Whereas most web3 video games and initiatives present a downtrend from 2023, newly launched information means that The Sandbox had a come again when it comes to its SAND market cap and NFT buying and selling, to finish the yr on a greater be aware.
Crunching information from the State of The Sandbox This fall 2023 report by web3 analytics firm Messari exhibits that is notably the case when non-LAND NFT gross sales in This fall 2023, which elevated by 43% in the course of the quarter.
Extra notably non-LAND mints amounted to 30,194, which additionally contributed to a year-on-year improve of 246%. These mints primarily included avatars from the Captain Laserhawk: A Blood Dragon Remix, which launched in collaboration with Ubisoft, in addition to Extraordinary Legal professional Woo and The Infamous B.I.G. Huge Poppa NFT collections.
In comparison with Q1 2023, which was dominated by personal LAND gross sales, public LAND turned the biggest driver of gross sales in This fall, with 44% of the entire quantity. Nevertheless, personal LAND buying and selling was additionally up 19% throughout that point.
Then again, public sale gross sales, public LAND gross sales and property gross sales all decreased throughout This fall, and complete income was down 42%, largely attributable to a drop in major gross sales quantity.
Regardless of SAND staking lowering by 8% in This fall, The Sandbox additionally skilled a bounceback with the SAND market cap surging 89% to hit $1.2 billion within the final quarter of 2023. This was largely attributable to an 86% worth improve of SAND, from $0.31 to $0.58.
Extra considerably, when trying past tangible information, 2023 proved to be a yr the place The Sandbox refined its deal with UGC by launching its Sport Maker 0.9 software, along with making LAND publishing open to all.
Certainly, when talking to BlockchainGamer.biz on the finish of the yr, COO and co-founder Sebastien Borget stated “The Sandbox is already fairly completely different from what it was 1 yr in the past, and we’ve confirmed it by introducing dozens of branded occasions, new seasons and a whole bunch of UG experiences.” Shifting forward, this focus will probably solely improve additional.
“2024 would be the 12 months of the Creators”, he added.