The Sandbox, a metaverse gaming platform, experienced a 30% surge at one point in its SAND token's price following the announcement of an MoU with the Saudi Arabia Digital Government Authority (DGA). SAND's price is currently up about 20% since February 6, as of writing, at $0.8477.
The COO of The Sandbox, Sebastien Borget, revealed the new partnership on Twitter along with its objective to jointly explore, advise, and support each other in metaverse activations. The SAND token is also approaching its scheduled unlock on February 14, releasing 12% of the token's supply.
The Sandbox's agreement with Saudi Arabia's DGA signals that more national organizations are exploring the metaverse, following the trend of major legacy companies such as Walmart and Amazon who are entering the metaverse gaming platform space.
South Korea, known for its early adoption of web3 technology, will see its capital city Seoul create a metaverse version the city.
As we've seen, The Sandbox has been making strides in the metaverse space and has even secured a partnership with Saudi Arabia. This partnership is a clear indication of the potential and growth of the metaverse market.
However, the upcoming RobotEra project is taking the metaverse market to new heights by offering a more immersive and interactive gaming experience with the added integration of virtual and augmented reality. With the ability to construct and customize robots, landscapes, and buildings, and monetize gameplay, RobotEra is set to bring a whole new level of excitement to the metaverse.
And with the success and recognition of The Sandbox, it's only a matter of time before the world takes notice of this new project and the unique features it has to offer. The partnership betweenRead more on cryptonews.com