Purchasing land in the Sandbox is a significant step for many investors. It is a great way to multiply your money. Land is a digital real estate in the Sandbox’s Metaverse. Each is a one-of-a-kind, non-fungible ERC-721 token on the Ethereum blockchain. In today’s article, we’ll go over how to get started buying land in the Sandbox. This is a comprehensive guide to buying virtual land in the Sandbox Metaverse. Land has been blowing up recently, and there is still a lot of upside.

This is the article for you if you have any queries about buying and selling land in that Metaverse.

Buying Land in sandbox - complete guide

What is Sandbox LAND?

Sandbox is a metaverse centric platform that is community led. The program can be used by creators and gamers to monetize assets as well as the gaming interface. In the Sandbox metaverse ecosystem, there is a map made up of 166,464 LANDS. This LAND is nothing but an NFT collection.

Holding LAND gives its users a plethora of options and powers to enjoy and make the most of. Often Game designers could use the platform to develop and provide games or dioramas along with integrating it with Assets. Several LANDs can in fact be incorporated together to form an ESTATE.

A special type of ESTATE owned by more than one person is called a DISTRICT. The two kinds of LAND that users can purchase are classified as regular and premium LANDs.

What is the purpose of buying a piece of land in a Sandbox?

Sandbox is a decentralised community-driven gaming, visual art, and game design environment on the Ethereum blockchain where makers and designers can create and commercialise their NFTs, art experiences, and gaming observations.

The primary objective of Land areas is to enable game developers and designers to disclose experiences on them that can be played and monetized by gamers.

The other use cases as published by Sandbox in their official documentations include

  • Hosting Experiences
  • The Experiences of Visiting & Playing
  • Hosting Contests, Events & Giveaways
  • Renting out your own LANDs
  • Collaborating with other users and creators to develop a unique experience
    Earning a passive income through Staking LAND multipliers
  • Allows farming GEMs
  • Earning Holder Rewards
  • Some Giveranance powers
  • Bragging Rights

We have covered the details of some of these utilities ahead in the article.

Where do Public LAND sales happen?

Before November 2022, Sandbox held LAND sales on the Ethereum Blockchain. However, with the growing concerns in the society regarding the environmental impact of blockchain technology and the dire need for companies to go carbon-neutral, Sandbox took a major initiative.

In order to reduce their carbon footprint they have now moved the LAND sales to the Polygon Network. This has not just made efforts into making the project more environmentally friendly but has also made it more accessible.

Buying Land from Sandbox (in 2023)

Initially, you may find Buying LAND a little complicated. However, looking at the several advantages it is worth giving it a shot. Hence here is our step by step guide that can ease out the buying process for you.

LANDs can be purchased from The Sandbox when public LAND sales occur. These sales are often announced way before hand in the official communities of Sandbox.

Creating a registered account is the first thing that you have to do in order to purchase LAND. Let’s see how can you d that

Step 1: To create an account on the Sndbox platform, you need to have a crypto wallet set up. The wallets that can be used are

  • MetaMask (Web 3 registration mechanism)
  • Coinbase (Web 3 registration mechanism)
  • Bitski (Email registration mechanism)
  • Venly (Social media registration mechanism)
  • WalletConnect Compatible Wallets

In this guide we will look at using the MetaMask wallet

Step 2: head on to the official MetaMask website (https://metamask.io/) and from there you can download the wallet extension.

Step 3: Create your MetaMask Account and Set up the wallet

Step 4: Once you have creed the wallet head to Snadbox’s official website, which is https://www.sandbox.game/. Check the top right corner for a Sign in option.

Step 5: When you do so, you can see a drop down of the available wallet option. Choose the wallet that you want to connect (in this case – MetaMask).

Step 6: when you click on the option, the MetaMask browser extension will show you a prompt where you will have to sign a signature request in order to allow Metmask to connect to Sndbox. Click on Sign so as to go ahead. Remember, no gas fee will be charged at this step.

Step 7: Enter the email address and username and then click on Create Account. Your account would have been set up after this.

Now let’s have a look at how to buy some LAND. make sure that in the wallet that you have connected to the Sndbox platform, there must be SAND inside it, as well as the required ETH that is needed for the blockchain’s transaction fees.

