Welcome to the SANDBOX AMA with The Gem Hunters.
We would like to thank the Sandbox team for kindly coming to share information on their brand new project with our community.
Q1. Could you please introduce yourself to our community and give a short pitch on The Sandbox, to kick things off.
Hello, I am Sébastien Borget, COO, co-founder of The Sandbox, which is a decentralized gaming platform (http://sandbox.game) I am also the prezident of the Blockchain Game Alliance; which regroups more than 150 companies working for the adoption of blockchain technology in gaming.
Here's a Teaser about The Sandbox:
The Sandbox virtual world lets you PLAY. CREATE. OWN. GOVERN. EARN. Welcome to the Metaverse! $SAND tokens; which we will be talking about; are now live trading on Binance
The Sandbox virtual world lets you take part into
- NFTs: own & sell your game creations
- Staking & Governance: Rewards
- DeFi & Play2earn
And we're happy to invite you to our Telegram to ask any questions in case we don't have time today to answer yours
Q2. So how does The Sandbox game platform function? Can users that are interested in the platform already play?
Alright, let’s start with the basics :) At its core, The Sandbox is an ecosystem for Players and Creators, consisting of three main components: a Voxel Editor (named “VoxEdit”), a Marketplace, and the Game itself.
The 3 main components are:
- First VOXEDIT: it is a 3D modeling and animating package that allows users to create and animate 3D objects such as people, animals, foliage, and tools.
- Then the MARKETPLACE: it allows users to upload, publish, and sell their ASSETS made in VoxEdit, as Non-Fungible Tokens (Both ERC-721 and ERC-1155 tokens).
- And finally the GAME MAKER: it allows players to build 3D games for free. With the help of pre-assigned behaviors and visual settings, no coding knowledge is required.
We will be opening the public beta of the game in December 2020. Right now, we have the VoxEdit; the Marketplace and the Game Maker in Alpha. Players will be able to pre-register, create their avatar and customize it. The first experience is for players to socialize, talk, walk and interact with each other. Players can collect tokens and resources and trade them with other players, creators, artists etc on the platform.
This business model is called play-to-earn, as anything they collect in the game is truly owned by players, they can trade it to other players (inside the marketplace or outside on other websites), transfer it to other players or even resell it through our currency $SAND.
Here's one more video - I will share a couple links over this AMA:
Q3. On that note you have probably answered this question a thousand times, but what is the difference between Minecraft and Sandbox?
Great question! Both Minecraft and Roblox have over 100M creators; but in both games; anything you create is actually not yours. In the current game market, the centralized ownership and control of user-generated content limits creator rights and ownership. Players and Creators cannot trade the virtual goods and digital assets they purchased or won in games. With The Sandbox, we aim to overcome these limitations by building a decentralized gaming platform where creators are able to craft, play, share, collect, and trade without central control, enjoying secure ownership with the ability to earn cryptocurrency (SAND). This ownership will be established and guaranteed through the use of NFTs, where every in-game item will have a unique and immutable blockchain identifier.
We do believe millions of players are interested in exploring the benefits of decentralization, interoperability, and the creator's ecosystem. With NFTs and a native token to the platform, $SAND
I'm sure you will like this video as well
Q4. Can you give us some information on what you and The Sandbox team have already achieved to date and could you give us an insight into what is coming up in regards to the upcoming roadmap of the Sandbox platform?
Our team has a strong track record of previous achievements 💪
- we have been for 8 years already in the video game industry!
The Sandbox project has been around since 2012 on mobile platforms and has gathered more than 40 million global installs on mobile.
- We’ve been working since July 2018 (2 years ago) on the new version of the game, 3D, multiplayer, multiplatform and using blockchain technology to offer a virtual world built on the Ethereum blockchain, where players can build, own, and monetize their gaming experiences.
- We’ve raised $4.5M USD from reputable investors on our Seed Round, including from Hashed (#1 cryptofund in Korea, True Global Ventures and Square Enix the video game company)
- We’ve sold for more than $1,250,000 worth of LANDS (ERC-721 NFTs) over 4 presales, some of them finishing within minutes to a few hours with high demand. The last Presale 4 Round 1 introduced premium lands and assets and sold out 75% in 1 hour for reference on August 4th.
The next LAND presale will be announced very soon!
