AD
AD

Before we go any further, we to clarify that this isn’t about offering up a sacrifice to any type of gods, ancient Greek style. Not that we assume you’d think that anyway. No, this is all about the tokens in blockchain gaming and how much fun it can bring to the experience. We just wanted to get that out of the way.

The new currency of gaming

The way we play games is evolving. Buying expansion packs for popular games seems like a thing of the past. And even the last few games that saw a rise with in-game purchases appear to have died down a bit. That’s mainly because of the rise in cryptocurrency and its role in online gaming. Not only is it gaining popularity, but it is also forecast to become the future of gaming. Well, for real gamers anyway (you know who you are).

Games built on the blockchain focus on decentralization and freedom, giving you the ability to have complete control over your own gaming landscape. You’re not only a player within a mass community, but you’re also a creator. With games played on the blockchain, you can build your own landscape, your environment, and all the challenges and levels that come with it. Then you can charge a virtual currency for other players to join in and take part. One example of this was Hash – you parachute down into a land and then build up your virtual home on the blockchain. Then you can charge other people to enter and complete any challenges you create. The best bit is that the game and its elements are yours. You can monetize it through cryptocurrency, and you own it, not the game company.

Thriving in the Sandbox

The Sandbox blockchain game is poised to become one of the most popular games on the blockchain ecosystem. It promises to be massive, creating a community of people building their own ASSETS, environments and challenges. Its innovative SAND tokens play an enormous part in making its metaverse go around.

Blockchain games use their own token system as a form of currency, and these economics allow for the monetization of games. The tokens are exchanged for various opportunities, challenges, or entrance into an area that a player creates. Non-fungible tokens (NFTS) are ones that can’t be interchanged, for example, while Bitcoin may represent an asset and value. An NFT can have different values and is only used in the game that it is used on.

The Sandbox uses different types of tokens to make sure all types of players have optimal interaction. LAND tokens are used to buy a piece of land, your own prime real estate within The Sandbox upon which you can build, expand, rent, and create challenges on. It’s like having your own real-life construction company. There are other ASSETS available too, that can be found on the marketplace, but the beauty lies in SAND.

While ensuring it stands out as a blockchain game, The Sandbox doesn’t just give you bland tokens that are used only for purchases. It encourages you to live and breathe the Sandbox life. To create your own world, share it with others, and live within its own economy. For this to happen, you need to utilize SAND, the primary token that’s used for all transactions and interactions.

So, what can you do with it? Well, first of all, it’s used to play games, buy ASSETS from the marketplace, or to customize your character’s avatar. It is essentially the main currency, which means you use it to purchase other assets and LAND on which you then build your own challenges. It also plays an essential role as a governance token. If you have that, you can play an even more integral part within The Sandbox, exercising voting rights and prioritization on the roadmap of the platform. Essentially you become a stakeholder. Or a SAND-holder if you like.

As the main currency, it’s intrinsically linked to the other tokens. For example, SAND is important for staking. This means you can get passive revenue on your LANDS, which gives you more SAND and helps you get gems and catalysts needed for assets. SAND funds the metaverse and is part of all key decisions. From purchasing services to trading lands and playing or creating games to voting, all you need is SAND.

With more SAND, you can create more LANDS, and take advantage of the Game Maker to build and monetize your own games, then sit back and watch the SAND roll in. When it comes to a fully immersive experience that combines gaming, creation, and a cryptocurrency, The Sandbox gives you tokens that let you enjoy all of the fun and funds that come with it.

Subscribe to our daily newsletter!


          No spam, no lies, only insights. You can unsubscribe at any time.

This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Jake Simmons was the former founder and managing partner at CNF. He has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he has been involved with the subject every day. Prior to Crypto News Flash, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

Exit mobile version