The Sandbox is a metaverse platform where users create unique gaming experiences. Sandbox provides users the ability to monetize their gaming experiences from builder and player perspectives. SAND is the platform’s native currency. $SAND is the main utility token that allows you to buy and sell LANDS and ASSETS in The Sandbox metaverse.
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USER-GENERATED GAMING PARADISEAdding The Karbon Collective NFT to your bag will help turn your goals into a reality. This powerful system is unlike anything you have ever seen. There is no high pressure sales pitch because only a finite number people can join at this time. Afterwards you will be added to the waiting list.The Sandbox leverages three core products and three tokens (SAND, LAND, and ASSET) that in tandem provide users the tools to create robust decentralized gaming experiences. Products include an object modeling tool, a marketplace for trading in-game assets, and a game creation tool that allows users to build and monetize their own games. The Sandbox’s native currency, SAND, can be used to purchase assets and earn rewards while playing games. LAND tokens each represent a parcel of digital land that can be populated with games and experiences. ASSETS are programmable tokens and can be uniquely designed by builders to fit their own games. TECHNICAL ANALYSIS The SAND chart remains in rebuilding mode technically, following a near 70% drop from November into mid-March lows. Its progress in joining the rally seen in many cryptocurrencies in recent weeks has been encouraging, but more needs to happen to have confidence that SAND is beginning a major rally. Prices did manage to eclipse the downtrend extending from November peaks, which is a positive sign, as this had held on the first rally attempt back in February. Similar to the rally into early February, SAND managed to retrace nearly an exact 50% retracement of the prior decline, an important level of resistance that often pays to keep track of. However, given that SAND has not yet recouped even 1/3 of the larger decline from November peaks, it’s thought to be a relative laggard, but would regain in appeal on any movement back over $3.75 on consecutive daily closes. This would help SAND push higher to test February highs at $4.84. A breakout above $4.84 could signal a bullish trend, allowing for higher projections. Overall, given some minor signs of stalling out in the last week, minor weakness can’t be ruled out to retest March lows near $2.63 into April, but it’s thought that this would represent a technical pricing opportunity, setting up for an appealing longer-term risk/reward to enter longs. GROWTH DRIVERS The core growth driver for Sandbox is the quantity and quality of on-platform gaming experiences. Leveraging a decentralized model, Sandbox hopes to incentivize developers to independently create compelling games that attract players and keep them in their ecosystem. According to Sandbox’s roadmap, they expect to have over 1,000 games available on the platform sometime this year and 5,000 by 2023. Progress towards these goals will be important to watch. To attract additional users onto its platform, Sandbox also plans to host virtual concerts for prominent musical artists. ~ Fundstrat 3/31/2022
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