• The Sandbox (SAND) is a virtual world based on blockchain that allows users to build, create, and trade digital assets.
• Axie infinity (AXS) is a similar game that uses token-based creatures called Axies.
• The introduction of the new decentralized trading platform TMS Network (TMSN) has enabled faster trades, while the token unlock of The Sandbox (SAND) and the launch of Eras in Axie Infinity (AXS) have impacted prices.
The Sandbox (SAND) is a virtual world based on blockchain technology that allows users to build, create, and trade digital assets through a game. It combines the power of decentralized autonomous organizations and non-fungible tokens (NFTs) to create a decentralized platform to help the gaming community. With over 370 million tokens unlocked by The Sandbox, its total circulating supply has gone up to 12.41%. This news has also coincided with The Sandbox’s partnership with Saudi Arabia which has helped surge the price by almost 30%.
Axie Infinity (AXS) is partially owned and operated by gamers and is inspired by popular games like Tamagotchi. In Axie Infinity, players can trade and breed token-based creatures called Axies. Season 2 of Axie infinity saw the introduction of Eras which allow users to breed pets and partake in battles based on the ongoing era status such as Rare, Mythic, Epic or Final. This caused prices for four in-game creatures dropped – Mechs, Bugs, Beasts and Plants – while Dawns, Birds and Reptiles had an increase in value.
TMS Network Platform
The launch of TMS Network’s decentralized trading platform has helped facilitate trades instantly and efficiently without going through intermediaries. Traders can use this platform to trade a wide range of assets with instant deposits and withdrawals being available for them to make use of. Furthermore, it is user friendly making it beginner friendly as well!
Impact on Prices
The recent developments have had an impact on both The Sandbox’s token prices as well as those in Axie Infinity due to their respective announcements; experts say that holders in both platforms stand to make profits from these changes!
Overall, these recent developments have opened up new opportunities for traders looking into investing into either or both platforms with their own respective advantages being offered!