Animoca Brands Corporation Ltd's subsidiary The Sandbox has listed its utility token and in-game currency SAND on Coincheck, the largest crypto trading service in Japan.
The listing is part of the company's plan to make the SAND token easily accessible to growing numbers of players around the world in order to boost the continued growth of its open metaverse.
Starting today, Coincheck Inc lists SAND on its crypto trading service in the trading pairs of SAND/JPY and SAND/BTC.
SAND utility token
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 items while controlling their avatars.
Furthermore, SAND will also serve as a governance token for future participation in the game operations of The Sandbox.
About The Sandbox
The Sandbox is one of the decentralized virtual worlds fueling the recent growth of virtual real estate demand, having partnered with major IPs and brands including Warner Music Group, Ubisoft, The Rabbids, Shibuya 109, Gucci Vault, The Walking Dead, Snoop Dogg, Adidas, Deadmau5, Steve Aoki, Richie Hawtin, The Smurfs, Care Bears, Atari, ZEPETO, CryptoKitties and more.
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 decentralized and intuitive platform to create immersive 3D worlds and game experiences and to safely store, trade, and monetise their creations.