The interest in augmented reality, virtual reality, and metaverse real estate has seen a social media giant like Facebook change its name to Meta. This is after the growing intention to invest in virtual reality space. They may seem like an odd investment as they are still on the verge of developing. The fact is, they are just as similar as real-world real estate in so many ways. The Sandbox has been one of the significant routes for investors to multiply their assets. If you want to invest in the metaverse, here is a simple guide on how to buy land on the SandBox.
Buying Virtual Land on The Sandbox
The Sandbox is built on the Ethereum blockchain and is a gaming metaverse that allows users to create, distribute, and monetize in-world goods and gaming experiences. It enables players to earn from F2P (Free2Play) and P2E (Play2Earn) experiences on Sandbox lands. The different opportunities in the Sandbox metaverse are not only limited to gamers but are open to creators and land owners.
Properties in metaverse are available for individuals interested in premium locations in Sandbox for people, enterprises and institutions. Land areas’ primary objective is to allow game developers and designers to disclose experiences on them that can be played and monetized by gamers.
Different colors inside Sandbox reflect the various state of LANDs, as explained below.
- Gray– stands for LANDs or ESTATEs that are available for purchase.
- Yellow– they are premium LANDs that are available for purchase.
- Purple– represents LANDs or ESTATEs that you or other individual books.
- Red– LANDS or ESTATEs that you own.
- Green– LANDs or ESTATEs that belong to someone else.
- Blue– they are LANDs or ESTATEs that are reserved for partners and Game Maker Fund recipients by the Sandbox.
Now that you are familiar with the options of LAND in Sandbox, how do you get to buy LAND? You can buy Sandbox LAND in two ways: either in the Sandbox marketplace or on the Opensea Marketplace.
How to buy LAND from the Sandbox Marketplace
1. Create an Account on Sandbox
One of the obvious and the first step for you to be able to buy LAND on Sandbox is that you must be a member, so you do need an account on the Sandbox platform. Go to the Sandbox login page and navigate the “Sign in” option. Creating an account requires you to have a crypto wallet that you will use to attach to your account.
$SAND is a requirement for purchasing or trading anything on the Sandbox platform. It represents its native currency of the platform, or in essence, its crypto token. Since SAND works on the Ethereum Blockchain, there is a dire need to have ETH used as a gas fee. SAND and ETH are currencies requiring a third-party wallet, so a recommendation is for you to use the wallet registered when registering your account.
After creating the account, head to find Market from the menu and choose LAND as the NFT type.
2. Select your LAND
Navigate the LAND/ MAP option on the left toolbar on the screen. There are two main types of LAND in the Sandbox platform:
- Premium Land- These are lands surrounded by social hubs and major partners. The premium area you buy experiences higher traffic than the regular lands according to the neighborhood they are in.
- Regular Land- These lands do not have any major partners surrounding them, including areas where people build houses.
The regular lands are available in gray color, and the premium ones are available in yellow. You will then click on the land that you need to purchase.
3. Purchase your LAND
Once you select the piece of land you want to purchase, you can now make a buy option. Click on the buy button on the right bottom of the screen. Sign in to your crypto wallet, which must carry the ETH price of the land. Confirm the notification received on your wallet, and you are done!
Buying Land from the Opensea Marketplace
Step 1: Go to the Sandbox map.
Step 2: Click and tick on the Opensea filter.
Step 3: Choose from available LANDs.
Step 4: Click on the price button, and you will be redirected to opensea, enabling you to connect to the wallet by clicking next.
Step 5: The purchase is made by completing the checkout. Confirm the request received on your wallet.
The Sandbox Real Estate
The size of one piece of LAND in Sandbox is 96*96 meters, making it a perfect square. You can be able to merge 1*1 lands that are adjacent to each other to form an ESTATE. It is also possible to buy ESTATES when readily assembled as well. ESTATES come in different sizes of 3*3, which represent 9 LANDs, 6*6 (36 LANDs), 12*12 (144 LANDs), and 24*24 (576 LANDs).
As said before, the Sandbox LANDs are selling fast, becoming the talk of the town. Recent partnerships with Snoop Dogg and Adidas have fueled the fire more.
There are a total of 166,464 LANDS in The Sandbox Metaverse. Out of these, the Sandbox holds 10% of the LANDs to host special events. Additionally, 16% are there as reserves and distributed to partners, creators, and gamers as rewards. Consequently, 74% of LANDs are available for users.
How much does LAND cost on The Sandbox?
Presently, 31,581 parcels of LAND are there on Opensea for purchase. A LAND’s lowest price costs approximately 1.647 ETH ($2646.47).
Final Thoughts
I hope this guide on how to buy land on the Sandbox was useful. The Metaverse remains the future, and any investment around land inside Sandbox or other Metaverses could be a great bet. The reward-to-risk ratio is huge. As we have explained before, it is still in its starting era, which means it still has a chance to be something great. The possibility of the prices increasing is high, meaning that one can buy and sell at a profit. However, nothing is guaranteed.
We would still urge you to do your research and only invest what you can afford to lose, as virtual sales are subject to speculation.
If you enjoyed this article, you might also like our article on: How to Buy Land on Decentraland? – A Simple Guide
