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In June, Sandbox’s sales experienced a significant decline. The reason for the decline this time is that investors put little interest in non-fungible tokens. By revenue, Sandbox is the 15th successful NFT project with a total volume of nearly $371.26 million. According to crypto Research as of June, sales of this digital collection are around $76,571.33.
However, June was the month with the lowest sales of the 15 best-selling NFTs, including codes: Meebits, Sorare, Doodles, VeeFriends, CloneX, Moonbirds, Otherdeed, Azuki, Art Block, NBA Top Shot, CryptoPunks, Mutant Ape Yacht Club (MAYC), Axie Infinity and Bored Ape Yacht Club (BAYC). Compared to the months of the year, June sales decreased by about 34%. The Sandbox’s May revenue was $116,241.92.
The Sandbox is too new
Originally Created as a mobile game, it had two hits of the same name in 2011 and in 2016 as The Sandbox Evolution. According to reviews and surveys on CH play and Apple Store, these two games have owned themselves about 40 million downloads. After witnessing the introduction of new blockchain-based video games, in 2018, the developer/maker “Pixowl” decided to move this game and its participants to the Ethereum ecosystem.
According to reviews on The Sandbox, some of the best games without limitations are Astroneer, Garry’s Mod, The Sims 4, Core Keeper, Dyson Sphere Programme, Minecraft, Terraria, Grand Theft Auto Online, Elite Dangerous, No Man’s Sky, Cities: Skylines, Crusader Kings 3, Factorio, Scrap Mechanic, Going Med Middle, RimWorld, Rust, Valheim, Mount and Blade 2: Bannerlord and Red Dead Redemption 2.
Reasons for The Sandbox’s sales to drop
Since June 2022, sales volumes have dropped significantly resulting in a decline in total transactions, with only 700 transactions with 367 unique buyers. Compared to January 2022, The Sandbox has peaked in sales with the number of buyers at 3,841 equivalent to 6,722 transactions. The Sandbox’s revenue this month is around $ 77,92 million.
After seeing a sharp increase in sales from its April 2021 low of $2.53, in June sales fell $77.84 million from their January 2022 high. The average selling price was also dizzyingly reduced from $11,591.46 in January to $109.39. Within 5 months, the price had plunged by 99%.
The Sandbox Pricing
SAND opened on June 1 with a trading price at that time of $1.45. The monthly high is $1.46, the low is $0.7379, and $1.12 is the month-closing price. In June, sand’s open and close prices fell by 22%.
>> See also: FTX review 2022: The simplest way to register FTX for newbies.
