The Sandbox
Crypto Overview
Overview
The Sandbox is a decentralized virtual gaming world built on the Ethereum blockchain where players can build, own, and monetize their gaming experiences using the SAND utility token. The platform enables users to create and trade virtual assets as NFTs, purchase virtual land, and participate in the game's ecosystem governance.
Intended Utility
The SAND token serves multiple purposes within the ecosystem: It's used for transactions within the platform, staking for governance participation, earning rewards through platform engagement, and as the primary currency for purchasing LAND and other virtual assets.
Actual Utility Assessment
The platform has demonstrated significant real-world adoption through partnerships with major brands including Warner Music Group, Ubisoft, and Gucci. On-chain data shows active trading of virtual land and assets, with genuine utility in the gaming ecosystem. The development team maintains regular updates and improvements to the platform.
Token Distribution and Governance
Initial token distribution allocated 25.82% to the company reserve, 17.18% to the team and advisors, and 57% to the ecosystem and community. Team tokens have a 3-year vesting period with monthly unlocks, showing commitment to long-term development. The project demonstrates transparent governance mechanisms and clear documentation of token utility.
Revenue Model Analysis
The platform generates revenue through legitimate means including virtual land sales, marketplace fees, and creator fees. These revenue streams involve actual value exchange and asset ownership, avoiding interest-based mechanisms.
Crypto Impact
To assign a comfort level investing in The Sandbox from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to The Sandbox.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.