Sandbox Web3 P2E Metaverse HSBC Partnership March 2022 | Animoca Brands SAND Nft LAND VoxEdit Game Maker Explained

Metaverse Expansion

Metaverse is making massive waves in the tech world, and it is also revolutionizing the Video Gaming Industry. There is a lot of buzz about Metaverse and Web3 among video game developers.

Hence, we witness a growing interest, especially in the emerging crypto gaming and other metaverse projects shaping the very nature of how people will interact with web3, digital real estate, and the NFT marketplaces.

The Metaverse blurred the line between the physical and digital worlds through virtual and augmented reality, bridging the gap and allowing the two worlds to interact. 

In this web3 virtual reality world, a digital character-driven universe, users can connect, engage in games, or even experience activities similar to real life.

The Metaverse is the hottest thing in the crypto sphere right now, which is why it is worth keeping an eye out on the projects that are already gaining traction, and Sandbox is undoubtedly one of them.

Sandbox

The Sandbox is a division of world-renowned Animoca Brands, a Hong Kong-based leader in digital entertainment, blockchain, and gamification. It is one of the decentralized metaverses that has been accelerating the recent growth of the virtual real estate market.

With over 40 million mobile installs worldwide, Sandbox Metaverse is expanding on the successful IP. This platform has been designed to provide a safe place for creators and players to store, trade, and monetize their works. 

Built on Ethereum

Sandbox, a P2E (Play To Earn) game, utilizes Ethereum’s blockchain, allowing users to create virtual worlds using NFTs (non-fungible tokens) and earn rewards. 

The Sandbox’s Metaverse allows players to design their avatars, interact with other users, play games, explore new worlds, and trade various in-game goods. 

The Competitors

The Sandbox raised over $93 million in funding led by Softbank Vision 2 Fund at the end of 2021 and formed partnerships with over 50 different brands.

The Sandbox P2E rolled out and has become a top game of the web3 metaverse crypto gaming community, on par with Decentraland and Axie Infinity.

Additional investors in the round included Animoca Brands, Galaxy Interactive, True Global Ventures, SCB 10X, Polygon Studios, Samsung Next, and others.

The Sandbox Tools

Utilizing both 3D toolsVoxEdit and Game Maker, The Sandbox enables users to showcase their creative side and create their own unique characters, virtual items, and other in-game assets.

Users don’t have to own a virtual land to earn income from the Sandbox P2E since they can make the products other players want and trade them on Sandbox’s NFT marketplace.

VoxEdit is what?

Often hailed as one of the most user-friendly versions of BlenderVoxEdit is another 3D software that helps artists and gamers to assemble and animate their 3D in-game items. 

VoxEdit also uses square 3D pixels, and making 3D items with it is user-friendly for new artists and players.

Because of the VoxEdit 3D tool, the Sandbox marketplace is stocked with tons of assets gamers can use to enhance their in-game experience. For example, weapons, clothes, animals, tools, greenery, homes, interior design products, and other items that a player needs while playing the game.

Reselling the Items

Furthermore, Sandbox’s official marketplace and OpenSea enable users to sell the assets they have created or purchased and are being used, often at high prices.

Game Maker Explained

What if it was possible to create games without learning tedious programming or other technical complexities? 

A solution to this problem is offered by using Game Maker since it empowers users to produce and test various 3D games established on the Sandbox’s Metaverse. 

The player can also design and configure different aspects of the game, such as the environment, elements, and objects.

There is also a cause why the real estate of The Sandbox is so popular because users can build unique 3D games on their land and invite others to play or purchase them, thus generating revenue.

Sandbox native token $SAND

The Sandbox’s native token is $SAND with a total supply of 3 billion.

With SAND, users can do multiple tasks on The Sandbox, such as purchasing the items below:

  • LAND: In The Sandbox, users can purchase virtual real estate, referred to as LAND. The Sandbox has 166,464 LAND. Even though users can still buy LAND on OpenSea using Ethereum, most prefer to use SAND.
  • ASSETS: In-game assets created using VoxEdit and Game Maker. These are essentially the NFTs users make on Sandbox’s marketplace available for purchase or trading.
  • Staking: By staking SAND tokens, users can earn additional profits. Occasionally, The Sandbox rewards its users with rare assets.
  • Governance Token or The Sandbox DAO: SAND holders can vote and propose specific changes through The Sandbox DAO, a Decentralized Autonomous Organization.

