$SAND is an ERC-20 token built on the Ethereum blockchain. It is the main utility token and the currency of The Sandbox's ecosystem. It is also a governance token.
As such, $SAND will be required for the buying and selling of non-fungible tokens (NFTs), such as LAND and ASSETs, from The Sandbox's marketplace.
You will also need to hold $SAND to participate in the governance of the metaverse.