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Video games have always been a very popular medium among a wide variety of people.and in the last decade they have evolved to the point where video games have been developed which can generate real money. These are called NFT games.
These games are very popular because they represent a means to generate profits in an entertaining way and, in many cases, without investment or with a really low investment. And actually, one of the most popular metaverse type game is The Sandbox.
In the next few paragraphs, We will thoroughly explain everything you need to know about this monetizable video gamefrom the operation of the internal economy of this metaverse, to some useful tips that can help you a lot to generate profits through The Sandbox
What is The Sandbox Game?
The Sandbox is a Play-To-Earn Video Game which works as a metaverse in which users can register to create their own worldswhich you can monetize through the use of blockchain technology and non-fungible tokens (NFT). The game is implemented on the Ethereum blockchainwhich works like a logbook showing precious details about all transactions made.
Giving The Sandbox the stability and security of one of the largest blockchain today. Can find it available as a mobile app for iOS and Android devices since 2012. Although the game itself has been around for quite some time, it is only recently that it was applied in blockchain technologythen acquiring completely new features.
How does the economy of The Sandbox work?
The essence of Play-To-Earn games is centered around the use of NFTs. These are objects or goods within the game that are created through blockchain technology., ensuring that each item is unique and with its own value. In The Sandbox, these digital goods are divided into three typesthe game’s internal token, called sandthe lands corresponding to each world created within the game, and the assets that each game creates or obtains.
Let’s see below:
SAND Token
The SAND is the internal token of Te Sandbox through which you can make transactions within the game. It is a commonly used token that has a maximum expression of 3,000,000 units that you can store and has a variety of purposes.
To get started, allows players to make buy/sell transactions within the game environment, thus allowing the acquisition of equipment, accessories to improve characters and access to mini games within The Sandbox. Possessing this token also offers stacking benefits, right to participate in the on-chain governance of the game and use them to acquire the LAND token and expand the domains of your world.
Land
Ownership of land within The Sandbox game is determined by possession of LAND tokens. This token is used to stipulate the ownership of an area within the game, so when you acquire a LAND token, you are actually acquiring a lot of territory within The Sandbox, digitally represented in the Ethereum blockchain.
The LAND token are one of the most precious goods in the gamedue in large part to its scarcity, since there are only 166,464 LANDs in totalmaking it a very rare and extremely valuable token.
One LAND token equals 96×96 meters of terrain within the game and can be combined to create larger tracts of land, called ESTATE. Additionally, owning LAND tokens grants players a host of benefits. To get started, by owning LAND you can access the games within the metaverse, you can also create unique and fully customizable spaces and charge other users a small commission for access to your spaces.
Active
The assets, or tokens ASSET, they represent a wide variety of elements within the game. They are known as voxels and, in short, a voxel can be any object, item, or character that can be interacted with in-game, be it your avatar’s equipment or a virtual pet. ASSETS tokens are divided into several categories that represent each voxel.
The categories are:
- Entity: identifies any element of designs within the game. For example, a tree qualifies as an ASSET and is linked to its own Smart Contract.
- Equipment: it is used to identify elements that you can put on your avatar, such as armor, swords and other types of equipment.
- Block: this is the type of ASSET by which you can create spaces in your lands and build elements of your own world within the game.
Risks of investing in The Sandbox
In the same way that every investment has a risk, Regardless of the type of transactioninvesting in NFT games like The Sandbox, although it can be quite lucrative, it also carries certain risks for potential investors.
Speaking specifically about The Sandbox game, the biggest investment risks are as follows:
- Volatility of the value of SAND: It is an inherent characteristic of most cryptocurrencies, since its value is subject to many factors and can change very quickly.
- Low valuation of NFTs: When purchasing properties in The Sandbox metaverse, there is an investment risk when purchasing, for example, a property, and that property may not appreciate in value as expected, leading to a loss of money.
- Need to sell at a lower price: it’s a risk inherent in real estate trading, both in the real world and in the metaverse. Whether due to currency volatility or other reasons, in certain cases the purchase of properties can lead to economic losses.
Learn how to make money in The Sandbox
The Sandbox is a very versatile game that offers its players a large number of game modes and ways to earn money from the internetwhich can vary from creation of NFTs to the rental of LAND tokens.
The number of monetization methods and game modes of The Sandbox make it an excellent opportunity to generate profits, offering the methods described below:
Providing liquidity to the SAND token
There are many liquidity mining pools for the SAND token that you can join to increase the liquidity of the token and get rewards for it, offering variable percentages of profits in token SAND. It is about participating in liquidity poolswhich are used to facilitate the trading of the SAND token and various cryptocurrencies thereby providing liquidity to increase its valuer.
