Buying and selling ASSETs
Yes. ASSETs can be purchased from The Sandbox's marketplace.
You will need $SAND to purchase ASSETs from The Sandbox Marketplace. $SAND is the currency of The Sandbox's platform, it will be required for all purchases in The Sandbox metaverse.
Yes, you can also purchase ASSETs from secondary markets and NFT exchanges. Such as OpenSea and Rarible. The ASSETs may also be available in other currencies, such as ETH, on these platforms.
The price of ASSETs on the marketplace is up to the creator of that ASSET.
They would need to price their ASSET fairly based on quality, uniqueness, GEMs and scarcity, for example.
Yes, you can sell these ASSETs on The Sandbox's Marketplace if you wish.
You could also sell your ASSETs on the secondary market via NFT exchanges. OpenSea is the most popular choice of secondary market. But others, like Rarible, are also available.
The price of any ASSETs on the marketplace are entirely up to the creator of that ASSET. However, they will need to remain fair and competitive in order to attract buyers. Some things to take into account when pricing ASSETs are the quality of the ASSET's design (including small details), the quality of any animations, the scarcity of the ASSET, its GEMS and CATALYSTs and its uniqueness.
A 5% fee will be added on top of listed ASSETs. This means if the seller chooses to price their ASSET at 500 $SAND, it will be listed on the marketplace for 525 $SAND.
There is a small 5% fee that is added on top of all $SAND transactions that occur within The Sandbox Marketplace. This fee goes into the Foundation fund, which is used to fund great projects, artists and game designers in the metaverse.
The Sandbox cannot offer you any tax advice. Taxation rules differ by nation and even by counties or states. Please seek advice from an official tax representative in your local jurisdiction.
