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The Sandbox SAND/USD is a popular metaverse that is developed on top of the Ethereum ETH/USD blockchain and aims to enable users the opportunity to explore, buy land and create structures out of which they can monetize.
SAND is the native cryptocurrency token used to facilitate various transactions that are a part of the world.
The project has blown up in terms of popularity and has seen an exponential level of growth in the value of its native cryptocurrency token as a result, especially throughout the past year.
In fact, on March 4, we covered how the metaverse reached 2 million users.
That said, the payment giant Mastercard recently announced its partnership with The Sandbox.
The Mastercard partnership as a catalyst for growth
The payments giant Mastercard has announced that it has conducted a partnership with The Sandbox as well as other non-fungible token (NFT) marketplaces.
The partnership was aimed at bringing its payments within Web3.
According to their official publication, Mastercard claims that the marketplaces with which it entered into partnership were Immutable X, The Sandbox, Mintable, Candy Digital, Spring, Nifty Gateway, and MoonPay.
All of these marketplaces, together, generated more than $25 billion in sales throughout 2021.
Mastercard will also apply its full suite of capabilities to reinforce customer safety and will use its cybersecurity tools to protect user data for purchases that they make using a Mastercard card.
Should you buy The Sandbox (SAND)?
On June 13, 2022, The Sandbox (SAND) had a value of $0.82705.
In order for us to see what kind of value point this is for the SAND cryptocurrency, we will be going over its all-time high point of value, as well as its performance throughout the previous month.
The all-time high of the SAND cryptocurrency was on November 25, 2021, when the token reached $8.40 in value.
When we take a look at how it performed last month, The Sandbox (SAND), the token had its highest point of value on May 5 at $2.4342.
Its lowest point of value was on May 12 at $1.0524. Here we can see that the token decreased in value by $1.3818 or by 56%.
With this in mind, at $0.82705, SAND is a solid purchase as the token can increase in value to $1.2 by the end of June 2022.