Why You Should Buy Land In The Sandbox
Sandbox is a metaverse built on the Ethereum blockchain where people can play, create and monetize their virtual experiences. Their utility token is called SAND, and it is the currency used within the Sandbox ecosystem. The users of Sandbox are essentially the creators of the game. This allows creators to build what they envision — this is called user generated content. The company is also developing a range of different experiences within the game that users will be able to play. With Sandbox, users build the game and develop events by having control over every detail the metaverse ecosystem has to offer. It has a warcraft feel, but it is built on the blockchain. NFTs will represent pieces of land, avatars, and ingame assets (like swords and clothing). The use of NFTs will provide true digital ownership of these assets.
What can you do with a piece of land in the Sandbox Metaverse?
By owning a digital piece of land, you will be able to do whatever you like with it. For example, you can build your own games or hold your own events. For example, suppose a DJ like Steve Aioki wants to hold a live digital show. He can host it within the parameters of his land and those who hold his NFT can attend. By the way, both Steve Aioki and Snoop Dogg already own land in the Sandbox metaverse.
To better contextualize how large the ecosystem is, there is only ever going to be 166,464 thousand plots of land that can be purchased with Sandbox. They have developed a limited number of plots to create scarcity, just like in the real world. The current value of all pieces of land is over $500 Million USD, and the smallest plot of land in the Sandbox is 96 x 96 meters. On these pieces of land, you can host businesses (you can sell avatars/NFTs), events/parties (live concerts), games, and different experiences. They can even be your home where people can just come to hang out with you, virtually. Imagine Snoop Dogg coming to your house and speaking to you virtually over your headset- — this is a real possibility. You can even rent out your plot of land if you don’t know what to do with it. Yes, you can generate real revenue by becoming a landlord in the virtual world. The possibilities are endless, but almost anything you are able to do in the real world, can be done in the metaverse.
There are already some massive names who own large plots of land in the Sandbox. Other than Snoop Dog and Steve Aioki, names include, The Walking Dead, the smurfs, Gucci, Deadmau5, all own large plots of land. Go to https://opensea.io/collection/sandbox to buy your plot of land!