Blockchain Gaming News

Blockchain Game “The Sandbox” Sells Virtual Land for $76K

  • The Sandbox gaming world sold plots of virtual land for $76K.
  • $555k worth of Sandbox NFT sales were recorded by nonfungible.com data.
  • The Sandbox has also partnered with well-known firms such as Atari and Cloudco.

The Sandbox, an Ethereum VR game has set a new record sale. Two of its 6×6 estates located right next to Atari and Roller Coast Tycoon XL Estates have been sold for 210 ETH, which is about $76,931.

Amazingly, the selling price of The Sandbox estates is 28 times the original price of $1,400 each. The Sandbox virtual ecosystem allows players to create and own blockchain-based virtual items in the metaverse built on the Ethereum network.

Additionally, this blockchain-based game features Atari games and the virtual Care-a-Lot Kingdom featuring Cloudco Entertainment’s Care Bears.

The Sandbox Sales Records

The Sandbox utilizes Non-fungible tokens (NFTs) and its native token SAND. According to nonfungible.com data. The Sandbox’s virtual ecosystem has been the fifth-largest seller in terms of NFT trade volume.

Also, nonfungible.com recorded $555k worth of The Sandbox NFT sales. As of date, the blockchain-based game has seen a total of 42,420 sales worth $2.2 million.

The Sandbox Partnerships

This player-created online world joined forces with video game maker Atari in March this year. Following this, a number of Atari favorites will be available in the 3D Sandbox world. As such, Atari announced that The Sandbox visitors will be able to obtain Atari-issued in-game assets.

Animoca Brands, The Sandbox’s parent firm, also recently announced a partnership with Cloudco Entertainment, which is the owner, content producer, and global distributor of the Care Bears. The agreement brings the Care Bears and their Care-a-Lot Kingdom to The Sandbox metaverse.

In addition to Atari and Cloudco, other well-known firms like Square Enix, Shaun the Sheep, and Rollercoaster Tycoon World have also partnered with The Sandbox.

Startup TSB Gaming, a subsidiary of the firm Animoca Brands, created The Sandbox. This Ethereum VR game leverages a voxel editor that allows users to create 3D assets. They can also develop on land parcels that can be purchased with the project’s native token SAND.

CoinQuora Staff

CoinQuora is an online publication that aims to educate about news, exchanges, and markets in the cryptocurrency and blockchain industry

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