If there’s one positive thing we can take away from this year, it’s that, because of the COVID-19 pandemic, digital adoption has soared to heights never seen before. It had most of it passing through the crypto ecosystem.
CoinMarketCap’s offering “Learn Crypto, Earn Crypto” launched as part of a campaign to share information about the ecosystem. It has the slogan “acquire crypto assets in a pleasant and low-risk approach.”
In this chance, the crypto market’s leading price index has partnered with the popular virtual world platform built on Blockchain The Sandbox. Thus, it allows fans from both worlds to test their expertise while earning native $SAND tokens by viewing movies.
The prize pool totals $400,000 in $SAND tokens, which will split between the CMC Earn program alliance and The Sandbox.
What Users Will Do to Get Rewards
Users must complete a quiz after watching a series of instructional videos on the popular Blockchain-based gaming platform credited with fabulous prizes in native SAND tokens. It can then access The Sandbox or purchase ASSETS within the platform. Lastly, it simply staked and earn passive income by keeping them in your portfolio.
The hunt for ‘contactless’ entertainment solutions was not far behind. However, gaming, as well as numerous digital solutions based on cryptocurrency, saw increased growth this year.
Best of all, the merging of two worlds, crypto + Blockchain, has spawned a new movement. Also, the NFTs attracted the attention of gamers, artists, and crypto aficionados.
Since the advent of Cryptokitties, the use of non-fungible tokens centered on decentralized games has grown significantly.
Now, the Metaverse has grown and expanded its boundaries. It became a billion-dollar subsector that is growing exponentially as a result of its usage and adoption cases. Specifically, it includes gaming, art, music, and real estate, among others.
NFT’s Expansion
Some of the benefits that permitted to investigate the tokenization of assets of any form, beyond the standards fungibles of traditional tokens, including its unique and unrepeatable capacity, as well as the intrinsic properties of Blockchain technology “transparency, immutability, and traceability.”
As if that weren’t enough, its interoperability has allowed it to break down barriers across chains. Therefore, it allows for a more global and decentralized economy. At the same time, it provides for unequivocal digital ownership of the NFT’s user or creator.
The most noteworthy use cases that NFTs encourage within popular platforms from decentralized worlds such as Decentraland or The Sandbox are empowering the user and allowing them to sell their works directly without intermediaries while granting them complete control over them.
As if that weren’t enough, the ability to own virtual LANDs and lease them to monetize this space, as well as having complete control over the passive income assets generated on these lands, are characteristics that gain increasing popularity. Thanks to the power of Blockchain technology combined with the best of the real world.
While figures on the contribution of NFTs to the gaming economy are still difficult to come by, their rising inclusion in gaming platforms is a sign of things to come.
In this regard, platforms like Animoca Brands have a better chance of covering this new growing market segment of NFTs. These have adequate experience and knowledge of both the blockchain and gaming worlds. The Sandbox is a fantastic illustration of this.
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