Step 1: go on to the map on The Sandbox’s website. To do this first head over to the Sandbox website (The Sandbox Game — User-Generated Crypto & Blockchain Games). Then on the toolbar on the left find the Map button and click on it. Then you will be taken to the map where you can see the available LANDs

Step 2: Click on the LAND that you wish to buy. Rember that the regular LANDs that are available will be in grey and available premium LANDs will be yellow in colour.

Step 3: On the right side of the screen, a panel will show up that will have the blue Buy button. Click o it. Once you do this, the LAND will be booked. This means that The land would be reserved till the sale is confirmed, decided to cancel, continues to fail (for instance, due to a lack of gas), or expires (after two hours). The land would then turn purple, indicating that it’s been booked.

Step 4: The wallet will now show you a pop up where you will have to confirm the transaction and set how much gas to use. This gas fee is charged in the form of ETH.

Step 5: The transaction will then take place and once done the purple land will turn red showing that you now own it.

Also Read: Buying Virtual land in Metaverse

What does colour in the map inside Sandbox reflect?

Grey colour: regular in nature and available for purchase

Yellow colour: premium in nature and available for purchase

Purple colour: booked either by you or another user.

Red colour: ones that you have ownership over

Green colour: ones other users have ownership over

Blue colour: reserved ones kept by The Sandbox for partners and Game Maker Fund recipients.

How will buying land on the Sandbox make investors wealthy?

Owning a piece of digital real estate known as lands on the Sandbox will provide you with numerous opportunities to earn a very clean steady stream of income. Let’s go over all the ways that land could make you a very wealthy person.

Hosting Experience

The primary function of property on Sandbox is to allow users to host life experiences such as games, art museums, stores, scenes, engaging education, and so on. These experiences can indeed be designed and built using Sandbox’s own game development software, known as the Game Maker, and then published on any lands owned by the creator. In order to access the experience published on the land, players may be charged an entrance fee in cryptocurrency.

Staking

A future feature in Sandbox will enable landowners to stake cryptocurrency on their lands in exchange for passive bonuses. GEMs, an ERC-20 token that is highly desirable and sought after by asset design professionals, are one of these bonuses. These GEMs, in addition to the regular staking rewards, can be sold on the marketplace. When you provide SAND-ETH cash flow to the UniSwap liquidity provider, the number of Land areas you own acts as a multiplier, raising the amount of SAND cryptocurrency you receive from cash flow mining.

Renting

Landlords will also be able to rent out their own Lands to others, such as game designers and development film companies who missed out on a Land during the initial sales. Once all of the land have already been sold, the supply for land to rent will skyrocket as more people realize The Sandbox and decide to submit an experience there.

Host Contests and Giveaways

Events and giveaways can be organised on Lands, attracting a sizeable number of paying buyers to your land in order to enter the contest or giveaway. You could also allow others to host tournaments or giveaways on your Lands to advertise themselves – for a fee, of course.

Self-Promotion Ads & Affiliate Linking

Are you really an affiliate? Do you own a business? Are you a writer? Are you an artist? Or anyone who wants to sell a product or service? Then why not broaden your reach by utilising some of your advertising space on your own property to promote yourself to gamers and people visiting who would otherwise be unaware of your good or service’s existence?

Selling Asset NFTs

If you make a decision to publish an experience on your land, you will be sure to establish entrance requirements in addition to charging a fee to access the experience.

One of the entrance requirements that you can set is that players must first own a specific asset NFT. For instance, in order to play a swashbuckling pirate game you published on the land, a player may be allowed to purchase a weapon from an NFT sword collection you also published on the global market.

Selling Land

Of course, a further way to make money with land inside Sandbox is to sell them, particularly if they are in high-traffic and highly sought-after regions of the Metaverse. Though, evidently, if you calmly hold onto your Land areas for a longer period of time, you will most likely earn more money from a mixture of the other methods described above in the long run.

How much does land cost on Sandbox?

In 2021, the price of the cheapest LAND on Sandbox was estimated to be over $10000 USD. In the third quarter of 2021, the prices of the LAND had shot up by a whopping amount. They went from being just 40 USD to 960 USD in less than a year.

As of now (January 2023), the Floor price of the LAND is 0.899959 ETH, which amounts to $1090 USD.

The Market Cap of the LAND NFTs is somewhere around 122,755 ETH or $148,414,883 USD, with currently 22,892 unique owners.

The 24 hour trade volume is established at some 45.34 ETH.

What is the Price History of Sandbox?