- We‘ve launched in October 2019 a $2,000,000 usd Game Makers Fund. This Fund will soon be in $SAND and managed by the Foundation, which supports the ecosystem of The Sandbox, offering grants to incentivize high quality content and game production on the platform. As of today the Foundation has funded over 15 game projects and granted 100 artists to produce NFTs.
- We have a large community of over 750,000 members over Discord, Telegram, Twitter, Facebook and YouTube. And 50 ambassadors actively engaged in supporting our community and promoting our vision -- that is really exciting!
- VoxEdit, launched in December 2018 has been downloaded more than 100,000.
- Hundreds of artists use it to produce thousands of assets published on our marketplace.
- We have secured over 50 partnerships with award-winning game companies such as Atari, top decentralized games such as Crypto Kitties, major brands such as Shaun the Sheep to build a fun, creative “play-to-earn” Gaming platform, owned and made by players.
And we have been the most recent IEO on Binance; with records of number of participants.
Check out this video! https://www.youtube.com/watch?v=OCy0C-fZEkU
Q5. So whilst were on this subject, can we please talk about some of your partnerships, could you please give us some details on some of your current partnerships and how exactly you plan to collaborate going forward?
To date, The Sandbox team has secured over 50 partnerships from major brands such as Atari and Shaun the Sheep and award-winning mobile game studios. Partnerships include top decentralized games such as MyCryptoHeroes, Axie Infinity, and industry partners such as Matic, MakerDao, Klaytn, OpenSea, Bitski, Dapp.com, and DappRadar.
Some of these partners will recreate games from their renowned IPs such as ATARI with their games Roller Coaster Tycoon, Asteroids and Pong that will populate several ESTATEs across the metaverse they will also create a theme-park like universe based on a variety of their game titles.
Shaun the Sheep with a new version of their Mossy Bottom Farm as well faithful renditions of the Cryptokitties identity. Others will create unique ecosystem that our communities could bond over like Sandbox Networks the second largest MCN company in Korea, racing games (Battle Racers, Axie Infinity), or simply work towards improving decentralized exchanges together (MakerDAO, Metamask, Matic, OpenSea, DMarket, Opera, Gitcoin or Status) Last but not least we can also count on partners like Square Enix (with their valuable portfolio of IP, including: FINAL FANTASY®, DRAGON QUEST®, TOMB RAIDER® and many others) that participated in an investment round into The Sandbox last year. We will soon announce new major IPs partnerships and brands, including Entertainment (think Hollywood movies) and Gaming Studios!
Q6. The $SAND token is the underlying token of the Sandbox platform. What is it used for on the Sandbox platform?
$SAND is a fungible (ERC-20) utility token that serves as the basis for all transactions within The Sandbox, plus governance and staking as mentioned right before. $SAND will enable players to create, play, own, govern, trade and earn within The Sandbox virtual world gaming platform$SAND will enable players to create, play, own, govern, trade and earn within The Sandbox virtual world gaming platform. We are working on establishing key mechanics that makes it intrinsically tied to the platform and its value.
It will serve for/as
1/ Medium of exchange: Players can potentially collect SAND through gameplay, and subsequently spend $SAND to play games, purchase equipment, or customize Avatar characters. Creators can spend SAND to acquire ASSETS and LAND. Artists can spend SAND to upload ASSETS to the Marketplace and buy GEMs for defining item rarity.
2/ Governance: $SAND allows holders to participate in governance decisions. SAND owners can vote themselves or delegate voting rights to other players of their choice.
3/ Staking: Users can stake $SAND tokens to earn rewards, as well as GEMs and CATALYSTs for ASSETS creation.
Q7. Regarding the DAO implementation in Sandbox, could you give us an example of what the players could vote on and how the process of voting would look like?
The Sandbox endeavors to build an ecosystem where interests are aligned between all the users—players, creators, land owners, curators, $SAND investors, etc.—who contribute to it.
There are some aspects of DeFi in The Sandbox. The tokens collected by the players are ERC-20 and can be exchanged as valuable resources between the different type of users (hence a circular economy). We hope to create liquidity pools and DEX like Uniswap for these ERC-20 resources, like GEMS and Catalysts for example.
You can earn $SAND by:
- Selling ASSETS: Users can create and sell ASSETS as NFTs on the marketplace
- Owning a LAND: Buy a LAND in one of the LAND sales. Players can then either rent them or populate them with content to increase the LAND's value.
