The Sandbox has three native tokens: SAND tokens, LAND tokens, and ASSET tokens.
SAND tokens, or $SAND, is an ERC-20 token built on the Ethereum blockchain. It’s the currency and the primary utility token of the Sandbox’s ecosystem. Therefore, $SAND is used to facilitate any transactions that are part of the gameplay, such as purchasing LAND from The Sandbox’s marketplace, interacting with user-generated content. In addition, $SAND is also required for users to participate in the governance of the metaverse. This means that owning $SAND gives users voting rights to improve the platform.
LAND tokens are digital plots of land where users can create digital experiences, such as games or art galleries. Each LAND token is a non-fungible ERC-721.
ASSET tokens are NFTs that represent in-game items, such as equipment and wearables. Users can trade them in The Sandbox’s marketplace.