A voxel-based game that distributes control back to its players.
QC by Dave Sing
Research Summary
Development
Developed by Pixowl, Inc. (an Animoca Brands’ Company), The Sandbox aims to be a voxel gaming platform that distributes control back to its players.
The company believes that using cryptocurrency and NFTs, creators can gain more value for their creations in games. This model is being tested now, as the official game has been released.
Future updates include launching of a DAO with staking and voting mechanics, hosting virtual concerts, and a mobile version of the game.
No technical issues were identified for the project.
Tokenomics
SAND was made available in an ICO during the period between May 2019 and November 2019.
Within the ecosystem, SAND has multiple purposes. Some of which include using the coin as a medium of exchange, a governance token, staking, rewards and more.
Most of the coins are not currently in circulation. The total coin supply could see inflows from vested coins in the future, with all the coins having been distributed during the ICO.
A specific annual inflation rate for SAND was not able to be determined.
Community
The Sandbox has over 1.5 million followers, with a presence spanning across 6 social media platforms.
The Sandbox has many notable partnerships including Snoop Dogg, Adidas, Atari and more. Some notable investors in the platform include Square Enix, B Cryptos, TGV and Mindfulness Capital.
The Sandbox is currently at the top of the GameFi/blockchain gaming niche, with a market capitalization of approximately $4.9 billion as of February 9, 2022.
Conclusion
Based on the research conducted, The Sandbox (SAND) appears to be a fundamentally strong project.
Potential Red Flags
Tokenomics – An ICO was conducted for the initial SAND distribution.
Tokenomics – The majority of all SAND is held by the company/team, advisors and strategic investors.
Tokenomics – The majority of SAND is currently locked up and not circulating in the open market.
Community – The team is currently 100% responsible for the project’s direction (DAO in the works).
- Tokenomics – An ICO was conducted for the initial SAND distribution.
- Tokenomics – The majority of all SAND is held by the company/team, advisors and strategic investors.
- Tokenomics – The majority of SAND is currently locked up and not circulating in the open market.
- Community – The team is currently 100% responsible for the project’s direction (DAO in the works).
Dark Paper
View The Sandbox (SAND) Dark Paper for a detailed scoring breakdown.
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