INTRODUCTION
As more and more of the gaming platforms become intermingled with the blockchain, it is likely we will see many additional projects launch for the purpose of monetizing the experience involved with gaming. The Sandbox, which is already operational, is one of the leading projects in this area.
In this subsection of the Leo Finance The Sandbox (SAND) Coin Guide let's give a look into the pros and cons associated with this project to see if it fits your investment parameters.
PROS ASSOCIATED WITH THE SANDBOX (SAND)
- The Sandbox embraces an original idea far beyond the mere decentralization of gaming on the blockchain. It revolutionizes the concept of building a complete and total gaming universe on the Ethereum blockchain.
- Likewise the tokens used in The Sandbox go well beyond being mere assets. But, in fact, these tokens are representations of the rights enabled to users to receive the actual gaming experience (plus, in the case of some, to provide the same).
- The Sandbox's decentralized protocol makes it simple for it's users to buy, sell, and trade various products and services within the Sandbox metaverse.
- We all are keenly aware that NFTs are a trending item in the current cryptosphere and The Sandbox has put them to good use. The NFTs used on the platform turn each virtual world land plot and object into a full fledged, unique property that becomes an income generator for its owner.
- These NFTs coupled with the decentralized protocol present in The Sandbox ensures the safe and secure ownership of the in-universe assets.
- The Sandbox offers three products for the use by platform users:
- Game Maker - a shell containing convenient tools permitting platform users to build full game levels with scripts on a specific piece of Land. This also contains ready made templates allowing users to create their own scripts.
- VoxEdit - a 3D editor permitting users to create and animate objects with voxel graphics (in three dimensional computer graphics a voxel represents a specific value on an ordinary grid in 3D space). Utilizing this tool, users can create buildings, vehicles, avatars, and virtually any other object by the furnishing of placement location.
- Marketplace - a full blown store for the buying and selling of goods and services, and additionally allowing users to test the games of others developing on the platform. If you are looking to buy or sell a location or avatar, the Marketplace is where to visit.
- VoxEdit and Game Maker are valuable tools for novice game designers and 'mod-makers' to start, as they aide in enhancing the novices' skills and provide a means for the novice to immediately monetize their efforts.
- All token holders can actively engage in platform governance if they should so choose.
- The Sandbox regularly uses the AMA (Ask Me Anything) format for the education of the platform's community.
- The platform's creators and key personnel are very active on social media keeping the platform's community well informed.
- The project's native utility token, SAND, may be staked whereby stakers receive a portion of the platform fees charged. Staking does not result in the generation of new SAND tokens at present.
CONS ASSOCIATED WITH THE SANDBOX (SAND)
- There exists a major economic restriction surrounding the SAND token. In essence, this token is neither a full-fledged cryptocurrency or a digital asset. It exists solely to link together the various elements of The Sandbox system and for the playing of games on the platform. As such, the SAND token carries value only slightly greater than that of an in game token on any regular MMO.
- Flowing from the economic restriction is a resulting narrow target audience for The Sandbox. Basically, the SAND token is only useful to either game developers or gamers themselves. The holders of SAND tokens rights and platform's opportunities are limited to game use or creation.
- True decentralization of the ecosystem present in The Sandbox is an open question as the developers utilized pre-mining for the project. It is unknown what type of authentication algorithm will be used in the protocol nor is it known how the processing nodes will be incentivized. At present it does appear that protocol transfer recording is centrally accomplished.
- The Sandbox is a very young project having only been released approximately seven months and full implementation of the project's roadmap is not planned until 2023.
CONCLUSION
Although one must be mindful of the items listed herein as 'cons', as The Sandbox is metaverse related, it will continue to draw attention especially as this burgeoning technology expands. If you are considering investing in The Sandbox, please remember every individual investor possesses a different present financial circumstance, tolerance for risk, and investment strategy. These must be weighed in light of the pros and cons set forth above in finalizing any investment decision. Accordingly,as the potential investor, you should make a final investment decision which is appropriate for your individual circumstances and in your best interests.
Good luck.