Thanks to advancing technologies, the metaverse is getting closer to a genuine, practical implementation. Multiple virtual worlds are emerging on the markets, and have chosen blockchain technology to provide proof of ownership to their users.
One of the most fleshed-out projects in this niche is The Sandbox. In this article, we explore the future opportunities of the metaverse and thoroughly analyze the fundamentals of the Sandbox. This should help us provide you with an accurate Sandbox price prediction for the short and long term.
So, if you are an investor wondering whether you should jump on the bandwagon, keep reading. You will discover everything there is to know about the Sandbox, its features, and its intricate in-game economics.
- The Upcoming Bright Future of the Metaverse
- What Is the Sandbox?
- Main Elements of the Sandbox
- How Does the Sandbox Work?
- Sandbox Price Prediction – Current State of the Game
- Sandbox Price Prediction – Historical Price Analysis
- Short and Long Term the Sandbox Crypto Price Prediction
- The Sandbox Price Prediction 2025
- Concluding Our the Sandbox Coin Prediction
The Upcoming Bright Future of the Metaverse
In our previous article about the best metaverse coins, we introduced you to this incredible, science-fiction-worthy concept. However, in this Sandbox price prediction, we wanted to provide some further insight on blockchain-based metaverses and their upcoming evolution.
It’s undeniable that blockchain-powered virtual worlds have seen incredible growth in this last fiscal quarter of 2021. With the Facebook Metaverse looming, investors are jumping in on the incredible potential these projects might have in the future.
Influential companies have also joined the hype, looking to increase their presence in the metaverse space. Tech pioneering companies like Balenciaga are dropping NFTs in extremely popular games such as Fortnite, accustoming millions of users to the concept. Recently, triple-A publisher Ubisoft announced the inclusion of NFTs as cosmetic additions to their games through the Ubisoft Quartz platform.
This points to the palpable possibility that blockchain metaverses could become the foundation for a genuine Web 3.0 economy. Using crypto tech, users can now own and trade digital assets on the cloud. What’s more, these virtual items can retain their value in the real world, allowing users to actively participate in an emerging play-to-earn economy.
In this regard, the Sandbox is quickly becoming one of the most compelling metaverses around. With high-profile partners like Snoop Dogg, Binance, The Smurfs, and Atari among others, the Sandbox could spearhead the entire industry.
At the end of 2021, it’s the fastest-growing metaverse, with over 40 million downloads and over million active users. And more are flocking to the newly released alpha of their game, setting it up for success. Consequently, our Sandbox price prediction will take this growth into account, and provide you with some possible outcomes. Let’s get started with the basics.
What Is the Sandbox?
The Sandbox is a virtual world, where users can buy virtual land and create unique NFTs and 3D games for others to enjoy. With its versatile tools, creators can deploy unique content and monetize it using various mechanisms. Players, on the other hand, can participate in quests and play games created by other users of the platform.
The Sandbox was initially a 2D mobile game that began its journey as early as 2012. After moderate success, Animoca Brands acquired the developer Pixowl in 2018. The publisher quickly announced that it would be working on a sequel, a 3D sandbox world. The goal was to disrupt established games such as Minecraft and Roblox and meet them on their terrain. The main twist, however, was that the Sandbox would run on Ethereum. Assets would be recorded on the blockchain and users would be able to store them in their crypto wallets.
Consequently, the Sandbox has been in the works for nearly 4 years and is now reaching its completion. The team has been slowly building up its virtual world and today, users have a complete set of tools at their disposal to let their creativity run freely.
Main Elements of the Sandbox
So, to continue this Sandbox price prediction, let’s have a closer look at what makes it tick. Mainly, there are four essential intertwining elements that offer players a unique platform to create games, enjoy them, and earn money.
The Sandbox Game
The flagship feature of The Sandbox is, naturally, the open-world 3D game. Players can freely join this virtual world, and explore content that was created by other users. The game is comprised of 166,464 LAND parcels, which are 96×96 meters squares of in-game measurements.
Each piece of land is an ERC-721 token that can be bought and sold on the marketplace. Creators can populate this virtual real estate with various assets such as NFT showcases or 3D games using the Sandbox game engine.
