The Sandbox (SAND)

Use Cases of The Sandbox

• Metaverse Currency: The Sandbox uses the $SAND token as the main currency within its virtual world. Players use $SAND to buy, sell, and trade virtual land, assets, and services.

• Marketplace: $SAND powers the Marketplace where users can trade digital assets like NFTs, including land, avatars, and items created by the community.

• Creation Tools: The Sandbox offers tools like VoxEdit for creating 3D voxel art and Game Maker for building games and experiences. $SAND is used to access and participate in these creative activities.

• Governance and Staking: Landowners and $SAND holders can stake tokens to participate in governance decisions, helping shape the future of The Sandbox metaverse.

• Districts and DAOs: Future updates plan to introduce districts where groups of landowners can form decentralized autonomous organizations (DAOs), using $SAND to collaborate and manage shared virtual spaces.

For more details, visit The Sandbox official website.

Pros

• The Sandbox attracts many investors interested in gaming and virtual worlds.
• It offers opportunities to build a game portfolio and earn rewards through play-to-earn (P2E) features.
• The platform has strong backing, including significant investments like $93 million from Softbank.
• It supports user-generated content, allowing players to create, trade land, and sell NFTs.
• The Sandbox has a growing user base and continues to develop with upcoming updates like a mobile version.
• SAND is listed on major exchanges, making it accessible for buying and trading.

Cons

• The Sandbox is still a niche market compared to big gaming platforms, limiting its current reach.
• Liquidity issues have caused price spikes and volatility in the SAND token.
• The platform is in early stages with no fully live games yet, which may affect user engagement.
• Price predictions vary widely, showing uncertainty about its future value.
• The crypto market’s volatility and regulatory environment can impact The Sandbox’s growth.
• Competition from other metaverse and blockchain gaming projects is strong.

Overall, The Sandbox offers exciting potential in the metaverse and gaming space but remains a developing project with typical crypto market ups and downs.

Founders of The Sandbox

• Arthur Madrid: Co-founder and CEO, involved in the early creation and growth of The Sandbox.
• Sébastien Borget: Co-founder and COO, responsible for operations and community building around The Sandbox.
• Adrien Duermaël: Co-founder, game designer who helped start the original company Pixowl, which evolved into The Sandbox.

Major Investors

The Sandbox has attracted investments from well-known companies and individuals including SoftBank Group, LG Technology Ventures, Samsung Next, Liberty City Ventures, and Animoca Brands (the main investor and owner).

Notable Individual Investors

Cameron Winklevoss and Tyler Winklevoss, famous crypto investors, as well as Adrian Cheng, have invested in The Sandbox.

Corporate and Industry Partners

Video game developer Atari and cryptocurrency exchange Binance are also investors and partners in The Sandbox ecosystem.

Investment Highlights

• SoftBank led a $93 million funding round in 2021.
• Animoca Brands acquired The Sandbox and continues to support its growth.
• The platform has attracted high-profile digital landowners like Snoop Dogg and Deadmau5, showing strong interest from celebrities and creators.

Halal Status

Yes, The Sandbox is generally considered halal by scholars who view cryptocurrency as permissible. It is seen as a utility token and an asset rather than a currency.

Reason

The Sandbox operates as a gaming blockchain platform where users can build, play, own, and monetize virtual experiences. Since it functions ethically and transparently without involving prohibited activities, it aligns with halal principles according to Islamic finance scholars.