The Metaverse industry seems to be soaring high nowadays. This comes especially after Facebook rebrands its holding company name to Meta. In the NFT gaming arena, many games jumped on the Metaverse wagon, such as The Sandbox. Not only did they announce their new Metaverse called Alpha, but their native token SAND soared in valuation. Why is SAND up and is it too late to invest in this project? Let’s talk more about The Sandbox crypto.
What is The Sandbox Crypto?
Sandbox is a virtual world based on blockchain, where users can buy, sell or even create their own digital assets. Thanks to Decentralized autonomous organizations (DAO) and Non-Fungible Tokens (NFTs), Sandbox created the perfect online experience, combining decentralization and gaming. As a mission, Sandbox aims to bring blockchain technology to the masses. Not only do they target gamers, but they attract creators as well, as not only can users play to earn, but also create digital art and sell them in-game.
The Sandbox Announces its New Metaverse
Today the 29th of November 2021, the long-awaited Alpha metaverse launches officially. In fact, the company has been working on this project for around 3 years now. Now is the perfect timing to hit the mass market and invite the first batch of users. The Metaverse hype is still rolling despite the recent crypto market adjustment, and The Sandbox seems to have all the fundamentals lined up perfectly.
The project has already more than 550,000 registered wallets and more than 11,000 landowners on its metaverse. This is definitely good news, and the price of SAND should definitely rise.
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The SAND Crypto Token explodes 80% in 7 days!
It is no surprise that after such an important event and hype around the new metaverse, SAND prices would in turn prepare for new highs. But wait, you know what SAND is right? Here’s a quick refresher.
SAND crypto is the utility token used on the Sandbox website. It allows users to transact with each other and promotes decentralized governance by allowing users to share their views and ideas about the development of the project. It’s very easy to earn the SAND token, as you can simply swap your cryptos and get SAND in return on the Sandbox platform, or even buy them directly from well-known exchanges such as Binance or Gate.io.
The SAND token has always consolidated below 1$ but recently boomed towards a current price of 7.3$ within almost 1 month. Investors would definitely feel left out, and buying around current prices is definitely a bit risky. It is advisable to wait for a small market correction, and see how the new metaverse Alpha would roll out. In fact, The Sandbox did have bad experiences when rolling out new game updates in the past.
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