SAND (SAND) is a utility token used on the blockchain-based virtual world of The Sandbox where users can create, build, buy and sell digital assets. The Sandbox was launched in 2011 by Pixowl and has since grown to over a million active monthly users as of 2020, and operates on the Ethereum blockchain.
The platform aims to disrupt existing game makers by providing creators true ownership of their creations as non-fungible tokens (NFTs) and rewarding them for their participation with the utility token, SAND. In 2020, more than $20M SAND and $2.5M USD worth of virtual land, representing 40% of the total map supply, with more land sales continuing in 2021 and beyond.
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A lot of members like to hold onto their Sandbox in case it increases in value. You can hold your Sandbox in your Cointree account or transfer it to a private wallet.
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