Sandbox (Sand), the native token of the sandbox metaverse, comes after the United States’ largest crypto exchange Coinbase, up over 13% yesterday, announced in a tweet that it intends to list Sand on its platform.
Assets added to the roadmap today: Sandbox (SAND)
— Coinbase Assets (@CoinbaseAssets) 20 May 2022
Following the announcement, SAND has become one of the top gainers in gaming tokens, increasing its trading volume by 224.90% to over $1.2 billion.
At the time of writing, following the Coinbase announcement, Sand had pulled back slightly to trade at $1.29 after hitting a daily high of $1.38.
Sand featured on Coinbase roadmap
Coinbase previously said that it will be adding 6 SPL tokens on the Solana network and about 45 different ERC-20 tokens on the Ethereum network.
The gaming coin has been hit hard by the bloodbath of the crypto market, with the sandbox coin down 54% in the past month, however, its latest surge seems to have offset the losses.
In order for the token to be energy efficient, green and affordable, the ecosystem will move to Polygon Matic, OxPolygon.
Growing Sandbox Web 3 Development and Metaverse Development
Sandbox also announced that it has received full-stack development technology from Culit, a Uruguayan company with gaming experience. The firm will help them scale up their blockchain innovations and Web3 developments, among other development capabilities.
Welcome to Sandbox Uruguay! I
We are proud to announce the acquisition of a Uruguay based company @CualitA full-stack development technology firm experienced in gaming, our . to encourage #web3 and blockchain innovation and development capabilities. https://t.co/f9xNSRQLB1
— Sandbox (@TheSandboxGame) 19 May 2022
Meanwhile, the cumulative market cap of the gaming category coins also rose more than 9%, with an overall valuation of $13.6 billion, and trading volume up 8.5% to $4.9 billion.
Large ETH whales are also adopting gaming tokens at a time when the general crypto market is trading sideways. WhaleStats shows that over the past 24 hours, top gaming tokens such as ApeCoin (APE), Decentraland (MANA), and Axie Infinity (AXS) have joined the top 10 list of most bought gaming tokens.