Coinbase Now Lists The Sandbox (SAND) Token

  • Animoca Brands and The Sandbox game announced the listing of SAND on Coinbase.
  • SAND is the utility token and in-game currency of the metaverse game The Sandbox.
  • At the time of writing, SAND is changing hands at $1.31.

Software and venture capital company Animoca Brands announced via its official Twitter account the listing of SAND on Coinbase, the largest crypto exchange in the United States by trading volume.

SAND is the utility token and in-game currency of the popular metaverse game world The Sandbox. Users can purchase and create items using SAND to participate in the game. It also serves as a governance token for succeeding engagements in the operations of The Sandbox game.

The Sandbox, a subsidiary of Animoca Brands, is a leading decentralized virtual world built on the Ethereum blockchain. The game is one of the pillars in which the recent demand for virtual real estate has grown. 

Partnering with major IPs and brands, The Sandbox has more than 40 million global downloads on mobile. The Sandbox metaverse provides its players and creators a platform to create mesmerizing 3D worlds and game experiences, in which they could securely store, trade, and generate revenue for their creations.

With SAND’s recent listing on Coinbase, it was granted an opportunity to be reached by more than 98 million traders, 13,000 institutions, and 230,000 ecosystem partners in over 100 countries.

SAND plans to maintain its footprint expansion throughout global exchanges. According to Coinbase, the price of SAND is at $1.31 at the time of writing. This price has been up 5.25% over the last seven days. The price of SAND has been up for 290.14% over the past year and has a market cap of around $1.6 billion.

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Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.