This year, many non-fungible tokens (NFT) have been sold in various markets, creating tens of thousands of dollars in NFT sales. A specific platform called The Sandbox has been selling virtual land parcels for thousands of dollars worth of ether. The sandbox is a virtual world where players can create and own virtual items supported by the blockchain in the virtual reality established on the Ethereum network. On October 18, Sandbox revealed that two 6×6 estates were sold for 210 ether ($76931) or 28 times the original price.
In the future, digital currency will become an integral part of the online world called “meta universe”. Metaverse is essentially a persistent virtual space that incorporates virtual reality. Current blockchain applications allow people not only to create 3D virtual spaces and objects, but also to own them in an immutable way.
At the end of July, news.Bitcoin.com reviewed the virtual world called “Decentraland” and observed everything built since it was called four years ago. However, another virtual ecosystem is being built, called The Sandbox. According to today’s nonfungible.com data, the online world created by players has always been the fifth largest seller of NFT transactions.
The sandbox blockchain-based game was created by TSB Gaming, a subsidiary of Animoca Brands. The data shows that so far, the total sales of the game are 42,420, worth $2.2 million. In the past 30 days, nonfungible.com recorded sales worth $555,000.
Basically, Sandbox games utilize a voxel editor, so users can create 3D assets and develop on plots that can be purchased using the project’s native token SAND. Assets created by participants can also be used for SAND sale in the sandbox market. On Sunday, the project’s official Twitter account showed that two 6×6 estates were sold for 210 ETH, worth more than $76,000.
Sébastien Borget, the co-founder of The Sandbox, Said The two 6×6 estates sold on the platform are record sales. A 6×6 estate was sold next to the virtual Atari theme park area. The well-known video game manufacturer Atari joined the blockchain game in March and has provided many Atari favorites in the 3D Sandbox world.
In addition, Atari detailed that sandbox visitors will be able to obtain in-game assets issued by Atari. The company also announced atarichain.com and Atari Token (ATRI) products last week, but it is not yet certain whether ATRI can be used in sandbox games after the release.
Sandbox has made a big bet on the blockchain-based virtual ecosystem, but it remains to be seen how popular the platform is. Since the first launch of the virtual world, the popularity of Decentraland has been declining, and in terms of NFT transaction volume, the application has fallen to the most used NFT-based Ethereum application.
Most online virtual worlds like Altspace-VR lack participants, and blockchain-based VR may take a while. With the exception of Roblox and Minecraft, hundreds of VR and voxel-based worlds have adopted bleak methods and have a small number of users. However, Sandbox is adding well-known partners to the formula, which may promote the development of the platform.
Sandbox’s parent company, Animoca Brands, recently announced a partnership with Careco’s owner, content producer and global publisher Cloudco Entertainment. In addition to Atari and Cloudco, other well-known companies (such as Square Enix, Shaun the Sheep and Rollercoaster Tycoon World) also cooperate with Sandbox.
What do you think about the game sandbox based on blockchain? Let us know your thoughts on this topic in the comments section below.
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3D world, 6×6 real estate, Altspace-VR, atari, Atari token (ATRI), atarichain.com, Cloudco Entertainment, Cryptocurrency, ERC20 token, ETH, Ethereum, land parcel, nft, NFT, Nfungable token, sandbox , Sebastian Bolgate, sandbox, virtual land, virtual reality, virtual world, VR
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Atari, Cloudco Entertainment, The Sandbox
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