To tell the story of The Sandbox's growth, we have to start from October 2019. At that time, the SAND token was officially launched on Ethereum, and it was no longer just a simple in-game point system, but a true credential for this metaverse ecosystem.

The turning point came quickly. On August 13, 2020, a major exchange launched an IEO project, setting the initial price of SAND at $0.00833. Honestly, this price seemed ridiculously cheap at the time. But no one predicted what would happen next.

The next day, August 14, when the market opened, the green candlestick shot up like a blazing fire. The opening price surged to $0.0512, a single-day increase of 515%. Such a scene is rare — the entire market was shouting wildly, and everyone was asking: how can this thing move so fast?

But this was just the appetizer. During the crazy phase of the 2021 cycle, this 5x increase seemed insignificant. From the performance on the first day of the IEO, the market's expectations for The Sandbox's on-chain gaming ecosystem were far higher than the issuer’s initial pricing. The subsequent story was even more astonishing.