing 2000% increase in its token price, raising over $6 million so far. This remarkable performance has outshone other notable cryptocurrencies such as […]
5 days ago cryptopotato
Bitcoin Price Tumbles Below $27K, The Sandbox (SAND) Soars 6% Daily (Market Watch)
SAND is among the few exceptions in the green today.
5 days ago cryptodaily
Potential Ripple IPO On The Cards?
According to Eleanor Terrett, Ripple and its underwriters met Wall Street investors as they look to generate interest in a potential IPO. An IPO On The Cards? Several rumors suggest that Ripple may go the IPO route following the conclusion of its long-running lawsuit against the Securities and Exchange Commission. This became a topic of discussion on Twitter, where it was revealed that the company held a private roadshow event in April, during which company executives met Wall Street investors with the goal of generating interest for an IPO. Eleanor Terrett, Fox Business Journalist, picked up the news, tweeting, &ldquo;In April, @Ripple hosted a private &ldquo;road show&rdquo; (a marketing event where a company and its underwriters meet with potential investors to generate interest in an IPO). I&rsquo;m told it was attended by just about every reputable institutional investment firm on the Street.&rdquo; John Deaton, a pro crypto attorney, noted that Ripple could be in a relatively good position depending on the outcome of the summary judgment. Deaton believes that an outright win for Ripple or a mere slap on the wrist could show that ongoing and future sales of XRP are not securities. &ldquo;If @Ripple wins the SEC lawsuit or gets the functional equivalent of a slap on the wrist, along with a ruling that ongoing and future sales of #XRP are not securities, the lawsuit will prove a blessing in disguise for Ripple.&rdquo; Long Running Lawsuit Nearing The End Deaton also commented on the potential outcome of the lawsuit, stating that there is a minimal chance (less than 3%) that the Securities and Exchange Commission can score an outright win against Ripple. Deaton has been a vocal supporter of Ripple&rsquo;s fight against the SEC, and was speaking during the June 3rd episode of the Good Morning Crypto podcast. Apart from his predictions about an outright Ripple victory, he also added that there was a 50% chance that Ripple could emerge victorious through a &ldquo;splitting the baby&rdquo; ruling. The last option is a reference to Judge Torress drawing a line in the sand, potentially ruling that XRP was offered as an unregistered security before 2018. However, following the Hinman documents, it could be possible that cryptocurrencies could make the transition from securities to commodities once they are sufficiently decentralized. Deaton added, &ldquo;I think that XRP itself is going to be deemed not a security and that I think that secondary market sales show comment. Even if [Judge Torres] does rule finding that Ripple violated the law, that doesn&rsquo;t apply to secondary market sales.&rdquo; Decision Before the 30th of September Ripple&rsquo;s executives have been predicting an end to the lawsuit from the Securities and Exchange Commission for a while. Deaton also believes so and predicted that Judge Torres would likely make a final ruling before the 30th of September. He pointed to what he called a &ldquo;six-month list&rdquo; that district judges have to file before Congress and added that Judge Torres has never been on the list. The list contains details of all summary judgments that have been pending for longer than six months. Deaton has also given his predictions about the price of XRP following a positive ruling, stating that the token&rsquo;s value could hover between $2 and $10. He also urged the Ripple community to mark the 13th of June, which is when investors would discover if XRP was the topic of discussion between the SEC staff before the Hinman speech. The Hinman files will be unsealed on the 13th and could dramatically impact the case. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days ago cryptodaily
Dusk Network rebrands to Dusk - Regulated and Decentralized Finance
Rebranding marks the start of a new era with a focus on pilots and onboarding partners. Amsterdam-based fintech Dusk Network rebrands itself as Dusk. The company has matured over the last 5 years, and after focusing on research and development, it is now time to begin disclosing pilots and partnerships, and ramp up business adoption. The old brand was more associated with technological pioneering, while the new visual branding of Dusk has been designed to appeal to the financial industry without reneging the blockchain foundation. After 5 years of research and development, Dusk Network rebrands into &lsquo;Dusk&rsquo; Dusk shifts focus to pilots and onboarding partners A more business-oriented approach and international expansion plans for adoption Dusk was created in 2018 with the ambition to use blockchain technology for financial empowerment and economic inclusion. The