Who owns sandbox crypto?

The Sandbox was founded in 2011 by Arthur Madrid and Sébastien Borget. The company is a subsidiary of a Hong Kong-based game software company called Animoca Brands . Therefore, technically speaking the Sandbox is owned by Animoca Brands. However, as The Sandbox Metaverse is decentralized, no one really “owns” it.

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What is Sandbox NFT?

The Sandbox is an Ethereum-based decentralized NFT gaming metaverse that enables non-tech savvy users to create, sell, use, and monetize their own virtual reality NFTs . The crypto metaverse uses its native token SAND to underpin the entirety of the in-game economy.

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Is SAND A ETH token?

$SAND is an ERC-20 token built on the Ethereum blockchain . It is the main utility token and the currency of The Sandbox’s ecosystem. It is also a governance token. As such, $SAND will be required for the buying and selling of non-fungible tokens (NFTs), such as LAND and ASSETs, from The Sandbox’s marketplace.

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