A majority of tokens, and thus voting rights, will likely still be in the hands of the company, its team and its backers, so it’s hard to imagine a truly decentralized Sandbox.
![the sandbox stock the sandbox stock](https://thumbs.dreamstime.com/z/toys-sandbox-children-s-72766399.jpg)
When this is complete, SAND holders should be able to vote on decisions that impact the fate of the game and ecosystem as a whole. According to the project’s whitepaper, The Sandbox will integrate a decentralized autonomous organization (DAO) in 2023. The developers claim that SAND will eventually also act as a governance token. You can hold events and games, charging an entry fee and hopefully attracting lots of paying users. You can take part in other ways to make money with your LAND than just flipping it. LANDs can combine together to become larger and more valuable estates and districts. Many players have become virtual real-estate moguls, improving their plots with items bought on the marketplace. Each piece is its own NFT, and they sell for thousands of dollars each. The Sandbox game is played on a massive map of segmented areas it calls LAND. If you are hell-bent on making money on this endeavor, you can monetize your games, racking up SAND every time someone plays it.
#THE SANDBOX STOCK HOW TO#
You don’t even need to know how to code to design entire 3D games that can be played inside the virtual world. The items are added to the blockchain as non-fungible tokens (NFTs) and can be sold on either The Sandbox’s marketplace or secondary markets like OpenSea. With this software, users can create 3D items like creatures, costumes, buildings, vehicles and pretty much anything you can imagine.
![the sandbox stock the sandbox stock](https://www.cnyhomepage.com/wp-content/uploads/sites/6/2022/06/000-best-little-tikes-sandbox-c94a86.jpg)
#THE SANDBOX STOCK SOFTWARE#
The foundation of the game lies in the editing software made available by The Sandbox team. It can be staked to earn interest and used to purchase in-game items in the marketplace. At the time of writing, the token has 2 major functions on the platform. Strangely, for a project that loves to call itself decentralized, a majority of the total supply is allocated to the company, team, advisors and investors.
![the sandbox stock the sandbox stock](https://sandbox.liverfoundation.org/wp-content/uploads/2017/11/doctor-lab-coat-300x300.jpg)
The maximum supply of SAND will be 3 billion, and about 900 million tokens are circulating now. The Sandbox (SAND) is an ERC-20 token on the Ethereum network that acts as the native asset of The Sandbox virtual economy.