Animoca Brands Corporation Ltd and its subsidiary The Sandbox, a leading decentralised virtual world, have listed SAND on Coinbase, the largest cryptocurrency exchange in the United States by trading volume.
SAND, the utility token and in-game currency of The Sandbox, continues to expand its global footprint with this listing.
Coinbase was established in 2012 and is used by about 98 million verified users, 13,000 institutions, and 230,000 ecosystem partners in over 100 countries.
Token for a metaverse game world
SAND is an ERC20 token issued on Ethereum and distributed in The Sandbox metaverse game world.
The Sandbox is built on the Ethereum blockchain, and users can use SAND to participate in the game and purchase and create items.
SAND will also serve as a governance token for future participation in the game operations of The Sandbox.
Fuelling the growth of virtual real estate
The Sandbox, a subsidiary of Animoca Brands, is one of the decentralised virtual worlds fuelling the recent growth of virtual real estate demand, having partnered with major IPs and brands including Warner Music Group and Ubisoft.
Building on the existing The Sandbox IP that has more than 40 million global installs on mobile, The Sandbox metaverse offers players and creators a decentralised and intuitive platform to create 3D worlds and game experiences and to store, trade, and monetise their creations.
The Sandbox has more than 300 employees and offices in Hong Kong, Korea, Malta, France, UK, US, Argentina, and Uruguay.