The Sandbox price has seen constant fluctuations in the last one year. The SAND Price has dropped dramatically from ATH of 8.44 USD to 0.4 USD in January 2023. In 2021, and the hype around Metaverse grew radically. In fact, in the month of November of the year 2021, the token reached its all time high of 8.44 USD.

However, with the onset of 2022, the coin faced some rejection and its value dropped to 3 USD in January. After the drop, the prices didn’t remain stable. The first rose to $5 USD and then plummeted down again to $2.6 USD. Since April the coin has seen a bear market and its price has been falling down.

As of 3rd January 2023, the coin is valued at $0.4.

Are there any financial risk in buying Sandbox Land?

Ofcourse, there is. So proceed with caution.

The land prices may fall in future. It is quite new and yet to be fully adopted. However, given the trends, it is highly unlikely that we see a major drop in the land major price.

But if there is, that would be the perfect time to buy it. I personally am quite bullish on Sandbox. It will be interesting to see what future holds for us.

Frequently asked questions

Where can I find LANDs?

As mentioned, on the Sandbox website you can see all the LANDs and which ones are available. The LANDs purchased by you are located in the inventory. Much like other NFTs, LAND can also be found on Etherscan.io and marketplaces like OpenSea and Rarible.

What are the size and dimensions of LANDs?

A single plot of LAND comes in 1×1 dimension which means that it is squared. The plot measures 96 metres in width by 96 metres in length. The height is around 128 metres. In The Sandbox’s metaverse, 1 metre is the equivalent of 32x32x32 voxels

What are the size and dimensions of ESTATEs?

Estates are available in four kinds, each varying in dimensions. The Small is 3×3 with LANDs per parcel, the Medium is 6×6 with 36 LANDs per parcel, the Large Is 12×12 with 144 LANDs per parcel, and the X-Large is 24×24 with 576 LANDs per parcel.

Is the amount of LAND I can hold limited?

No. as of now Sandbox doesn’t put any limitations on the amount of LAND that can be owned by one person.

Is there a limitation on how many game designers can collaborate and build on one LAND at a time?

Currently, at the time of writing this article, the maximum number of collaborators on a LAND hasn’t yet been defined. However, according to Sandbox, they are in the works for benchmarking a value and will determine it based on performance.

If I purchased my LAND from a secondary market will it show in my inventory on The Sandbox website?

Yes, any land you buy from some secondary marketplace like OpenSea or Rarible, will eventually show up in your inventory on the Sandbox website. However, this will happen only if the LAND you purchased is in the same third-party wallet that you connected to your Sandbox account when you registered.

Are there any discounts available on the public LAND sales?

Unfortunately, the discounts on LAND were limited to only the presale round. Right now as of December 11 2022, there are not any discounts applicable on the LAND sales.

Can I sell the LAND I own?

Yes. The Sandbox team in developing The Sandbox’s Marketplace as an upcoming feature where you can sell your LAND. As an alternate option, you can also head to marketplaces to sell the LAND you own.

What does it cost to sell LAND?

The selling of owned LAND isn’t free of cost. The Sandbox’s Marketplace will charge a 5% transaction fee. Tsi fee will be payable in the form of the SAND token. Even on a third-party NFT marketplace, there will be a fee charged by the exchange as well as an associated gas fee.

Is Sandbox Land a Good Investment in 2023?- Final Thoughts

Metaverse is the future and any investment around land inside Sandbox or other Metaverses could actually be a great bet. Reward to risk ratio is huge. And since the prices in 2023 are down, it makes it a perfect time to invest in Sandbox land.

If I were to do a sandbox land price prediction, there are high chances that the prices are going to increase 5-10x in less than a year. However, nothing is guaranteed. In my opinion, a long term investment in the platform could turn out to bring huge profits. But expecting returns in a very short time seems not as plausible.

A word of caution: Please invest only what you can afford losing as virtual land sale are subjected to speculations.

There will be more land monetisation chances in the long term, so I recommend that you join the Sandbox community and stay up to date on development news. You can follow us on telegram T.me/Cryptobullsclub to stay updated on anything related to NFT, Metaverse and cryptocurrencies. Since land is a limited resource, you should act quickly to secure a piece of this fantastically simple money-making digital real estate! I am really bullish around Sandbox and other Metaverses.

If you have any queries about buying land in the Metaverse, feel free to ask in the comment section.

Last updated: 3rd January 2023