Whereas most web3 video games and initiatives present a downtrend from 2023, newly launched knowledge means that The Sandbox had a come again when it comes to its SAND market cap and NFT buying and selling, to finish the 12 months on a greater notice.
Crunching knowledge from the State of The Sandbox This fall 2023 report by web3 analytics firm Messari exhibits that is significantly the case when taking a look at non-LAND NFT gross sales in This fall 2023, which elevated by 43% in the course of the quarter.
Extra significantly 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 Lawyer Woo and The Infamous B.I.G. Large Poppa NFT collections.
In comparison with Q1 2023, which was dominated by personal LAND gross sales, public LAND grew to become the biggest driver of gross sales in This fall, with 44% of the full quantity. Nevertheless, personal LAND buying and selling was additionally up 19% throughout that point.
However, public sale gross sales, public LAND gross sales and property gross sales all decreased throughout This fall, and whole income was down 42%, largely on account of 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 on account of an 86% worth improve of SAND, from $0.31 to $0.58.
Extra considerably, when trying past tangible knowledge, 2023 proved to be a 12 months the place The Sandbox refined its concentrate on UGC by launching its Sport Maker 0.9 instrument, along with making LAND publishing open to all.
Certainly, when talking to BlockchainGamer.biz on the finish of the 12 months, COO and co-founder Sebastien Borget stated “The Sandbox is already quite different from what it was 1 year ago, and we’ve proven it by introducing dozens of branded events, new seasons and hundreds of UG experiences.” Transferring forward, this focus will seemingly solely improve additional.
“2024 will be the Year of the Creators”, he added.