VoxEdit is a 3D-modelling tool for creating the assets that populate the Sandbox metaverse. Users can create and animate characters, clothing, buildings, vehicles, gaming items, art, etc. using this streamlined and beginner-friendly editor. Once created, assets are minted into NFTs on Ethereum using the Sandbox Marketplace, and can be deployed in the game.
The Sandbox Marketplace
The Sandbox Marketplace is where players can sell and purchase virtual pieces of land as well as user-created content. The marketplace uses SAND tokens as its base currency. Worth noting is that users need to have some ETH in their wallets to cover the gas fees when acquiring Sandbox digital assets, regardless of their nature.
This official marketplace lists new LAND auctions and is the primary method of acquiring assets on Sandbox. That being said, you can find Sandbox NFTs on various third-party platforms such as OpenSea or Rarible, as well.
The Game Maker is a scripting tool that allows users to create interactive experiences using NFTs previously created with VoxEdit. What’s more, this tool doesn’t require coding, and anyone can create games using visual, beginner-friendly scripts. Users can add various parameters and behaviors to their gaming world and offer a complete 3D gaming experience to in-game visitors.
How Does the Sandbox Work?
The Sandbox has an advanced economic model, that relies on no less than five different types of digital assets.
The primary resources in the Sandbox are NFT LAND tokens. These virtual pieces of land can be used to deploy original creations such as NFT showcases and games. It’s a crucial concept, as only landowners can monetize their in-game experiences on the Sandbox.
Users that own adjacent LAND parcels can regroup them into Estates, which allow them to deploy more complex gaming experiences. Going further, landowners with similar objectives can regroup their real estate into Districts. This allows them to collaborate and build intricate, advanced games.
The SAND token is the main currency in the ecosystem. It powers the marketplace, which means that it is vital for purchasing LAND or user-created NFTs.
Moreover, the SAND cryptocurrency has multiple use cases in the Sandbox ecosystem:
- Pay for the NFT minting fees on the marketplace.
- Stake them on LAND to receive passive income, including GEMS, which are essential to adding unique attributes to your creations.
- Participate in the Sandbox governance model and vote on upcoming platform updates and changes.
All in all, SAND is the centerpiece of the Sandbox economic model, extending its reach into every aspect of the game.
Assets are user-created voxel models (NFTs) that users can buy or sell on the marketplace. Users can choose to either deploy them on their land or sell them to others. These assets can be a wide variety of things – player characters, wearables, game items, monsters. Creators are only limited by their imagination!
Gems are utility ERC-20 tokens that are used to add various unique attributes to NFT assets. These attributes make NFTs more useful in the game, which increases their resell value considerably. Users can slot up to 4 gems into a single asset and burn them in this process. They can acquire them either by staking SAND or purchasing them on the marketplace.
Another ERC-20 token, the catalyst is a utility token that defines an asset’s tier and scarcity. Depending on their rarity level, they add Gem sockets to the NFT. This allows creators to infuse their NFTs with additional attributes. It also provides them with the ability to make multiple and limited copies of advanced assets.
Sandbox Price Prediction – Current State of the Game
To continue this Sandbox price prediction, let’s have a quick overview of the current possibilities of the platform and some upcoming updates.
Firstly, it’s important to note that the game is currently in Alpha state. The interactive part of the game was launched as recently as the 29th of November 2021. LAND owners can now experience the 3D game world for the first time, albeit in a very limited way.
At the moment, the game confines the players to a delimited starting area where they can participate in 18 gaming experiences created by The Sandbox’s teams. These include dungeon crawlers, NFT showcases, and various quests and challenges that showcase a snippet of the potential of the Sandbox metaverse.
This means that user-created content cannot be deployed within the metaverse just yet, as the game is still undergoing a closed testing phase. That being said, the VoxEd creator and Marketplace are fully functional and users can already monetize their NFTs. Rest assured, we will update this Sandbox price prediction accordingly as more features become available.
The Sandbox Coin Price Prediction – Upcoming events and updates
One of the most important upcoming events worth mentioning in this Sandbox price prediction is the announced migration to the Polygon blockchain. With this move, the Sandbox team hopes to provide a better user experience, with a lower price entry and minimal fees.