vision was to create a &lsquo;network&rsquo; - hence the name - where institutions would create instruments inexpensively, and users would harvest them directly. Neither vision nor ambition have changed, but it takes a lot of commitment and a mature legislative framework. In the past years, the focus was on research and development; how to provide the technology to realize all this? Groundbreaking research and codes were one of the results, with the launch of a first testnet in 2022. Regulated and Decentralized Finance By dropping &lsquo;Network&rsquo; from the name, and adding the tagline &lsquo;Regulated and Decentralized Finance&rsquo;, the brand represents both its ambition and vision in a clearer way. The transition into a more mature company blends in seamlessly with three key pillars when it comes to realizing their ambitions; bringing real-world assets to people's wallets, compliance, and privacy. These three pillars underscore everything Dusk has been building and is the driving force behind all decisions made. These pillars are key for everyone to have access to real-world financial instruments and to exert complete control over that which they own. Without compliance, mass adoption remains a fantasy. This is why Dusk is such a strong proponent of Regulated Decentralized Finance (RegDeFi). Without compliance with well-made regulations, crypto can never leave the crypto sandbox. &ldquo;Dusk Network was founded in 2018 and in that time we&rsquo;ve worked tirelessly to create the technology to unite the worlds of crypto and real-world assets and to bring financial freedom and inclusion to everyone. With the rebranding of Dusk, it feels like we&rsquo;re entering a new era, moving forward as a scale-up and can finally trial our tech stack with the onboarding of pilots. Besides that, we focus on new partnerships and business development&rdquo;. - says Emanuele Francioni, founder & CEO at Dusk. Onboarding partnerships and embarking pilots During an exclusive network and relationship dinner, a sneak peek of the new brand was revealed. It was part of an engaging moment of connection with partners, prospects and game-changers in the industry. During the event, Emanuele Francioni, founder and CEO of Dusk elaborated on recent business developments. Dusk made a strategic investment in the London-based startup OutDID, as part of the development of self-sovereign identity and to tie in with its own KYC products, Citadel and Shelter. All these will contribute to smarter use of and access to data, tying back to the three main pillars of Dusk. A partnership with NPEX, the licensed MTF exchange, to participate in the European Union Distributed Ledger Technology Regime (DLTR). Together with a top-tier financial institution, the aim is to make the first MTF for asset tokenization under this exemption. Also new upcoming partnerships with Mavryk (tokenized real estate), Cosimo X (already an investor), and IPwe (intellectual property-backed debt instruments) were mentioned. The new brand identity accelerates the more mature direction of the company, with a cadence of business development announcements coming up in the next months. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days ago cointelegraph
Web3 Gamer: GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review
GTA 6 crypto and NFT integration speculation mounts, Top Gear and Dr Who in The Sandbox, and Thailand’s rubbish NFT hunt for tourists.
8 days ago cryptodaily
Sparklo (SPRK) Becomes the Most Sought-After Token as Uniswap (UNI) And Stellar (XLM) See Varying Price Trends
In a market filled with thousands of tokens, Sparklo prides itself as one of the most sought-after tokens at the moment, with more investors looking to capitalize on the project's high potential. Meanwhile, it has been a day of varying price actions for tokens like Uniswap (UNI) and Stellar (XLM) as both look to scale past their support level. More investors join the Sparklo (SPRK) project as the ongoing token presale gains more ground The Sparklo project has caught the eye of investors as more numbers join the project amid an imminent positive price trajectory. Sparklo is an innovative investment opportunity on the blockchain which allows investors to invest in valuable solid treasures like Silver, Gold and Platinum. These timeless treasures can be traded using fractionalized NFTs that act as digital placeholders. The SPRK token is looking to replicate the growth of Bitcoin as crypto experts suggest an over 2,000% growth in the price value of the SPRK token before the end of the year. Investors will get the SPRK token at the price of only $0.030 per token currently. Early investors will also get a 50% bonus offer which lasts until the 2nd of June 2023. This means you have unlimited time to join the project and benefit from this opportunity. It is worth noting that Sparklo has passed its audit with Interfi Network. The BlockAudit Report Team has also approved the project's KYC. To prevent a rug pull and