Cryptocurrency Prices by Coinlib
Worth of SAND surges as The Sandbox marks 5 years since first land NFT sale
One among blockchain gaming’s most outstanding tasks since its 2018 reveal, The Sandbox has quite a few causes to have fun as we’re approaching the top of 2024.
Though having gone via a quieter section in comparison with its early days, the discharge of its alpha season 4 in October appears to have sparked extra noise and anticipation across the Roblox-like web3 recreation platform. Within the first two weeks alpha season 4 garnered 276,000 distinctive customers, of which 30,000 purchased $5 alpha passes to be able to enhance their rewards.
Nevertheless it was 5 years in the past that The Sandbox dropped its first LAND sale, which have since been an everyday staple in several kinds relying on the platform’s newest model collaborations. Seeing accumulating gross sales quantity, 80% of all LAND plots on the map have now been bought, additionally driving up the general market capitalization of the map to over $1 billion.
When it comes to complete buying and selling quantity, the LAND NFTs have generated 138,461 ETH ($481 million) on secondary NFT market OpenSea.
For customers inquisitive about grabbing a plot, the ground worth at present sits at 0.13 ETH ($452).
In associated information, however for no obvious purpose apart from crypto’s basic constructive sentiment, The Sandbox’s SAND token worth has elevated sharply during the last 30 days. Up 211%, the present worth is $0.77.
Though a 79% year-to-date enhance, the worth has dropped 91% since its all-time-high of $8.40 three years in the past. It at present ranks #70 of all tokens.
Persevering with to increase with new model collaborations and experiences, The Sandbox has additionally taken some vital steps by way of broader ecosystem growth all through 2024.
Its SAND token built-in help for a number of blockchains, together with BNB, Base, and Polygon, constructing stronger connections and interoperability throughout networks. In Could, the developer additionally launched The Sandbox DAO, permitting its group of SAND and LAND holders larger affect by delegating decision-making on issues referring to SAND and LAND property, its reward system, and extra. Reaching one other vital milestone, in March The Sandbox introduced it had seen over 1,000 UGC experiences printed within the map.
Getting ever nearer to its full launch, The Sandbox is working in the direction of a cell launch along with its present PC model, though no launch date has but been confirmed.