Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world that enables users to create, build, buy, and sell digital assets in the form of a game. By integrating the strengths of decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs), The Sandbox establishes a decentralized platform for a vibrant gaming community. According to the official whitepaper, the core mission of The Sandbox platform is to successfully integrate blockchain technology into mainstream gaming. The platform prioritizes a creative “play-to-earn” model, allowing users to participate both as creators and gamers. The Sandbox harnesses the power of blockchain technology through the introduction of the SAND utility token, which facilitates transactions within the platform.

Arthur Madrid, co-founder and CEO of Pixowl, is a central figure in the development of The Sandbox. He earned a degree in economics from Université Paris Dauphine in 2000. Madrid commenced his professional journey as a consultant at Eurogroup Consulting France before embracing entrepreneurship. In 2001, he founded 1-Click Media, which was subsequently acquired by Ipercast. Sebastien Borget, also a Pixowl co-founder, holds the position of COO. He obtained a degree in computer systems networking and telecommunications from Institut national des Télécommunications in 2007. Borget began his career as a project lead at 1-Click Media. Together, Arthur Madrid and Sebastien Borget have formed a lasting entrepreneurial partnership. They established Pixowl in 2011 and have consistently collaborated on various projects since then.

The Sandbox is a distinctive platform as it integrates blockchain technology into the gaming industry. Gaming represents a vast, largely untapped market for the adoption of blockchain technology, a potential recognized by Pixowl in 2011. By establishing a universe where gamers can create and collect blockchain-based assets, The Sandbox seeks to transform the market and carve a unique niche in the global gaming landscape. Emphasizing user-generated content, The Sandbox fosters a metaverse of engaged participants who actively contribute to the platform’s ongoing development. Moreover, through the introduction of the SAND token, The Sandbox advances decentralized governance, enabling users to express their perspectives and ideas concerning the project’s progress. With the evolution of technology, decentralized governance is becoming an essential component of blockchain-based initiatives. The company launched with significant momentum, garnering support and investments from several prominent entities within the gaming sector, including brands such as Atari, Helix, and CryptoKitties.

The maximum and total supply of SAND tokens amounts to 3,000,000,000. As of March 2021, approximately 680,266,194 SAND tokens are in active circulation, constituting 23% of the total supply. Out of the total token supply, approximately 25.82% was allocated to a company reserve. About 17.18% were designated for the token's seed sale. The founders and team members were allocated roughly 31% of the total token supply. Around 12% was reserved for a dedicated Binance Launchpad Sale, and another 10% was allocated as rewards to advisors on the project.

The Sandbox virtual world operates atop the Ethereum blockchain and is safeguarded by the proof-of-stake (PoS) consensus mechanism. The SAND token is an ERC-20 standard token, enabling holders to stake it and earn staking rewards. In contrast to the proof-of-work (PoW) consensus mechanism used by the Bitcoin blockchain, PoS does not necessitate significant electrical or computational resources to authenticate transactions. Instead, it depends on stakeholders with substantial SAND token holdings. The PoS consensus mechanism facilitates a wide range of applications while maintaining the security of staked funds.

The Sandbox has seen a growing interest from both investors and users, leading to an increase in exchanges offering trades with the SAND token. Binance reports the highest trading volume for SAND/BUSD, with $7,015,941 processed in transactions as of March 2021. Additional platforms for purchasing SAND include Uniswap (V2), Gate.io, and LATOKEN. Find more information about buying cryptos on Eulerpool.

The innovative game was developed under the Play-to-Earn (P2E) business model. It enables players to engage in the in-game economy, contribute, and receive rewards in the form of digital assets, including cryptocurrencies and NFTs. Consequently, players are continuously generating valuable items that can be traded on the marketplace. The game not only unlocks the creativity of users from around the globe but also empowers them to influence the universe through NFTs. The Sandbox is establishing a decentralized digital platform for an expanding gaming community, integrating Decentralized Autonomous Organizations (DAO) and non-fungible tokens (NFTs). Within its universe, users can assume the roles of both creators and players.

The Sandbox metaverse comprises three primary products. Game Maker is a suite of tools that empowers users to create and test 3D games on their LAND utilizing ASSETS. This program facilitates the editing of game elements, such as environments and characters, as well as NFTs, without necessitating advanced programming knowledge. VoxEdit is a complimentary software available to platform users. It has been specifically developed for 3D voxel modeling and NFT creation. Voxels are 3D pixels that can be edited and shaped using Voxel Editor. VoxEdit enables players to design avatar-oriented equipment, such as clothing, weapons, and pets. It is also used for the generation of interactive items on The Sandbox platform. These virtual items can be monetized as NFTs; specifically, they can be transferred from VoxEdit to The Sandbox Marketplace, converted into ASSETS, and subsequently sold. All transactions are conducted in $SAND. The Sandbox Marketplace was launched in spring 2021. This platform functions as an NFT marketplace where players can upload, release, and sell their NFT creations (ASSETS) using SAND tokens. The InterPlanetary File System (IPFS) is utilized to store all information pertaining to ASSETS.

The Sandbox utilizes various native tokens to facilitate interaction within the platform. SAND serves as both an in-game currency and an ERC-20 token, allowing holders to store and earn rewards. As a utility token, SAND is crucial for executing and facilitating all transaction types on the platform. Additionally, SAND functions as a governance token, enabling its holders to participate in decision-making through the DAO. SAND tokens can be used to purchase virtual land plots, interact with NFTs, and gain certain privileges. LAND represents an NFT token, or digital real estate element, adhering to the ERC-721 non-fungible token standard on Ethereum. LAND enables users to monetize their gaming experience. Players can acquire LAND using SAND or ETH during Public Sales, through The Sandbox Marketplace, and via other NFT platforms. ASSETS are in-game objects or NFTs created by users themselves. These voxel models are crafted using VoxEdit and are tradable in The Sandbox Marketplace.