Data Sources:

Data Sources:The Sandbox Dashboard

With each passing day, this idiom is the most appropriate to describe the blockchain world. New hot items appear every month, every week or even every day.

In July, crypto game Axie InfinityAdded another fire to the fiery midsummer, and then drove the rise of the entire GameFi together with other encrypted games. If you don't talk about blockchain for a whileGameFiIt seems that he is not a qualified insider.

MetaverseMetaverseSince March this year, the concept of "popular" has swept across various fields.

In December, Republic Realm bought a virtual digital plot on the virtual gaming platform The Sandbox for US$4.3 million, setting a new transaction record for a virtual digital plot. The concept of buying land in the Metaverse swept the Internet again.

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Footprint Analytics:Price of SAND

Since October, the price, market value, and trading volume of tokens have all shown an upward trend, and who is The Sandbox, which is frequently mentioned by the media? What's so special about it? With doubts, the author embarked on the decryptionThe SandboxThe road to truth.

Concepts and Features of The Sandbox

The Sandbox is a sandbox game based on blockchain technology, and it also has a section of virtual real estate. Deployed on Ethereum, its native token is SAND, which belongs to ERC-20 token. It is mainly used for playing games, trading, staking for Liquidity Mining and participating in DAO governance.

Compared with the social gathering attributes of Decentraland, The Sandbox has more game elements. It mainly has the characteristics of community leadership, games, content creation, and social multi-dwelling. Currently, The Sandbox's vision is to combine blockchain technology and games to create a 3D sandbox game that supports multi-platform multiplayer.

Value Capture Mechanism: Play to Earn

The value capture of the old project Mirror.xyz in SocialFi and the newly popular project Monaco is Write to Earn, while the value capture of GameFi is mostly Play to Earn, as the leader of GameFi, The Sanbox is no exception.

• value capture tool

The value capture of The Sandbox mainly relies on three tools, Game Maker, VoxEdit and Marketplace. Players create their own 3D games through Game Maker, deploy them on their own plots, attract other players to play, and collect admission fees to earn platform token SAND. You can also use VoxEdit to create your own NFT voxel works, sell them on the Marketplace for trading, and earn the platform token SAND.

• Assets involved in value capture

Specific value capture will also involve three assets of the platform, Land/Estate, platform token SAND and Assets/NFT.

Players own LAND or Estate on which they can deploy games, hold events, display their NFT, etc. LAND is a single virtual land, and the integration of multiple virtual lands will become an Estate. For players without LAND, they can create their own Assets/NFT, including entity ENTITIES, equipment EQUIPMENT, wearable WEARABLE and artwork ART. Among them, entities and equipment need to spend the platform token SAND to purchase the necessary materials catalyst CATALYST and gem GEMS.

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GRADES OF CATALYST AND GEMS

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Star Portal Obekli Daya Details Page

Wearables and art do not need to add catalyst CATALYST and gem GEMS. Generally, the selling price is measured by the scarcity of the supply. The smaller the supply, the higher the scarcity, and the higher the selling price. The current highest selling price is the artwork monument Lululand, which is 120,000 SAND, which is about 810,000 US dollars.

Detail page of Monument Lululand

• The main gameplay of value capture

Currently, there are four main ways to play in The Sandbox:

First, as a game creator, deploy games on your own LAND or Estate to earn SAND, or rent out your own LAND to collect commissions;

Second, as a game player, participating in free games has a probability of obtaining SAND, and then participating in paid games;

Third, as the creator of Assets, create NFT and put it up for sale to earn SAND;

Fourth, as an investor, buy Land or platform assets, sell low and sell high.

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Anomica Brands, the parent company of The Sandbox, has completed three rounds of financing this year, with a total of US$203 million in financing and a valuation of US$2.2 billion. The Sandbox also completed a Series B round of funding this year, raising $93 million.

• In May, Anomica Brands received US$88.88 million in financing at a valuation of US$1 billion;

• In July, Anomica Brands once again received $50 million in financing at a valuation of $1 billion;

• In October, Animoca Brands received US$65 million in financing, and its valuation rose to US$2.2 billion;

• according to

future development

according toFootprint Analytics Data shows that The Sandbox currently ranks second among Play to Earn games with a market capitalization of US$5.98 billion, surpassing Decentraland image description

Footprint Analytics: Market Cap of The Sandbox(SAND) and Others

The Sandbox keeps trending, and in the future it will inevitably become an unskippable inventory of Metaverse games. The author paid attention to the Romap released on The Sandbox official website. Except for the launch of DAO governance in 2022, there will be no other major innovations until 2023. This may cause the development of The Sandbox to be limited to the field of GameFi or virtual land, rather than May become the unshakable master in the metaverse.

About Footprint Analytics:

The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.

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