Cardano’s entry into The SandBox Game signals a new era for NFTs

• Cardano’s Clay Nation NFT will be integrated into The Sandbox Game.
• The NFT sales volume on Cardano in the last 30 days has been behind that of Ethereum and Polygon.

In a historic move, Cardano’s Clay Nation NFT project is set to be integrated into The Sandbox Game, marking the first time a Cardano project will be integrated into the popular blockchain-based game.

With the integration of Clay Nation into the Sandbox Game, players will be able to display and trade their Clay Nation NFTs in the game’s virtual world.

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Enter the sandbox 🪨

Clay Nation will be the first @Cardano project to be integrated into @TheSandboxGame – pushes interoperability even further #Web3

The experience must be created in collaboration with @smoblerstudios.

Stay tuned for more. pic.twitter.com/kzdSsUyKpW

— Clay Nation (@claymates) 25 February 2023

This announcement has created significant buzz in the Cardano community and is seen as an important milestone for the blockchain’s growing NFT vertical.

How much is 1, 10, 100 ADA worth today?

NFT sales on the Cardano network so far this year

According to data from Crypto slime, NFT sales on the Layer 1 (L1) network have totaled $23.99 million since the beginning of the year. In January, Cardano recorded a total sales volume of $14 million, with over 150,000 NFT sales transactions completed.

So far this month, the network has seen a total sales volume of $9.89 million, and 111,141 NFT sales transactions have been completed in the last 26 days.

Over the past month, Cardano has recorded NFT sales volumes of $11.95 million, placing it fifth in the ranking of blockchain networks with the highest NFT sales volumes.

This puts it behind Ethereum, Solana, Polygon and ImmutableX, indicating that while it is a growing player in the NFT space, it still has some way to go to catch up with the top four blockchain networks in terms of NFT- sale.

Source: Cryptoslam

Although the community reacted positively to the announcement of Clay Nation’s integration into The Sandbox, there has not been a significant increase in the purchase of assets from the NFT collection.

According to data from DappRadar, only 12 unique active wallets interacted or completed a transaction with the project’s smart contract in the last 24 hours. Similarly, the number of transactions fell by 12% within the same period.

With $213.69 recorded as the fiat value of all incoming transactions involving Clay Nation in the last 24 hours, this has seen a decrease of 72%.

Source: DappRadar

ADA in the last 24 hours

At press time, ADA was changing hands at $0.3635. The price grew by just 0.5% in the last 24 hours, while trading volume fell by almost 30%.

This suggested buyer exhaustion in the market. Fewer buyers correspond to a decrease in available liquidity, and this is often followed by a price move.