沙盒 (SAND)：2024 年第 3 季度主要见解

沙盒 (SAND) 是一个游戏元宇宙，玩家和创作者可以在其中制作可通过 NFT 货币化的 3D 资产和体验（例如游戏）。

The Sandbox (SAND) Key Insights for Q3 2024

沙盒 (SAND) 2024 年第三季度的主要见解

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 年出现在 Web3 游戏领域以来，经历了多次迭代，最终形成了目前的 3D 元宇宙游戏平台形式。玩家可以通过使用 SAND 和 NFT 在 Sandbox 生态系统中创建、托管他们的体验和资产并从中获利。

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

以下是 The Sandbox 2024 年第三季度的主要发展和指标摘要：

Staking Activity

质押活动

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 质押在 Polygon 网络上进行，涉及两个质押池：一个用于 LAND 所有者，另一个用于其他所有人。 LAND 所有者可以在该池中为每个 LAND 资产质押最多 2,000 SAND。在另一个池中，任何 SAND 持有者都可以质押他们的 SAND，尽管 LAND 所有者会根据他们拥有的 LAND 数量获得乘数。

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 质押量环比下降 18.7%，从 8400 万枚降至 6830 万枚。非 LAND 所有者质押的 SAND 数量环比下降 5.6%，而 LAND 所有者质押的 SAND 数量环比增长 1.6%。这表明 LAND 所有者与更广泛的沙盒生态系统之间的一致性增强。

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

此外，质押的SAND流通量占比环比下降3.6%，从2.44%降至2.36%。

NFT Sales Activity

NFT 销售活动

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 上的活动是通过称为 LAND NFT 的数字房地产进行的。内容创作者可以在 LAND 地块上举办虚拟宇宙体验。因此，LAND 在所有 The Sandbox NFT 中具有很高的价值。虽然非 LAND NFT 的价值较低，但它们对于沙盒元宇宙中的各种类型的活动仍然是必需的（例如，用于创建资产并赋予其属性的催化剂）。

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.

由于总体货币价值不同，LAND 更加稀缺（截至 9 月 30 日，OpenSea 的底价为 0.11 ETH），从而降低了潜在买家池。非 LAND 资产的价格较低（截至 9 月 30 日，OpenSea 的底价为 0.0001 ETH），从而允许更大的潜在买家池。

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.

整个 2024 年上半年，NFT 市场大多数行业的需求和活动都出现下降，从而导致对 The Sandbox 资产的需求整体下降。然而，第三季度，日均活跃 LAND 买家环比增长 14.8%，表明 LAND 需求可能出现逆转。另一方面，日均活跃非 LAND 买家环比下降 40.5%。

Financial Performance

财务表现

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，所有加密货币的总市值下降了 4%，因为市场活动在 2024 年上半年的强劲表现之后逐渐降温。与第三季度更广泛的加密货币市场收缩相一致，SAND 的流通市值下降了 7.4%环比从 7.469 亿美元增至 6.917 亿美元。这一下降主要归因于 SAND 价格下跌，从 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.

初级销售总额衡量的是 The Sandbox 资产出售的美元金额，The Sandbox 公司保留这些初级销售的收入。沙盒进行五种不同类型的初级销售：公共非土地、公共土地、私人土地、私人房地产和私人拍卖。

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，总销售额环比增长 17.3%，从 252,000 美元增至 297,000 美元。这一增长主要是由于土地和私人土地销售量的增加所推动，分别环比增长 36% 和 179.6%。相比之下，非 LAND 销量跌幅最大，环比下降 16,000 美元（下降 10%）。由于主要销量的增加，第三季度的总收入增加了 2%，从 272,000 美元增至 277,000 美元。

Additional Developments

其他进展

Partnerships and Integrations

合作与整合

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 在第三季度宣布了多项合作伙伴关系，其中包括与意大利甲级足球俱乐部 SSC Napoli 的合作，将该俱乐部的体育场和球员整合到 The Sandbox 虚拟宇宙中。与基于 Solana 的 NFT 市场 Magic Eden 建立了另一个合作伙伴关系，使用户能够直接从 Sandbox 市场购买 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.

最后，The Sandbox 宣布与热门动漫系列《进击的巨人》建立合作伙伴关系，推出 LAND 销售，并将进击的巨人主题体验和资产引入 The Sandbox 虚拟宇宙。

Events

活动

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

Sandbox 在其平台上举办各种虚拟活动，供玩家享受并赢得奖励。

In Q3, The Sandbox held two LAND

第三季度，The Sandbox 持有两枚 LAND