Buy Sandbox Land - A Simple Guide
Eager to join the Metaverse and want to buy Sandbox land? Here's how.
With virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) becoming integral parts of our lives, individuals and organizations want to be a part of this growing sector. Increased interest in having a presence in the Metaverse led to Facebook rebranding itself as Meta Platforms Inc. In March 2022, banking and financial services company HSBC entered the Metaverse through The Sandbox, intending to offer educational financial games to its customers.
While the market size of this booming sector is forecast to be worth $825 billion by 2030, how can you buy land from The Sandbox so that you can contribute to the development of this growing industry?
Buy Sandbox land: What is The Sandbox?
It is an integral part of Metaverse gaming, allowing users to create, distribute, and monetize their in-world goods and gaming experiences. Despite its popularity, The Sandbox does not reside in an independent blockchain. Instead, it is housed on Ethereum.
Engaging with The Sandbox involves experiences such as Play-to-Earn (P2E) and Free-to-Play (F2P). Opportunities on the platform are not limited to just gamers. Creators and landowners also have an equal chance of making passive income from The Sandbox Metaverse.
Many colours can be found on The Sandbox. Each represents the state of LANDs on the platform. GREEN is a symbol of ESTATEs and LANDs that belong to other people. RED represents ESTATEs and LANDs owned by you. YELLOW shows premium LANDs that can be purchased due to their availability. GRAY indicates ESTATEs and LANDs that are available on the market and can be purchased.
PURPLE denotes ESTATEs and LANDs that you and others have booked. Should you come across BLUE, you should know that it represents ESTATEs and LANDs that have been reserved for Game Maker Fund recipients and partners of The Sandbox.
Now that you know the main tenets of the platform, let us investigate how you can buy land on The Sandbox.
Buy Sandbox land
To buy virtual properties, you must go through the following steps.
(1) Create an account on The Sandbox
You cannot buy a piece of virtual real estate if you are not a platform member. You can sign up directly by connecting your wallet. While many wallets support SAND tokens, such as Ledger, imToken, Coinbase Wallet, TokenPocket, iToken Wallet, Coinomi Wallet, Freewallet, TrustWallet, ABC Wallet, Ambire Wallet, SafePal, and Math Wallet, The Sandbox recommends the use of MetaMask.
Aside from directly signing up with a crypto wallet, you can also create an account using your Google Mail or Facebook details.
You have to FUND your crypto wallet with SAND, the novel token of this Metaverse application. Since the platform is housed on Ethereum, its native asset in the form of Ether (ETH) acts as the base currency that oversees all transactions on the current Proof-of-Stake (PoS) blockchain. Therefore, you need to fund your wallet with ETH as well. With SAND and ETH in your wallet, you can navigate to finding LAND on the menu.
(2) LAND selection
Search for the "LAND/MAP" option on your screen. Before you find this, note that there are two main types of LAND in The Sandbox. They are PREMIUM and REGULAR LANDs. Regular Lands can be likened to residential areas where lands are occupied by houses.
Premium Lands can be compared to the commercial areas of cities where social hubs and the major partners of The Sandbox can be found. Such areas come with relatively higher traffic than regular lands. Premium lands are denoted by YELLOW, while Regular lands are shown in GRAY.
(3) Buy virtual land
Select the LAND you want to buy. With your crypto wallet containing SAND and ETH, you can buy a virtual land by following the notification messages on your wallet.
Buy land through OpenSea
As the largest NFT marketplace by volume, you may prefer buying LAND from OpenSea. With this, you can click on The Sandbox and scroll down until you find BECOME A LAND OWNER.
Click on BUY LAND and it will redirect you to OpenSea.
There are 1,253 Sandbox-related items on the biggest NFT marketplace. Click on the LAND you want to buy, connect your crypto wallet to OpenSea, and make the purchase.
Since LAND is priced in ETH, you will need to fund that wallet with the primary cryptocurrency of Ethereum.
In any investment, you should always weigh the pros against the cons. If the potential rewards from buying LAND from the Sandbox Metaverse outpace the risks, you can invest in the virtual land.
As of 16 January, 2023, total sales stand at more than $370 million by more than 30,000 buyers involved in over 69,000 transactions.
Author: Raphael Minter
Raphael Minter/ Albert Zuhnden (preferred pen name) is a crypto finance writer, data miner, and fundamental analyst. Raphael has written hundreds of articles about centralized and decentralized financial instruments such as precious metals, commodities, stocks, and cryptocurrencies. He broke into digital finance in 2016 and believes digital assets and blockchain technology is the future of finance.