沙盒 (SAND)：2024 年第 3 季主要見解

沙盒 (SAND) 是一個遊戲元宇宙，玩家和創作者可以在其中製作可透過 NFT 貨幣化的 3D 資產和體驗（例如遊戲）。

The Sandbox (SAND) Key Insights for Q3 2024

沙盒 (SAND) 2024 年第三季的主要見解

With a presence in the Web3 gaming scene since 2012, The Sandbox has undergone several iterations, culminating in its current form as a 3D metaverse gaming platform. Players can create, host, and monetize their experiences and assets within The Sandbox ecosystem through the use of SAND and NFTs.

The Sandbox 自 2012 年出現在 Web3 遊戲領域以來，經歷了多次迭代，最終形成了目前的 3D 虛擬宇宙遊戲平台形式。玩家可以透過使用 SAND 和 NFT 在 Sandbox 生態系統中創建、託管他們的體驗和資產並從中獲利。

Here's a summary of The Sandbox's key developments and metrics for Q3 2024:

以下是 The Sandbox 2024 年第三季的主要發展和指標摘要：

Staking Activity

質押活動

SAND staking is conducted on the Polygon network and involves two staking pools: one for LAND owners and one for everyone else. LAND owners can stake up to 2,000 SAND per LAND asset in this pool. In the other pool, any SAND holder can stake their SAND, though LAND owners receive a multiplier based on the number of LANDs they own.

SAND 質押在 Polygon 網路上進行，涉及兩個質押池：一個用於 LAND 所有者，另一個用於其他所有人。 LAND 所有者可以在該池中為每個 LAND 資產質押最多 2,000 SAND。在另一個池中，任何 SAND 持有者都可以質押他們的 SAND，儘管 LAND 所有者會根據他們擁有的 LAND 數量獲得乘數。

The daily average SAND staked fell by 18.7% QoQ from 84 million to 68.3 million. While the amount of SAND staked by non-LAND owners decreased by 5.6% QoQ, the amount of SAND staked by LAND owners increased by 1.6% QoQ. This indicates an increase in alignment between LAND owners and the broader Sandbox ecosystem.

日均 SAND 質押量較上季下降 18.7%，從 8,400 萬枚降至 6,830 萬枚。非 LAND 所有者質押的 SAND 數量環比下降 5.6%，而 LAND 所有者質押的 SAND 數量環比增長 1.6%。這表明 LAND 所有者與更廣泛的沙盒生態系統之間的一致性增強。

Additionally, the percentage of the circulating supply of SAND staked fell by 3.6% QoQ from 2.44% to 2.36%.

此外，質押的SAND流通量佔比月下降3.6%，從2.44%降至2.36%。

NFT Sales Activity

NFT 銷售活動

Activity on The Sandbox is conducted through digital real estate called LAND NFTs. Content creators can host metaverse experiences on plots of LAND. As such, LAND is valued highly amongst all The Sandbox NFTs. While non-LAND NFTs are valued lower, they are still necessary for various types of activities in The Sandbox metaverse (e.g., CATALYSTS to create ASSETS and give them attributes).

The Sandbox 上的活動是透過稱為 LAND NFT 的數位房地產進行的。內容創作者可以在 LAND 地塊上舉辦虛擬宇宙體驗。因此，LAND 在所有 The Sandbox NFT 中具有很高的價值。雖然非 LAND NFT 的價值較低，但它們對於沙盒元宇宙中的各種類型的活動仍然是必需的（例如，用於創建資產並賦予其屬性的催化劑）。

With a difference in general monetary value, LAND is more scarce (at a 0.11 ETH floor on OpenSea as of September 30), lowering the potential buyer pool. Non-LAND assets are priced lower (at a 0.0001 ETH floor on OpenSea as of September 30), allowing for a substantially larger potential buyer pool.

由於整體貨幣價值不同，LAND 更加稀缺（截至 9 月 30 日，OpenSea 的底價為 0.11 ETH），從而降低了潛在買家池。非 LAND 資產的價格較低（截至 9 月 30 日，OpenSea 的底價為 0.0001 ETH），從而允許更大的潛在買家池。

Throughout the first half of 2024, the NFT market has seen a decline in demand and activity across a majority of the sectors, thus leading to an overall decline in demand for assets from The Sandbox. However, in Q3, daily average active LAND buyers increased by 14.8% QoQ, indicating a potential reversal in demand for LAND. On the other hand, daily average active non-LAND buyers declined by 40.5% QoQ.

