Arweave TX
JAN 2024, stella@footprint.network
Data Source: The Sandbox NFT Collection Dashboard
The Sandbox NFT collection comprises unique voxel assets and LAND parcels, enabling owners to build, play, and monetize their virtual experiences in The Sandbox metaverse. Will this NFT project rise in 2024?
The Sandbox is a dynamic, community-driven platform that empowers creators to monetize voxel assets and gaming experiences within its expansive blockchain-based metaverse. With a vast digital landscape of 166,464 LAND parcels, The Sandbox offers a unique virtual experience where LAND owners can leverage their digital real estate for a plethora of activities. They can host contests, stake the platform’s native token SAND for rewards, create and monetize custom assets and gaming experiences, participate in governance, and engage with a multitude of interactive games. The platform encourages active trade and anticipates future asset drops, keeping the community engaged and the ecosystem vibrant.
The Sandbox
The Sandbox is spearheaded by co-founders Arthur Madrid and Sébastien Borget, serving as CEO and COO, respectively. Their leadership has steered the company to global recognition, with offices worldwide. The project’s reach expanded after Animoca Brands’ acquisition in August 2018, enhancing its presence in the digital entertainment industry.
Animoca Brands stands at the forefront of the Web3 revolution, recognized as a Deloitte Tech Fast winner and featured on the Fortune Crypto 40 list and Financial Times’ High Growth Companies Asia-Pacific 2023. The company champions digital property rights through an impressive portfolio of original games and partnerships with top-tier entertainment properties. With over 400 strategic Web3 investments and a family of subsidiaries including The Sandbox and Blowfish Studios, Animoca Brands is a key architect in the creation of the open metaverse.
In the dynamic world of Web3, understanding non-fungible tokens NFTs can be like exploring a large, unknown sea. Data analytics is the tool that helps everyone involved — collectors, investors, and creators — find their way. It does this by looking closely at transaction records, ownership details, price movements, and how people interact with NFTs. This information helps people make smart choices, avoid risks, and spot new chances in the NFT market.
Having this kind of guide is crucial for staying on track in the ever-changing NFT landscape. It helps with making choices that keep up with the market, making sure no one is lost in the vast amount of NFT data.
NFT Market Trend
The NFT market is a dynamic ecosystem, and data metrics serve as a barometer for its changing conditions. Key indicators such as market capitalization, trading volumes, floor prices, and active engagement across marketplaces provide a vivid picture of the sector’s health and growth potential.
Investors who tap into these market trends can anticipate the direction of the tides, manage investment risk and uncover hidden treasures of opportunity. The importance of this data is huge — it’s the foundation of smart investment plans and a defense against the ups and downs of the NFT market.
Source: The Sandbox NFTs — Market Cap, Volume and Floor Price
According to Footprint Analytics, The Sandbox has seen fluctuations in its market cap and floor price over the last six months.
User Behavior
In the realm of NFTs, user behavior data such as total sales, total buyers and sellers, unique holders, and daily transactions provide a granular view of individual and collective actions. Metrics such as daily sales, volume, and the fluctuating numbers of holders, sellers, and buyers offer real-time insight into the pulse of the market.
Analyzing this user behavior data equips stakeholders with a deeper understanding of market sentiment and participant activity. Trends such as peak buying times, shifts in holder sentiment, and the emergence of buying or selling pressures can be identified. By leveraging this intelligence, investors and creators can refine their strategies, align them with the market demands and position themselves for success in the ever-changing NFT world.
Source: The Sandbox NFTs — Daily Holders, Sellers and Buyers
The latest data from Footprint Analytics, as of January 16, 2024, reveals that the number of The Sandbox NFT holders has stabilized at approximately 16,000, and the present ratio of supply to holders is 7.29.
Footprint Analytics offers a comprehensive suite of blockchain analytics, empowering analysts, developers, and investors to transform raw blockchain data into actionable insights. The key features include neatly structured tables for organized data presentation, a no-code platform enabling seamless NFT analytics, and the provision of in-depth data for a thorough comprehension of pertinent metrics and insights.
Our coverage includes prominent blockchains such as Ethereum, Polygon, BNB Chain, Cronos, Optimism, and Sui, as well as leading marketplaces such as OpenSea, LooksRare, and Blur, among others.
Dive into our NFT Research page to discover the depth of the data we offer. If you’re navigating uncharted territories and require data from a blockchain yet to be in our repertoire, we invite you to set sail with us. Schedule a meeting with our team to discuss adding new chains or forging custom insights for your unique NFT collection.
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Footprint Analytics is a blockchain data solutions provider. It leverages cutting-edge AI technology to help analysts, builders, and investors turn blockchain data and combine Web2 data into insights with accessible visualization tools and a powerful multi-chain API across 30+ chains for NFTs, GameFi, and DeFi.
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