22 Feb 2022 by Same

SandBox Review
Solution: Business model The SandBox is based on the fact that all items and worlds are immediately converted to NFT when created. It is this process that allows you to assign ownership to a specific user who created his object/world, unlike other similar games, where everything that is created inside them belongs exclusively to the creators. The main assets in the game are the digital land (LAND) and the digital items of the players, with the help of which the game worlds are filled. LAND is divided into sections, each of which is a separate NFT - token based on the blockchain Ethereum. LAND in the game is a limited resource, and there are 166,464 lots in total in the SandBox (additional lots will not be created). After buying LAND player receives full ownership and control over their land, including the right to own all objects located on this land. The possibilities of use are also different: you can create your own game with unique mechanics and assets, or you can rent LAND to other users so that they can realize their ideas there. In turn, NFT items created by users, as already mentioned, can be sold to other players for cryptocurrency. However, there is a 5% fee on every SAND transaction. To summarize briefly: the SandBox business model is based on the sale of digital land, which, as its popularity grows, grows in price and receives commissions from in-game transactions [2,3]. So, for example, LAND prices range from 3.5 ETH for the smallest plot, up to 88,888,888 ETH for a piece of land owned by platform partner Atari [4]. In addition, at the moment, more than half of the sites belong to other partners, including Adidas Corporation, rap artist SnoopDogg, CareBears animated series, blockchain game CryptoKitties and others. Thus, we can safely say that the project has great prospects, which is facilitated by the high popularity of NFT technology and well-known partners.

Since the platform is owned by another company - BACASABLE Global Ltd - registered in Hong Kong, I could not find financial statements in the public domain to find out the exact profit figures, however, according to information from news sources, one can judge the high income of the site , for example, in December 2021, a plot of land next to the rapper Snoop Dogg was sold for 71,000 SAND , which was equivalent to $450,000 at the time of the deal. On the other hand, after analyzing the OpenSea market , where plots for sale are located, it can be seen that the average price level is in the range from 100 to 1000 ETH per plot, however, there is land for 10,000 ETH . Thus, one can assume potential profits of hundreds of thousands or even millions of dollars per month, which sets Solution's rating at b.

Validity: so, as already mentioned, SandBox belongs to the Hong Kong company BACASABLE Global Limited, this can be understood from the user agreement posted on the official website of the game, since the legal relationship is established between the user and BACASABLE [5]. Also, on the Privacy Policy page, the exact address of the company's registration is indicated: Unit 418, Level 4, Cyberport 1, 100 CyberportRoad, HongKong. In addition, from the name itself it is clear that the company is a limited liability company. Thus, based on the above data, we can conclude that the company that owns SandBox is an officially registered legal entity, which is confirmed by the presence of the necessary documents regulating relations with users (players), therefore, the Validity rating is b

Equity: as we can see, the SandBox game is one of the most popular projects launched in 2021, so in this review block I propose to briefly get acquainted with its financial component . Above was the information that we do not have a complete financial report of the parent company at our disposal, however, it should be mentioned about the investments provided for the development of the platform and its own cryptocurrency - SAND. Let's start with investments. According to open sources, BACASABLE has raised $ 93 million from Japanese conglomerate SoftBank in a Series B investment round. It is important to note that SoftBank is the third largest cellular operator in Japan, and also owns such US corporations as ARM Holdings (one of the world's largest developers of processors on its own architecture) and Boston Dynamics (an engineering company that develops robotics). In general, SoftBank is one of the world's largest investors in the IT business. Additionally, the fact that the previous investor and owner of SandBox, Animoca Brands (a well-known Hong Kong company engaged in the development of games and applications), raised a total of more than $ 140 million for the development of the game. In number of investors entered such firms how Coinbase Ventures, Samsung Venture Investment Corporation, Korea Investment Partners and others.
Now let's touch on cryptocurrencies and briefly describe SAND, an ERC-20 format utility token that is used in transactions and interactions within the ecosystem. In fact, SAND is the main currency of the game, because with it players buy assets and land, or they can access paid game worlds of other users. So, let's turn to the CoinMarketCap portal and more detailed figures. As of end February 2022 NFT SAND has a market capitalization of $3.36 billion and a market capitalization at full issuance of $9.26 billion. At the time of writing, the tokens are trading at a price of $3, and the daily trading volume has reached $1.2 billion [6]. Thus, SandBox has large investors and a strong cryptocurrency , which means that the Equity rating will be a.

Team: on the SandBox website 28 people are represented in the team section. The main ones are: Arthur Madrid – CEO (economist, before game development was a consultant at Eurogroup consulting France, also board member of Animoca Brands and CEO Pixowl, who develops the game), Sebastien Borget - COO (telecom specialist, worked at Activision and Universal before becoming project manager at Pixoel Music, currently also President of Blockchain Game Alliance), Marcelo Santurio – CFO (since 2015 regional director of The stars Group, a Canadian gambling company, was also head of Party Poker LIVE, one of the largest poker rooms in the world, in Latin America), Lucas Shrewsbury - CTO (before SandBox, he worked at Gameloft for 10 years, went from a programmer to a technical manager). In addition to them, the team also includes heads of marketing and design departments, several leading web developers and game designers, front-end and server developers, and community managers. All participants can be found directly on the main Internet resource Sandbox. It is also important to note the fact that all the main persons of the project have accounts on LinkedIn and Twitter. And the official SandBox Twitter page has over 845,000 followers. As result, rating Team - a.

Rating: b / b / a / a

References:
1. Sandbox: Main Page https://www.sandbox.game/en/
2. The Sandbox: a blockchain game where you can earn on virtual assets
https://media.sigen.pro/reviews/6076
3. Sandbox (SAND) Overview: Create NFT, Build Blocks, Plow Land
https://clck.ru/bn7TP
4. OpenSea: The SandBox https://opensea.io/assets/sandbox
5. SandBox: Terms of Use https://www.sandbox.game/en/terms-of-use/
6. CoinMarketCap: The SandBox https://clck.ru/bn7Vm
7. A plot of land next to Snoop Dogg in The Sandbox project sold for $450,000
https://clck.ru/bn7Ug
8. SandBox: Privacy Policy https://www.sandbox.game/en/privacypolicy/
9. KANDO: BACASABLE Global Ltd https://clck.ru/bn7VB
10. Wikipedia: SoftBank https://en.wikipedia.org/wiki/SoftBank_Group
11. Twitter: The Sandbox https://twitter.com/TheSandboxGame