These funds are widely used by various Exchange platforms. Also, The Sandbox website has a native function that serves to increase the liquidity of your tokens, which contains a page dedicated to token trading, which you can use as many times as necessary. To increase the liquidity of your token.
Creating NFTs (VoxEdit)
The creation of NFTs within The Sandbox metaverse It is carried out by means of a software called VoxEdit, which is used to create, animate, and customize your own voxel-based NFT items. Through this program, you can create a wide variety of items, including equipment, weapons and clothing for your character, modifications for virtual pets, vegetation and even properties within your spaces.
Any item created with VoxEdit is minable, and can be converted into NFTs and sold in the in-game Marketplace for SAND tokens. One of its best features, which it has had since its creation, is its friendly interface that is easy to understand for new users.
Creating games (GameMaker)
GameMaker is a program through which The Sandbox users can create and test their own 3D games quickly, easily and for freeusing any of the elements created in VoxEdit.
One of its best features is that it’s so simple to use that extensive game design experience is not necessary to be able to create your games within the metaverse environment of The Sandbox. The program works using LANDs Y ASSETS to create your own elements within the game, turning it into a space of your property for which you can charge a commission so that other users can use it.
Buying and renting land
Buying territories is a big step for players since when you have acquired enough, you can use them in such a way that they generate profits for you by renting them to other players. LANDs are acquired during public sales, which are announced in in-game communitiesand allows players to monetize their possessions by renting them for use by other users.
The rental price of buildings in your territories is completely at your disposal. You can rent your lots of land or the buildings that are on them for the amount of LAND you want, and these will be transferred to your wallet so you can change them to dollars or euros.
with advertising
Today, a host of brands have dabbled in the metaverse, so that users can use clothes and virtual services provided by this brand. certain brands They have also made sponsorship within the metaverse.
It is possible to create advertising platforms within The Sandbox, which can range from billboards to posters on your buildings. All of this helped by companies like Nike, who have carved out their own niche in the metaverse for marketing their merchandise.
Other lucrative metaverses you should know about
While The Sandbox is the most popular Play-To-Earn metaverse to date, there is a large number of metaverse-type video games with very similar dynamicsthrough which you can generate profits.
Let’s see:
TCG.World
It is a conceptual metaverse that represents a virtual world that gives players the possibility to interact with each other. so they can invest in digital real estate, search for collectible NFTs and earn TCGCoin. Within TCG World, all you can get is an NFT that you can trade and make money withfrom digital properties and vehicles to avatars, pets and trophies, which you can buy and sell to other players.
Trading within the TCG World metaverse is based on TCGCoin, the native currency of regular tender, whereby players can maintain an economy of continuous supply and demand within the virtual world, as well as trading the collectibles for real money.
MetaLovil
It is a recent open world Play-To-Earn game, which aims to provide its users with a very complete decentralized metaverse experience on the Binance Smart Chain (BSC) blockchain. MetaLovil allows its users to interact in a very dynamic way with their environment, thus favoring the collection of materials that will allow them to build the elements to survive and prosper within the game.
Players can also own private and exclusive land and trade with each other through the use of the LOVIL token., the native currency of the game, through which you can buy and sell everything from basic building materials to land and property. Get all the information about MetaLovil from this link https://gleam.io/nf7s7/metalovil
decentraland.org
It is an open world metaverse built on the Ethereum blockchain, whereby users can explore a vast virtual world just by visiting the Decentraland websiteand investors can buy lots of land and monetize them at their convenience.
This metaverse uses standard verification ERC-721commonly used in NFTs, to verify ownership of objects and territories within the game. With ownership verified and transactions recorded in detail, users can trade these items in-game for real money. The regular in-game currency is the MANA token, and it has a variety of uses.. For example, it is a governance token, which allows its holders to have a vote regarding the future of the project.
genesis.game
It is a completely decentralized open world sustained by a community working together to grow the metaverse, sustain them and make them last over time. One of the main features of Genesis World is that its entire economy is created and regulated by the community, thanks to the large number of worlds that make up its ecosystem, which are created by members of the community who share interests.
Genesis World uses two tokensthe game’s native token is called GENESIS, and the one used for regular in-game trading, as well as functioning as a governance token. And in a secondary plane, there are the tokens of mining claim (MINING CLAIMS)which facilitate the governance of the individual worlds built within the metaverse.
substrata.info
It is a 3D virtual open world that is in early development phase, which does not adhere to a strict NFT foundation. Nevertheless, Players can purchase parcels, properties, and items that can be minted as NFTs on the Ethereum blockchain.
Substrata allows a very complete interaction between users, which can chat with each other, build, explore the vast game world and acquire a lot of private land to customize. From the website you can install the free client, available for operating systems Windows, Mac, and Linux, through which you can start exploring this vast world.
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