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One of the best NFT game cryptocurrency to invest in 2022
THE SANDBOX (SAND)
WHAT IS IT?
TL;DR: The Sandbox metaverse is a gaming platform made up of LAND, which are parts of the world, owned by players to create and monetize experiences. The Sandbox intends to give artists, players, and innovators in the blockchain community the tools they need to create the platform they’ve always wanted. They have lots of big partners as Atari, The Walking dead, Hell’s Kitchen, The Smurfs, South China Morning Post, etc…
WHAT CAN YOU DO WITH LANDs?
LANDs can be used to host games, build multiplayer experiences, create housing, or offer social experiences to the community
HISTORY:
2011: LAUNCHED by Pixowl
2018: Founders, Arthur Marid and Sebastien Borget, decided to explore 3D metaverse on blockchain
2020: Top 5 fastest-growing games on blockchain
2021: Raised $93,000,000 in funding from many investors led by Softbank (The most bullish sign)
PROS & CONS INVESTING IN THE SANDBOX
PROS:
- Many partnerships
- Recently raised $93 mils
- Low marketcap compared to other cryptocurrencies
- Thanks to Meta (formerly known as Facebook), metaverse topic is trending in these days
- Decentralized governance
- Gaming NFTs have a bright future
CONS:
- Currently not on coinbase, or listed on many major exchanges
- Low staking rewards
- LANDs are expensive to buy
- High learning curve on how to start
- Circulating supply is currently at 919 millions, which is only 31% of the entire max supply at 3 billions.