Sandbox In-depth Report Generated by AI - For further details, please review:

1)What is Sandbox？

The Sandbox is a prominent play-to-earn game in the 3D metaverse, leveraging blockchain technology and non-fungible tokens (NFTs). Users can create and monetize in-game assets and experiences. It's an Ethereum-powered Game-Fi platform where players can buy virtual land, create digital worlds, and monetize gaming experiences. The elements in the metaverse are represented as NFTs, allowing players to design, build, and monetize their creations.

The platform consists of tools like VoxEdit for 3D voxel modeling and NFT creation, a Marketplace for trading these NFTs, and Game Maker, a tool for creating and testing 3D games. The LAND feature in The Sandbox metaverse offers users true ownership and control over their virtual land. There are 166,464 land parcels in total, each representing a digital tract in the virtual world, which players can purchase and use to build their own games or experiences.

To facilitate a circular economy, The Sandbox uses three main tokens: SAND, an ERC-20 token powering all transactions and interactions; LAND, a digital real estate token represented by an ERC-721 token; and ASSETS, various creation elements built in Sandbox’s Voxedit, represented by ERC-1155 tokens. Players can earn SAND tokens by trading these ASSETS on the Marketplace. SAND is the native utility token of The Sandbox platform, essential for commercial activities, allowing users to play games, make in-game purchases, and customize their avatars or other equipment.

2)Which sector does Sandbox belong to?

The Metaverse sector, characterized by its integration of virtual reality, augmented reality, and digital economies, is witnessing rapid growth and transformation. As of 2022, the Metaverse had approximately 400 million active users, with projections indicating that this number could exceed 1.4 billion by 2030. This substantial increase in user base is accompanied by a growing market value, expected to reach approximately US$484.8 billion by 2030.

This growth is being driven by a variety of factors, including the increased adoption of digital technologies during the COVID-19 pandemic. The pandemic led to a surge in remote work and collaboration, fueling interest in the Metaverse as a platform for virtual interactions and work environments. Moreover, consumers are keen on augmented reality experiences, with many seeing the Metaverse as a transformative platform for cultural, entertainment, and travel experiences.

However, the Metaverse sector also faces several challenges and concerns. Cybersecurity and privacy are major issues, as the digital nature of the Metaverse makes it a target for data breaches and misuse of personal information. The sector is grappling with how to ensure privacy while providing personalized experiences. The digital divide and accessibility issues also present challenges, as there is a significant gap between those who have access to digital technologies and those who do not. Furthermore, concerns about online harassment and abuse within the Metaverse need to be addressed, along with establishing robust legal frameworks to regulate activities and safeguard users.

Mental health impacts, such as addiction and the exacerbation of depression and anxiety, are also significant concerns. Finally, the speculative nature of digital assets within the Metaverse and the lack of clear regulations contribute to market volatility and the risk of fraud and scams, which can undermine trust in the market.

Overall, while the Metaverse sector is poised for significant growth and offers exciting new opportunities, it must navigate a complex landscape of technological challenges, regulatory needs, and societal impacts.

3)What is tokenomics of Sandbox (includes allocation and supply schedule)?

Token Allocation

• The initial distribution of SAND tokens was structured as follows:

• 12.00% for the Binance Launchpad Sale

• 17.18% for the Seed Sale

• 4.00% for the Strategic Sale

• 12.00% for the Foundation

• 19.00% for the Team

• 10.00% for Advisors

• 25.82% for the Company Reserve

Supply Schedule

The Sandbox launched its SAND tokens on August 13, 2020, with a maximum supply cap of 3 billion tokens. The complete vesting of this supply is expected by February 2025.

Token Creation and Supply Mechanism

SAND, as an ERC-20 token, serves multiple roles within The Sandbox ecosystem. It functions as in-game currency, a utility token facilitating platform transactions, and a governance token, enabling holders to participate in DAO voting. SAND is crucial for engaging with NFTs, acquiring virtual land plots, and accessing other platform benefits.

As of March 2021, there were approximately 680 million SAND tokens in active circulation, representing about 23% of the total supply. The token distribution includes significant allocations to the company reserve, seed sale, founders, team members, the Binance Launchpad Sale, and rewards for project advisors.

Token Unlock Schedule

The Sandbox follows a token unlock schedule, with releases occurring every six months until 2025. These unlocks typically release a percentage of the token’s supply to seed and strategic investors. For instance, an unlock scheduled for February 14, 2023, was set to release 12% of the token’s supply. Such unlocks can influence the market, sometimes leading to sell pressure from investors cashing out.

Overall, The Sandbox's tokenomics reflect a strategic approach to token distribution, with a focus on gradual release and utility within its ecosystem. The supply schedule and periodic unlocks are key factors in managing the SAND token's market dynamics.