We are currently on the Ethereum blockchain, with plans to migrate to Polygon soon 🙂— The Sandbox (@TheSandboxGame) November 3, 2021
Moreover, the migration to a scalable Layer 2 solution for Ethereum would ensure a much more energy-efficient metaverse. As such, debates regarding the wasteful aspect of NFTs could be put to rest, at least on the Sandbox.
The roadmap includes some additional milestones in the upcoming year that are crucial to our Sandbox price prediction. These include:
- The gradual opening of the metaverse for LAND owners that provide high-quality content.
- The launch of a DAO (decentralized autonomous organization) for voting in major decisions of the game’s future direction.
- The release of a mobile version of the game.
We can conclude that there are still many great things to come in this metaverse. What’s more, every one of them could translate into dazzling growth for the platform.
Sandbox Price Prediction – Historical Price Analysis
Before we delve deeper into our Sandbox price prediction, it’s important to analyze past price action. This can help assess upcoming opportunities, as we can pinpoint factors that have previously impacted the SAND price, both positively or negatively.
Shortly after the Binance Launchpad token sale in August 2020, the SAND cryptocurrency entered a horizontal trading channel between $0.02 and $0.08. The price remained in this trend until the beginning of 2021 when it began its incredible growth.
By May, SAND had reached a new all-time high of $0.9, but the rally was cut short by the crypto crash that followed. SAND was one of the coins that experienced some of the harshest downfalls, retracing as much as 85% by the end of June 2021.
That said, another rally followed, and SAND raced through its previous ATH, reaching $1.2. The retracement that followed was quite consequential (-50%), albeit not as harsh as during the May crash.
Things got even more interesting in the last quarter of the year after Facebook announced its take on the metaverse. Most metaverse-focused rallied, with SAND outperforming the competition with a 10x rally. The price registered a new ATH of $8.5 but has since retraced to around $5.
Since its release to this day, SAND has managed to provide an ROI of 55.000%, rivaling some of the craziest meme coins around.
Short and Long Term the Sandbox Crypto Price Prediction
With that in mind, we can proceed with our the Sandbox crypto price prediction. Let’s begin with some more immediate price action, for the end of this year and the next one.
The Sandbox Crypto Price Prediction 2021 and 2022
Considering the current market sentiment, we can expect the current retracement to continue until it hits $4.5 per SAND token. At this level, we can expect a rebound, and the price should reach $6 by the end of December 2021.
While we can’t expect a lot of movement in 2021, there’s a lot to look forward to in the following year.
With the huge updates coming to its metaverse in 2022, we can expect SAND tokens to continue their exponential growth throughout the year. As soon as important LAND owners are able to offer their content to players, interest in the platform should increase drastically, and with it, the value of SAND.
By the end of 2022, we can expect a conservative, new ATH at $25 (3x from the current one.) At the end of 2022, we hope to see the price settling between $20 and $22.
The Sandbox Price Prediction 2025
While giving an accurate Sandbox price prediction for 2025 can be quite challenging, there are a few factors that help us to remain bullish in the long term. We can consider that:
- Thanks to advancements in VR tech, the metaverse will become more affordable than ever.
- Metaverses will experience mass adoption on a global scale.
- Major gaming companies will partner with the Sandbox, offering amazing user experiences.
- The Sandbox will be able to spread over multiple blockchains and provide interoperability between different metaverses.
All of this makes us believe that SAND tokens could reach as high as $100 per token by the end of 2025.
Concluding Our the Sandbox Coin Prediction
In this Sandbox price prediction article, we managed to give you a full rundown of all the pieces that make out this intricate metaverse. With the recent alpha release, the potential is only starting to show, and it looks quite promising. While there will certainly be some challenges ahead (adoption, technology, implementation), the Sandbox Metaverse is shaping into a AAA game universe the blockchain space has been sorely missing until now.
One thing is certain, we can’t wait for the game world to become available for everyone and for the devs to unlock the map in its entirety. And with some prestigious partners already on board, there’s a huge potential for this game, both short, and long term.