在整個 2024 年上半年，NFT 市場大多數行業的需求和活動都出現下降，從而導致對 The Sandbox 資產的需求整體下降。然而，第三季度，日均活躍 LAND 買家季增 14.8%，顯示 LAND 需求可能出現逆轉。另一方面，日均活躍非 LAND 買家季減 40.5%。

Financial Performance

財務表現

In Q3, the total market cap of all cryptocurrencies declined by 4% as the market saw activity cool off after a strong first half of the year in 2024. In line with this broader cryptocurrency market contractions in Q3, SAND’s circulating market cap declined by 7.4% QoQ from $746.9 million to $691.7 million. This decline was largely attributable to the price decline of SAND, down 12.33% from $0.33 to $0.29.

第三季度，所有加密貨幣的總市值下降了4%，因為市場活動在2024 年上半年的強勁表現之後逐漸降溫。 7.4%環比從 7.469 億美元增至 6.917 億美元。這一下降主要歸因於 SAND 價格下跌，從 0.33 美元跌至 0.29 美元，下跌 12.33%。

The total primary sale volume measures the USD amounts for which assets from The Sandbox were sold, and The Sandbox company retains the earnings from these primary sales. The Sandbox conducts five different types of primary sales: public non-LAND, public LAND, private LAND, private ESTATE, and private Auction.

初級銷售總額衡量的是 The Sandbox 資產出售的美元金額，The Sandbox 公司保留這些初級銷售的收入。沙盒進行五種不同類型的初級銷售：公共非土地、公共土地、私人土地、私人房地產和私人拍賣。

In Q3, total primary sales volume was up 17.3% QoQ, increasing from $252,000 to $297,000. This increase was primarily driven by an increase in LAND and private LAND sales volume, which increased by 36% and 179.6% QoQ, respectively. In contrast, non-LAND sales volume fell the most, decreasing by $16,000 QoQ (down 10%). As a result of these increases in primary sales volume, total revenue increased by 2%, from $272,000 to $277,000 in Q3.

第三季度，總銷售額較上季成長 17.3%，從 252,000 美元增至 297,000 美元。這一增長主要是由於土地和私人土地銷售量的增加所推動，分別環比增長 36% 和 179.6%。相比之下，非 LAND 銷量跌幅最大，季減 16,000 美元（下降 10%）。由於主要銷量的增加，第三季的總收入增加了 2%，從 272,000 美元增加到 277,000 美元。

Additional Developments

其他進展

Partnerships and Integrations

合作與整合

The Sandbox announced several partnerships in Q3, including one with SSC Napoli, the Italian Serie A football club, to integrate the club's stadium and players into The Sandbox metaverse. Another partnership was forged with Magic Eden, a Solana-based NFT marketplace, to enable users to purchase CATALYSTS directly from The Sandbox Marketplace.

The Sandbox 在第三季宣布了多項合作夥伴關係，其中包括與義大利甲級足球俱樂部 SSC Napoli 的合作，將該俱樂部的體育場和球員整合到 The Sandbox 虛擬宇宙中。與基於 Solana 的 NFT 市場 Magic Eden 建立了另一個合作夥伴關係，使用戶能夠直接從 Sandbox 市場購買 CATALYSTS。

Finally, The Sandbox unveiled a partnership with Attack on Titan, a popular anime series, to launch a LAND sale and introduce Attack on Titan-themed experiences and assets into The Sandbox metaverse.

最後，The Sandbox 宣布與熱門動畫系列《進擊的巨人》建立合作夥伴關係，推出 LAND 銷售，並將進擊的巨人主題體驗和資產引入 The Sandbox 虛擬宇宙。

Events

活動

The Sandbox hosts a variety of virtual events on its platform for its players to enjoy and win rewards.

Sandbox 在其平台上舉辦各種虛擬活動，供玩家享受並贏得獎勵。

In Q3, The Sandbox held two LAND

第三季度，The Sandbox 持有兩枚 LAND