4)What about the team and the investors of Sandbox?

The Sandbox was co-founded by Arthur Madrid, who serves as the CEO, and Sébastien Borget, the COO. They have previously co-founded three companies together, two of which have been acquired. Their vision for The Sandbox was to capitalize on the opportunity to integrate blockchain technology within the gaming industry, and they focused on creating a play-to-earn model within the metaverse. This model empowers players to monetize their time spent in the metaverse, thus creating a circular economy driven by supply and demand and rewarding participants for their contributions.

In terms of funding, The Sandbox has raised a total of $97 million over five rounds. The most recent funding round was in December 2021, categorized as a Venture - Series Unknown round. Among the 19 investors who have funded The Sandbox, Adrian Cheng and SoftBank are the most recent. Notably, SoftBank led a $93 million Series B funding round for The Sandbox. This round included several other investors such as True Global Ventures, Liberty City Ventures, Galaxy Interactive, Kingsway Capital, and Blue Pool Capital. True Global Ventures, based in Singapore, contributed $10 million to this round through its blockchain-focused 4 Plus fund.

The Sandbox, being an Ethereum-based platform, allows players to engage in a virtual world where they can play, create, own, and govern. Its majority stakeholder is the Hong Kong-based gaming firm Animoca Brands, a significant backer in the early metaverse and GameFi space. Animoca Brands itself was valued at $2.2 billion after raising $65 million in October 2021.

This combination of experienced leadership and strong financial backing has positioned The Sandbox as a significant player in the growing field of blockchain-based gaming and virtual worlds. The team's experience in company founding and acquisition, coupled with substantial investment from major players in technology and venture capital, underpins the platform's ongoing development and expansion in the metaverse domain.

5)What is the development history of Sandbox?

List all important events and milestones in the development process of Sandbox. Here's a summary of the key events and milestones in the development history of The Sandbox:

1. 2011-2016: Before 2018, The Sandbox was known for its mobile games "The Sandbox" (2011) and "The Sandbox Evolution" (2016), which together amassed 40 million downloads.

2. 2018: The Sandbox game was rebranded to a play-to-earn crypto game using blockchain technology. This year marked a significant shift as developer/publisher Pixowl aimed to leverage the blockchain ecosystem to provide true ownership of in-game creations as non-fungible tokens (NFTs). Additionally, game development studio Animoca Brands acquired Pixowl and announced plans to create a 3D sandbox world using blockchain technology.

3. 2019: The public got glimpses of the game's content, and The Sandbox held a LAND pre-sale along with a beta release for VoxEdit.

4. 2020: The alpha stage of the Game Maker tool was introduced. An Initial Coin Offering (ICO) was held, raising $3 million to fund future operations.

5. 2021: Key developments included Alpha Season 2 in March, reaching 2 million registered users, and the introduction of various quests and games. The Sandbox also introduced gasless mSAND staking in February and began the process of decentralization, moving towards a DAO structure. Holders of SAND tokens and LAND owners would govern the DAO once it launched. The first virtual concerts with artists like Deadmau5 and Richie Hawtin were scheduled, and the year ended with the release of the alpha version of multiplayer functionality and the introduction of play-to-earn seasons.

6. 2022: Further expansion of the metaverse to LAND owners was planned, along with the launch of the DAO and additional virtual concerts. A mobile version of the game and an expansion to over 1,000 games, including console availability, were also scheduled. VoxEdit was expected to receive major updates.

7. 2023 and Beyond: Expectations include the platform featuring over 5000 games, new NFT partnerships, and additional LAND sales.

Please note that the information provided here is a concise summary, and there may be additional details and developments in the complete history of The Sandbox.

6)What is the progress and future roadmap of it?

The Sandbox's progress and future roadmap as of 2023 includes several significant developments and initiatives:

1. Expansion of Partnerships and Localization: Over the past year, The Sandbox has significantly expanded its network with over 300 agencies and studios joining in. The total number of partnerships has reached more than 400 brands. Additionally, the development team has localized VoxEdit and Game Maker into languages like Mandarin, Portuguese, and Korean, demonstrating a commitment to global reach and accessibility. They have also supported more than 100 independent studios with over $12 million through the Game Maker Fund.

2. LAND Sales and Office Expansion: There have been seven significant LAND sales across three regional neighborhoods. The Sandbox's global presence has been bolstered by the opening of five new offices in the UK, Canada, Singapore, Thailand, and Uruguay.