Sandbox’s Marketplace

When The Sandbox quickly became a huge hit, developers realized they needed their own marketplace rather than relying on others. Consequently, The Sandbox launched its marketplace in 2021 for users to trade their in-game assets.

Although The Sandbox’s own marketplace is popular, you can still find ASSETS on other NFT marketplaces. The most common trading platform is OpenSea, through which most of LAND’s transactions are conducted.

This is partly due to the presence of more investors on OpenSea than on The Sandbox Marketplace, along with Ethereum being more commonly used than SAND.

Where to buy SAND?

$SAND is available on some leading cryptocurrency exchanges, such as Binance, Kucoin, Gate.io, Kraken, Uniswap V2, Liquid, Crypto.com., and others. To buy $SAND, users will need to have an account with either of these exchanges.

HSBC & The Sandbox

A new partnership has been announced between The Sandbox and HSBC, one of the world’s largest banking and financial services companies. 

In The Sandbox metaverse, this partnership will enable virtual communities worldwide to interact with global financial services providers and esports communities.

The Sandbox and HSBC announced their groundbreaking partnership, which will see the global financial services provider acquire a plot of LAND in The Sandbox metaverse, which will be used to engage and connect with sports, esports, and gaming enthusiasts.

Web3 Metaverse Growth

As consumers adopt more robust experiences in the Metaverse through gamified and decentralized offerings, the agreement opens the door for other global institutions to continue innovating in Web3.

Many of the Metaverse virtual worlds use blockchain technology to provide immersive and interactive experiences to users. 

The global Metaverse Market is evaluated to grow from $45.4bn in 2019 to a staggering $1.5tn in 2030 (source: PwC | Seeing is Believing).

Suresh Balaji, Chief Marketing Officer, Asia-Pacific, HSBC, said:

“The Metaverse is how people will experience Web3, the next generation of the Internet — using immersive technologies like augmented reality, virtual reality, and extended reality.

At HSBC, we see great potential to create new experiences through emerging platforms, opening up a world of opportunity for our current and future customers and for the communities we serve. Through our partnership with The Sandbox, we are making our foray into the Metaverse, allowing us to create innovative brand experiences for new and existing customers. We’re excited to be working with our sports partners, brand ambassadors, and Animoca Brands to co-create experiences that are educational, inclusive, and accessible.”

Sebastien Borget, COO and Co-founder of The Sandbox, said:

“We’re pleased to see large, trusted institutions such as HSBC join The Sandbox open metaverse and embrace the culture of Web3, connecting with users through entertainment, gaming, and user-generated content.

We believe this is the beginning of a broader adoption of Web3 and the Metaverse by institutions driving brand experiences and engagement within this new ecosystem.”

As the Metaverse’s leading decentralized gaming virtual world, The Sandbox fully embraces the idea of the Metaverse as a continuous shared digital space where worlds and brands collide to make magic and create real utility and economy. 

HSBC joins over 200 existing partnerships including Gucci, Warner Music Group, Ubisoft, The Walking Dead, Snoop Dogg, Adidas, Deadmau5, Steve Aoki, Richie Hawtin, The Smurfs, Care Bears, Atari, ZEPETO, and CryptoKitties, all following The Sandbox’s vision of empowering players to create their own experiences using both original and well-known characters and worlds.

About HSBC 

HSBC (Hong Kong and Shanghai Banking Corporation Limited) is a founding member of the HSBC Group. With offices in 64 countries, HSBC caters to customers worldwide, including Europe, Asia, North America, Latin America, the Middle East, and North Africa. HSBC has assets of US$2,958 billion on 31 December 2021, making it one of the largest banking and financial services organizations in the world.

Bloktopia NewsDisclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.

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