SAND set to double & more
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
The Sandbox is a unique platform because it introduces blockchain technology to the world of gaming. The gaming industry is a huge untapped market when it comes to the adoption of blockchain tech, and Pixowl saw that in 2011. By creating a universe where gamers can create and collect blockchain-based assets, the Sandbox aims to revolutionizes the market. It makes a niche for itself in the global market of gaming.
By focusing on user-generated content, the Sandbox creates a metaverse of involved players who contribute to the platform’s further development. Not only that, by introducing the SAND token, the Sandbox promotes decentralized governance and allows users to share their views and ideas about the development of the project. Thanks to the evolving technology, decentralized governance is becoming a must-have in blockchain-based projects.
According to CoinMarketCap, The company started out with a bang and attracted support and investments from numerous big names in the gaming industry. These include brands like Atari, Helix and CryptoKitties.
Why we are bullish ?
SANDBOX mother parent Animoca Brands raised $65 Million at $2.2 Billion Valuation from the likes of UBISOFT, Liberty City Ventures, Entertainment, Sequoia China, Dragonfly Capital, Com2Us, Kingsway Capital, 10T, Token Bay Capital, Smile Group, Tess Ventures, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp, and Justin Sun.
The most notable name is UBISOFT, it is a French video game company. Its video game franchises include Assassin’s Creed, Far Cry, For Honor, Prince of Persia, Tom Clancy’s, Just Dance, Watch Dogs, Rayman, and Rabbids
Facebook's recent rename move is a game changer for tokens like SAND
Facebook’s recent move to rename itself as META is pushing mainstream interest into Metavere as a sector. Tokens like AXS, MANA, SAND, ALICE, TLM, GALA are at the forefront of METAVERSE story. Yesterday we wrote “MANA is set to explode for $3 target.” Today MANA already posted 2.85 high resulting in more than 100% move.
We are now aiming to buy SAND on dips for a potential target of 2.35 / 3.15 with a chance for a move to 5.73 and above. We booked some profits for MANA and will buy back again on dips and will milk the trend until it lasts/ Lets see if we get nice dumps on sunday and nice continuation in November.
SAND posted over 3000% move in less than a year after listing on Binance Exchange in 2020. Lets see what we get this time around.