3. 2023 Roadmap Highlights: Key initiatives for 2023 include the launch of the Partners resources HUB and the Partners Directory, aimed at fostering collaboration between agencies and brands. The Game Maker V0.8 is set to release, improving the creation tools available to players and creators. The Sandbox plans to continue collaborating with brands that support the web3 culture, ensuring a community-centered approach and co-creation of assets and experiences. Significant engagement is expected to be driven by providing immersive experiences for players and enabling brands to leverage storytelling and scriptwriting. An Ownership Relationship Management (ORM) system centered around high-value NFTs is also part of the roadmap.

4. Q2 2023 Land Roadmap: The roadmap for the second quarter of 2023 includes the introduction of the “Self-publish” feature, allowing LAND owners to launch their experiences directly on the map. A new Game Maker is being introduced to enhance the gaming experience. By the end of Q4, LAND owners will be able to mint their assets as NFTs, enabling the monetization of their designs. LAND owners will also have opportunities to earn extra rewards in monthly special events and claim exclusive NFTs by holding their LAND for over three months.

5. September 2023 LAND Owner Roadmap: The Sandbox plans to create vibrant neighborhoods, improve LAND owner features, and reward long-term holders. The introduction of the CATS system will add utility, and the LAND Ignition Initiative aims to empower creators. The roadmap includes the release of more than 5,000 new LANDs in 2023 across 6-9 LAND sales. It also emphasizes features exclusive to premium LAND owners, democratizing content creation through the publishing feature, and introduces the catalyst (CATS) system for in-game effects.

These developments showcase The Sandbox's commitment to growing its decentralized ecosystem, enhancing the user and creator experience, and fostering an innovative and inclusive metaverse.

7)List all important links related to Sandbox

Here are some important links related to The Sandbox, a virtual world and gaming ecosystem built on blockchain technology:

The Sandbox Main Website:

SAND Token Information:

The Sandbox NFT Marketplace:

How to Create an Account on The Sandbox:

VoxEdit:

Each of these links provides a unique aspect of the Sandbox experience, from the technical details of the SAND token to the creative possibilities with VoxEdit and the NFT marketplace.

8)Bullishness index for this token from the perspective of token valuation and future potential

The Sandbox (SAND), a blockchain-based virtual world and gaming ecosystem, has been attracting attention for its potential in the crypto market. Here's a comprehensive overview of its valuation and future prospects based on current data and expert analyses:

1. Current Valuation: As of now, The Sandbox's market cap stands at approximately $695.7 million, with a recent price of $0.41. The token has experienced significant price changes, with a 24-hour change of around 8.94% and a 7-day change of 15.89%. The all-time high for SAND was $8.44, while its all-time low was $0.03.

2. Short-term Price Prediction: In the short term, SAND's price is predicted to fluctuate. It's expected to reach around $0.431142 by December 2, 2023, indicating a 6.5% increase. However, over the next week, the price is forecasted to decrease by -7.28%, reaching $0.379440 by December 5, 2023.

3. Fear-Greed Index: The current Fear & Greed Index for The Sandbox stands at 74, indicating a "Greed" sentiment among investors. This index is a measure of investor sentiment, combining market and investment indicators such as volatility, trading volume, and social media activity.

4. Long-term Prospects: Looking further ahead, forecasts suggest a more significant increase in the value of SAND. By the end of 2023, experts forecast a potential high of around $0.60. For 2024, SAND is forecasted to trade within a range of $0.355873 and $0.942202, potentially reaching $0.942202 if it hits the upper target. The long-term prediction for 2025 shows SAND could increase to $3.22, representing a 678.28% increase from its current price.

5. Technical Analysis: The Sandbox’s 50-day simple moving average (SMA) is currently around $0.358542, and its 200-day SMA is approximately $0.390371. These indicators are used to gauge the price trend of an asset over intermediate and long-term periods, respectively. Additionally, The Sandbox’s 14-day Relative Strength Index (RSI) is at 60.80, indicating a neutral position.

6. Market Influences and Whales: The price of SAND, like any other asset, is driven by supply and demand dynamics. These can be influenced by various fundamental events like protocol updates, regulations, and adoption by companies and governments. The activity of SAND "whales," entities, and individuals controlling large amounts of SAND, also significantly influences its price movements, given the relatively small size of The Sandbox market compared to traditional markets.

7. Potential Risks: Despite the optimistic outlook, investing in digital assets like The Sandbox carries inherent risks. Factors such as market volatility, regulatory changes, and technological developments must be considered when making investment decisions.

8. Overall Sentiment: The overall sentiment towards The Sandbox in 2023 is neutral. This neutrality suggests a balanced outlook, where investors should weigh technical factors such as price history against fundamental factors like on-chain activity and development.

In summary, The Sandbox presents a promising but volatile investment opportunity in the crypto space. Its innovative approach to gaming and virtual worlds, coupled with its strategic partnerships and growing community, contribute to its potential growth. However, as with any crypto investment, potential risks and market volatility should be carefully considered.