How to Make Money Online Playing The Sandbox NFT Game in 2021?

The Sandbox is an Ethereum-based metaverse and gaming ecosystem where users can create, share, and monetize in-world assets and gaming experiences. The Sandbox users have the absolute ownership of their in-game creations.

Can you make money playing The Sandbox? Is there even a chance of high returns when buying SAND tokens? Today, we will try to find out!

Briefly About The Sandbox Game 

The Sandbox is software that is based on Ethereum and operates a decentralized digital game world. The Sandbox is a mixture of a game, a game engine, and a content-sharing platform (like Steam). However, at its core, The Sandbox is a game in which players can buy digital LAND and use it to create an experience to share with other users. 

In addition to the NFT-type LAND token, The Sandbox has two other native tokens that regulate the operations in its metaverse:

  • A SAND token is used to facilitate various in-game transactions, including buying LAND, interacting with user-generated content, and participating in the governance of the Decentralized Autonomous Organization (DAO).
  • An ASSET token is an NFT token representing in-game items, which can be traded on The Sandbox marketplace.

The Sandbox software uses the Ethereum blockchain to track ownership of the digital LAND and NFT ASSETs. Users continue to engage with its ecosystem by using Ethereum wallets that contain their SAND tokens. Developers can also create new projects on The Sandbox platform by creating animations and NFT items using a variety of tools.

Tokenomics of The Sandbox Ecosystem

In-Game Tokens

By providing an ecosystem for tokenized assets in games, The Sandbox uses several different tokens. As was mentioned earlier, SAND is an ERC-20 token that powers all transactions and interactions in the ecosystem. 

For example, SAND tokens are used to play games, buy in-game equipment, or customize the avatar. In the future, SAND will also serve as a governance token, which will enable its owners to vote on changes in the project.

SAND can also be used to buy ASSETs and LAND, digital real estate represented by ERC-721 tokens. Players can use their LAND, a 96×96 meter digital land plot, to place games and ASSETs. Only 166,464 land plots will ever exist.

SAND Token Scheme

Finally, SANDs can be used to purchase more tokens, as well as gems and catalysts — two other types of tokens required to create assets. Catalysts are ERC-20 tokens that define the level and the scarcity of the assets. Levels range from common to legendary. 

Gemstones (gems) are also ERC-20 tokens and are burned when used. Gems can not only be acquired through SAND staking but can also be acquired by other players directly.

How to Play The Sandbox?

The Sandbox is a virtual ecosystem with its own metaverse where players can design worlds and characters and create digital ASSETs. All objects in The Sandbox can be traded with other players. Everything that has been created can be placed on virtual land plots called LAND, where players can develop interactive levels that other players pay admission to play.

Land Plots in The Sandbox

The whole gameplay system revolves around players sharing experiences and playing levels created by other players and developers. But not only developers can earn money in the game sing players are also rewarded by collecting resources, rewards, and tokens while playing. There is also a system that provides scholarships to developers. It has already funded 15 game projects.

How to Make Money in The Sandbox?

There are many ways players and developers can use generate income in The Sandbox. Developers can create assets and then upload them to The Sandbox Marketplace to sell as NFTs — for example, assets such as avatars, motorbikes, and animals are pretty expensive. The price range is from less than 10 SAND to thousands of SAND.

Motorbike for Sale

Likewise, developers can use The Sandbox Game Maker to create and monetize their own games. Players can also earn rewards while playing — for example, by collecting resources. Also, both players and developers can generate income from their land plots by renting them out to other players or filling them with in-game content to increase the value.

How Much Does It Cost to Play The Sandbox?

The Sandbox is free-to-play. In addition, it offers free tools for creating assets. VoxEdit is a free tool to create voxel assets. Apart from VoxEdit, The Sandbox has the free software GameMaker. This software can be used to create games or other interactive installations.

The Sandbox GameMaker

To create them, developers can use non-fungible tokens (NFTs) created with VoxEdit. Once the game installation is complete, all assets used will be stored in an ERC-1155 non-fungible token.

Essentially, this means that these interactive creations can also be sold as separate games within The Sandbox platforms. For this reason, some landowners charge a fee to play games on their land plots. Thus, some games within The Sandbox can therefore be chargeable.

Key Pros & Cons of The Sandbox 

Like Axie Infinity, The Sandbox is one of the most popular NFT games. While the game’s user interface and overall look are pretty simple at first, the play-to-earn concept makes The Sandbox an attractive game.

The Sandbox Game

Many people have already made money creating and selling NFT-based digital content. Another underrated benefit of The Sandbox is that it offers people an easy way to learn how blockchains and cryptocurrencies work. 

Advantages

  • Play-to-earn concept;
  • Offers an immersive digital ecosystem;
  • The developers have more than 60 partnerships with IPs in the gaming space;
  • The Sandbox metaverse is similar to Roboblox, but with a stronger play-to-earn initiative.

Disadvantages

  • The Sandbox is primarily a game. Making money with The Sandbox takes a lot of time and effort;
  • For most users, The Sandbox is not a consistent source of income.

The Sandbox is first and foremost a game, and players shouldn’t consider it a continuous and consistent source of income. Also, many experts have concerns about the sudden and increasing popularity of NFTs. 

Current interest in NFTs could create an economic bubble that could eventually burst due to market hype and speculation, as well as overvaluation. If so, then many developers could give up The Sandbox metaverse because it is no longer profitable.

Of course, the cryptocurrency market itself also has its own risks. Digital assets, and NFTs in particular, are very volatile. Historical trends show that the cryptocurrency market is experiencing both sharp ups and downs.

Conclusion

As was mentioned before, The Sandbox is a play-to-earn game based on NFT and blockchain technology. The current number of players and partnerships are very good indicators that The Sandbox has a solid ecosystem and economy.

In addition to the advantages mentioned, the value of SAND token used in the game is based on a fair market price. Nevertheless, investors should stay alert. The Sandbox is primarily intended as a game multiverse and not as an investment tool. Moreover, NFTs are still very prone to overvaluation and hyperinflation. 

Thus, before investing in The Sandbox, you should carefully evaluate your own risk tolerance! Have you ever played the Sandbox game? Feel free to share your experience in the comments!

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