A cryptocurrency called SAND which was relatively unknown until a month ago has been enjoying a period of strength.
The token, which comes from metaverse platform The Sandbox, is currently valued at just over $6.62 – three times what it was two weeks ago.
Its price had previously been stuck at around $0.75, before it started spiking at the end of October.
But what exactly is SAND and why is it suddenly surging? Here is everything you need to know.
What is SAND?
SAND is The Sandbox’s token. The Sandbox is a blockchain-based virtual world developed by Pixowl, which allows people to create and explore universes.
It was originally a mobile and PC game, but was acquired by Animoca Brands in August 2018 to be brought to the blockchain.
It has some similarities with Minecraft in that players use resources such as water, soil, lightning, lava, sand, glass to build, and can interact with others.
Players will encounter tasks, such as making a certain material using other resources. They can also save and upload their worlds to a public gallery.
Coin Market Cap says: “By combining the powers…