ensure the safety of investors' assets, the liquidity of the SPRK token will be locked for 100 years. This is the time to invest in this project that has the potential to become the next blue-chip crypto. As such, we recommend you join this opportunity now. You can click the link to invest. >>>> BUY SPRK TOKEN HERE <<< Uniswap (UNI) sees a slight price slump Uniswap (UNI) is a decentralized protocol that facilitates the automation of crypto trading while also solving liquidity issues on its network. Within the last 24 hours, Uniswap's (UNI) price has been stagnant, with the coin losing only 0.53% of its value. As a result, Uniswap (UNI) is currently trading at the price of $5.03. The trading volume of Uniswap (UNI) took a deep dive as it lost 23.32% in trading volume and is currently at $29,377,114. Uniswap (UNI) has shown stability in recent days, with the Uniswap (UNI) coin gaining 2% in the last 48 hours. Uniswap (UNI) is one of the few promising tokens in the crypto market at the moment. However, Uniswap (UNI) coin holders have joined the ongoing Sparklo presale, which crypto experts project will offer a better return on investment. Crypto experts already predict that the Sparklo token will rise exponentially in the year. Stellar (XLM) shines as it witnesses a significant price rally Stellar (XLM) is a decentralized network that works on a peer-to-peer basis to connect financial systems with individuals in need of it for swift payment transactions. Stellar (XLM) is gearing up to become the base layer for the thrilling-dollar stablecoin market which will see it provide fast and secure payments in real time. This development was made known in a published article on the Stellar (XLM) official website, which also highlighted fundamental ideas that should be considered when backing a fiat-backed stablecoin. Stellar (XLM) has seen a 2.06% price increase in the last 24 hours. This has raised the price of Stellar (XLM) to $0.092 currently. However, the trading volume of Stellar (XLM) declined to 16.12% within the last 24 hours. The last 48 hours' price chart of Stellar (XLM) is also bullish. While Stellar (XLM) investors hope that the coin continues its bullish price movement, some have joined the ongoing Sparklo presale to make gains. Sparklo is presently offering a 50% bonus on token purchases which will end in a few hours. Investors are joining to benefit from it. Find out more about the Sparklo presale: Website: Presale: Twitter: Telegram: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
9 days ago coindesk
Pixel Penguins, an NFT Charity Scam, Shows Dangers Of NFT Influencer Culture
Behind every PFP with thousands of followers on Twitter is a person. And in Web3, it’s not always best to trust one person’s word on whether or not to mint into an NFT collection.
9 days ago zycrypto
Polygon’s Co-founder Pushes For Gaming Revolution As Crypto’s “Largest Scale Opportunity”
Sandeep Nailwal, a co-founder of Polygon, believes the once-bubbling blockchain gaming industry can make a comeback and drive the next mass adoption of crypto.
12 days ago cointelegraph
AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more
ChatGPT always rolls a 4 but tens of thousands of traders are betting millions on its stock picks, AI expands classic album covers, and more.
14 days ago cointelegraph
Top Metaverse property investments suffer massive losses: Report
Popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value over the past year from January 1, 2022, to May 24, 2023.
14 days ago cointelegraph
The Sandbox CEO’s Twitter was hacked, used to promote alleged ‘airdrop’ scam
The executive appears to have now recovered his account.
15 days ago nulltx
Can this AI Crypto Gem live up to GameFi Projects like Axie Infinity or The Sandbox?
Blockchain games have been a good investment since their inauguration. Normally are embedded with the Non-Fungible Token ecosystem and have a say in the moderation of attracting various users in the global space. Participants in these platforms acquire rewards during pre- and after-gaming periods. Axie Infinity and the Sandbox are some of the few games […]

About The Sandbox?

The live price of The Sandbox (SAND) today is 0.385148 USD, and with the current circulating supply of The Sandbox at 1,853,581,926.22 SAND, its market capitalization stands at 713,902,741 USD. In the last 24 hours SAND price has moved -0.01536 USD or -0.03% while 30,019,698 USD worth of SAND has been traded on various exchanges. The current valuation of SAND puts it at #54 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 Price0.385148 USD
Market Rank#54
Market Cap713,902,741 USD
24h Volume99,337,164 USD
Circulating Supply1,853,581,926.22 SAND
Max Supply3,000,000,000 SAND
Yesterday's Market Cap867,890,650.37 USD
Yesterday's Open / Close0.483584 USD / 0.468224 USD
Yesterday's High / Low0.487254 USD / 0.464807 USD
Yesterday's Change
-0.03% ( 0.01536 USD )
Yesterday's Volume30,019,698.39 USD
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