Sandbox on Kanga Exchange – #MetaverseWeek
In the last year, it was impossible to ignore the Metaverse trend, which took over the world of cryptocurrencies. It’s hard to imagine the Metaverse without The Sandbox, which, apart from a rich history, introduced many innovations and utilities to the virtual world.
History of The Sandbox
Sandbox was founded in 2012 as a project creating mobile games, which today has accumulated over 40 million downloads. In January 2018, The Sandbox project began developing a new version of the game – a 3D multiplayer platform using Ethereum blockchain technology to offer a virtual world where players can equipment and earn money.
Over the past 3 years, Sandbox has built an economy for users fully based on NFT and LANDS. They raised $3.41 million from strategic investors such as Hashed, Square Enix and True Global Ventures, in the meantime and their team has developed many tools. Sandbox has secured over 60 partnerships to create content on their platform. Partnerships include brands like Smurfs, Shaun the Sheep, dApp game studios like Dapper Labs (CryptoKitties), investors like Square Enix (Final Fantasy, Tomb Raider), and iconic gaming companies like ATARI (Rollercoaster Tycoon, Pong).
How does The Sandbox work?
Sandbox software uses the Ethereum blockchain to track LANDS and NFT on its platform. Users can engage with the ecosystem by taking advantage of Ethereum-based wallets that store their SAND tokens.
Developers can also innovate on the Sandbox platform by designing animation and interactions based on their virtual real estate using several tools:
Game Maker – Allows users to build 3D games on their LANDS using the ASSETS they have made or bought in the market
Voxels Editor – Users can create voxels, the smallest unit of three-dimensional design, to create and bring to life their creations such as flora, fauna and avatar accessories such as clothing or weapons.
Users can upload their creations to The Sandbox marketplace, where they are first registered as ERC1155 (ASSETS) tokens in the Ethereum blockchain. ASSETS can then be bought and sold using SAND.
From today you have the opportunity to trade SAND tokens on our exchange in pair with Tether.