Whereas most web3 video games and tasks 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 word.
Crunching knowledge from the State of The Sandbox This autumn 2023 report by web3 analytics firm Messari reveals that is notably the case when taking a look at non-LAND NFT gross sales in This autumn 2023, which elevated by 43% in the course of the quarter.
Extra notably non-LAND mints amounted to 30,194, which additionally contributed to a year-on-year enhance 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 Legal professional Woo and The Infamous B.I.G. Huge Poppa NFT collections.
In comparison with Q1 2023, which was dominated by non-public LAND gross sales, public LAND grew to become the biggest driver of gross sales in This autumn, with 44% of the overall quantity. Nevertheless, non-public LAND buying and selling was additionally up 19% throughout that point.
Then again, public sale gross sales, public LAND gross sales and property gross sales all decreased throughout This autumn, and complete income was down 42%, largely attributable to a drop in main gross sales quantity.
Regardless of SAND staking lowering by 8% in This autumn, 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 attributable to an 86% worth enhance of SAND, from $0.31 to $0.58.
Extra considerably, when wanting 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 device, 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 mentioned “The Sandbox is already fairly completely different from what it was 1 12 months in the past, and we’ve confirmed it by introducing dozens of branded occasions, new seasons and tons of of UG experiences.” Transferring forward, this focus will probably solely enhance additional.
“2024 would be the 12 months of the Creators”, he added.