This top performing crypto even surpassed Solana.

Sandbox (SAND) is one of the many Metaverse tokens that have reached crypto fame in recent months. It’s up 14,530% year-to-date, making it one of the top performing cryptos of 2021. It even outperformed Solana (SOL).

If you had bought $ 500 from Sandbox on January 1, it would be worth over $ 73,000 today. So how did Sandbox produce such impressive payouts?

Facebook’s decision to rebrand itself as Meta put everything about the Metaverse in the spotlight. Metaverse tokens like Sandbox, Decentraland (MANA), and Enjin (ENJ) have all seen significant price increases.

Metaverse are virtual worlds where people can interact, visit galleries, shop, and do a lot of things that they can do in the real world. People can buy and develop land in these virtual worlds, whether for business or for pleasure.

2. He launched The Sandbox Alpha

After four years of development, Sandbox has opened the doors to its metaverse with an exclusive Alpha pass. Only 5,000 people could participate in its multi-week winning game event and explore the Sandbox metaverse.

Those who couldn’t purchase or earn an Alpha Pass can still explore a small part of the New World, including the Alpha HUB and three Experiences.

3. He announced a series of partnerships

In early November, Sandbox finalized a $ 93 million fundraiser led by SoftBank, which it says will help the platform evolve and grow as a leading entertainment destination. Several big names have invested in the project, including Galaxy Interactive, Polygon Studios and Kingsway Capital.

Sandbox has partnerships with a number of top brands, such as Snoop Dogg who has developed his own virtual mansion in Sandbox, and The Walking Dead, which has created a gaming experience for players to discover.

Should you buy SAND?

ARK Invest’s Cathie Wood says she believes the Metaverse will be a multibillion-dollar opportunity, and it’s clear Mark Zuckerberg thinks the Metaverse is the future. But which metaverse will be successful? What role will cryptocurrencies play? If you agree that the metaverse will be important and you want to invest, know that it is still very early. We just don’t know how these virtual worlds are going to play out.

Speculation in the cryptocurrency industry can push prices to unsustainable levels, which is one of the reasons the market is so volatile and high risk. So it’s hard to know if a token is too expensive and on the verge of falling, or if it could rise further.

Investors need to step back from the fear of missing out and the excitement of the next big thing and assess SAND’s long-term performance. It is unlikely to increase by a further 14,530%. But do you think it has room to develop further in the next five to ten years? How does it stack up against its competition – including big companies like Meta – and does it have the right management team in place to stay competitive?

It’s worth downloading Alpha Hub and entering the virtual world of Sandbox. You can access multiple parts of his metaverse without spending any money, and it’s a good way to get a feel for what the game does.

If you want to invest, SAND is listed on several major US cryptocurrency exchanges, such as Gemini, Crypto.com, and Kraken. Investors outside of the United States also have several other options, such as Binance and KuCoin.

At the end of the line

All cryptocurrency investments are risky and can be volatile, so only invest money that you can afford to lose. It’s also good to consider Sandbox in the larger context of the crypto market as a whole – keep in mind that Bitcoin (BTC), which is the largest crypto by market cap, has lost 30% of its value in the past. over the past month.

Ultimately, Sandbox exploded into the crypto market and even after its huge payouts, the game could still have a lot of potential. But there are a few caveats. Much depends on whether the Metaverse continues to gain attention. What if Sandbox can maintain its position when Meta and other big companies really enter the space.

Emma Newbery owns Bitcoin, Sandbox, Decentraland, and Enjin. The Motley Fool owns shares and recommends Bitcoin.