What Is The Sandbox (SAND)?
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
Who Are the Founders of The Sandbox?
Arthur Madrid is co-founder and CEO at Pixowl, and he is one of the driving forces behind The Sandbox. He graduated with a degree in economics from Université Paris Dauphine in 2000. Madrid’s professional career began as a consultant for Eurogroup Consulting France, but he soon found his entrepreneurial spirit. In 2001, he founded 1-Click Media, which was later purchased by Ipercast.
Sebastien Borget is also a co-founder at Pixowl and serves as the COO of the company. He graduated with a degree in computer systems networking and telecommunications from Institut national des Télécommunications in 2007. His professional career began as a project lead for 1-Click Media, and since then, Arthur Madrid and Sebastien Borget have been an entrepreneurial duo. They founded Pixowl in 2011 and have been continually working on projects together.
The Sandbox Play-to-Earn Model
The dynamic game was developed according to the Play-to-Earn (P2E) business model. It allows players to participate in the in-game economy, contribute and receive benefits in the form of digital assets (cryptocurrencies and NFTs). Thus, players are constantly creating valuable items that can be sold on the marketplace. The game not only unleashes the creativity of users from all over the world but also empowers them to shape the universe with NFTs.
The Sandbox is building a decentralized digital platform for a growing gaming community, combining Decentralized Autonomous Organizations (DAO) and non-fungible tokens (NFTs). In its universe, users can play the role of both creators and players.
The Sandbox Products
The Sandbox metaverse consists of three products. Game Maker is a set of tools that allows users to create and test 3D games on their LAND using ASSETS. The program enables editing game elements, such as environments or characters, and NFTs without requiring advanced programming skills.
VoxEdit is a free software for platform users. The application has been developed for 3D voxel modeling and creation of NFTs. Voxels are 3D pixels that can be edited and shaped via Voxel Editor. The VoxEdit tool offers players to create avatar-oriented equipment, like clothes, weapons, pets. It is also used to generate items for interaction on The Sandbox platform. Virtual items can be monetized as NFTs, namely moved from VoxEdit to The Sandbox Marketplace, turned into ASSETS, and then sold. All transactions are implemented in $SAND.
The Sandbox Marketplace launched in the spring 2021. The platform is an NFT marketplace where players can upload, release and sell their NFT creations (ASSETS) with SAND tokens. The InterPlanetary File System (IPFS) is used to store all information about ASSETS.
What Makes The Sandbox Unique?
The Sandbox is a unique platform because it introduces blockchain technology to the world of gaming. The gaming industry is a huge untapped market when it comes to the adoption of blockchain tech, and Pixowl saw that in 2011. By creating a universe where gamers can create and collect blockchain-based assets, the Sandbox aims to revolutionizes the market. It makes a niche for itself in the global market of gaming.
By focusing on user-generated content, the Sandbox creates a metaverse of involved players who contribute to the platform’s further development. Not only that, by introducing the SAND token, the Sandbox promotes decentralized governance and allows users to share their views and ideas about the development of the project. Thanks to the evolving technology, decentralized governance is becoming a must-have in blockchain-based projects.
The company started out with a bang and attracted support and investments from numerous big names in the gaming industry. These include brands like Atari, Helix and CryptoKitties.