- Building Games on the Game Maker: Creators can build and monetize games using the Game Maker on the LANDs that are owned by players.
- Playing and participating in the game: In the Game, not only can creators profit from their creations, players can play-to-earn by collecting resources, rewards, and tokens.
Governance is also an important aspect of our decentralised platform. We want to reach the objective that within the next 5 years; 100% of the $SAND tokens will be in the hands of the community and players and we will only be developing services for the platform, but the governance and decision will be made by token holders. $SAND is a governance token that allows holders to participate in Governance decisions of the platform, using a DAO structure. They can exercise voting rights on key elements such as Foundation grant attributions to content and game creators and feature prioritisation on the platform Roadmap. SAND owners can vote themselves or delegate voting rights to other players of their choice.
In October 2019, we launched a $2M Creator Fund to help players build, share and monetize amazing games on The Sandbox gaming platform.
This Game Makers Fund will be supervised by the Foundation’s DAO, whose role is to support the ecosystem of The Sandbox, managing the offering grants to incentivise high quality content & games production on The Sandbox gaming platform. As of today, the Foundation has funded over 15 game projects and granted 100 artists to produce NFTs.
We expect that the overall valuation of the metaverse will be growing through the valuation of all games funded by the Foundation, creating a virtuous circle that enables funding bigger games.
As bigger and higher quality games are produced and published on the platform, more players will come and participate within the economy of The Sandbox Ecosystem.
Q8. Most of us have probably already heard of the term pay-to-win, but your slogan for Sandbox is play-to-earn. What exactly does that mean? How can I monetize my time and activities as a player in Sandbox?
Great question! This is a very exciting new business model for video games. The play-to-earn in The Sandbox is supported by a blockchain-powered circular economy.
At its core is an idea that everything and everybody involved in the community of The Sandbox is being rewarded for their participation. The Sandbox endeavors to build an ecosystem where interests are aligned between all the users—players, creators, land owners, curators, $SAND investors, etc.—who contribute to it. But also we don't forget that the key factor to not forget to make the game accessible and attractive to mainstream users is to make a fun and engaging game that people want to play. This is totally independent from the technology and blockchain.
Once we have a game players want to play, we are working on making onboarding to the crypto as accessible as possible to mainstream users. The Sandbox endeavors to build an ecosystem where interests are aligned between all the users—players, creators, land owners, curators, $SAND investors, etc.—who contribute to it.
Q9. Lastly what is your plan to achieve full decentralization and main-stream adoption?
$SAND adoption will be fostered differently according to the different stages of the project with different techniques for early adopters and loyal players. Governance will progressively remove the Control from our Company towards the community based on token holding. We will move from a centralized model to a decentralized model progressively from Year 1 in various aspects.
The Community of $SAND holders will be able to participate to Governance decisions of the platform, using a DAO structure, where they can exercise voting rights on key elements. $SAND owners will be allowed to vote themselves or delegate their voting rights to other players of their choice and it is an important point on governance. In Year 1 (2021), we plan to achieve a significant growth during the 1st year post game launch bringing artists & players into the platform, with no awareness of tokens.
We will supply an initial high-level of issuance to early adopters, key partnerships with gaming companies and renowned brands through the Creators Fund and through staking rewards to token holders. In Years 2 and 3, we will continue with high-level of issuance to active players and creators through the Creators Fund, we plan to convert free to play players into active ones. Then after Years 4 and beyond, we will retain loyal and players and increase the decentralization of $SAND circulation until the Company holds 0% of $SAND in reserve and 100% of the SAND is in the hands of the players.
Now let's talk about main-stream adoption
The Sandbox is a pioneer in the space of blockchain gaming, NFTs and true digital ownership, and we are thrilled to have Atari, Square Enix and more major IPs to be announced soon, who will collaborate and publish games on our platform.
Our current community growth strategies of The Sandbox include:
- Partnering with content companies to onboard well-known IPs.
- Conducting LAND token sales to promote the generation of user-created content.
- Conducting AMAs to educate the community.
- Constantly engaging with the public on social media channels.
Through the brands and their fans, we can reach mainstream gamers and creators through their favorite brands.
Bring leading gaming Brands & IPs and leverage on those key brands building great experiences as well as trust.
TGH would like to thank The Sandbox team and Sebastien inparticular for attending this AMA and providing such indepth information on the project! For more information we have provided some links below: