• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
NFT trading contributes to the recovery of The Sandbox

NFT trading contributes to the recovery of The Sandbox

user avatar

by Max Nevskyi

a year ago


Despite a general decline in activity in Web3-based games and projects since 2023, The Sandbox demonstrates an impressive rebound, especially in the NFT trading segment. According to the Web3 analytics company Messari's report for the fourth quarter of 2023, NFT sales not related to LAND grew by 43%. In particular, 30,194 coin courtyards were sold, contributing to a year-over-year increase of 246%. Among the most notable sales were avatars from the Captain Laserhawk: A Blood Dragon Remix series in collaboration with Ubisoft, as well as the Notorious BIG Big Poppa NFT collection.

In the fourth quarter, public LAND became the main driver of sales, accounting for 44% of the total volume, while private land trading also increased by 19%. However, auction sales, public land sales, and property sales declined, and overall revenue fell by 42%, primarily due to a decrease in the volume of primary sales.

Despite a decrease in the SAND share by 8% in the fourth quarter, the market capitalization of SAND grew by 89%, reaching $1.2 billion, thanks to a 86% increase in SAND prices, from $0.31 to $0.58.

The Sandbox also paid special attention to user-generated content, launching the Game Maker 0.9 tool and making LAND publication available to everyone. Sebastien Borget, Chief Operating Officer and Co-founder of The Sandbox, emphasized significant changes in the project over the past year, including dozens of branded events, new seasons, and hundreds of unique experiences. It is expected that in 2024, the focus on content creators will only intensify, making it the "Year of Creators."

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.