The SAND token surged connected November 1 aft Hong Kong-based NFT gaming level Sandbox secured $93 cardinal from large fiscal giants among them SoftBank.
The popularity of NFT gaming platforms similar Sandbox has seen an exponential emergence particularly successful 2021.
At the clip of writing, the SAND token was trading astatine $2.87 aft registering a 68% emergence successful the past 24 hours.
Securing the $93 cardinal funds was a large boost for the Sandbox ecosystem arsenic good arsenic for the assemblage since it proved investors person religion successful the project.
According to Sandbox’s main operating offer, Sebastien Borget, the caller backing volition spell a agelong mode successful fuelling the maturation of Sandbox’s creator’s system and assistance the level grow to different sectors similar fashion, virtual concerts, and architecture.
Borget said:
“We are creating this unfastened metaverse. We are positioning the Sandbox against those elephantine tech companies who are claiming the metaverse to beryllium theirs, offering an alternate wherever users are first.”
The SAND token unrelenting bullish trend
The SAND token has been connected a mega rally since Facebook’s Meta announcement past week.
Although it is not the lone met averse-linked cryptocurrency to registry immense terms movements owed to the Meta announcement by Facebook, SAND seems to beryllium the coin that has registered the largest hike.
The bullish inclination was accelerated connected Monday aft Sandbox announced that it had completed a $93 cardinal fundraising wherever the coin skyrocketed to an all-time precocious (ATH) of $3.25.
Although the terms of the SAND token has retraced somewhat to commercialized astatine astir $2.8, the terms is not expected to descent immoderate further but alternatively proceed with its bullish inclination that started connected October 27.
Besides, the backing and Facebook’s Meta announcement, Sandbox has besides announced large partnerships successful the past fewer weeks. For example, Sandbox partnered with fashionable rapper Snoop Dog, who said that helium volition make a replica of his enactment successful Sandbox’s metaverse.
English (US) ·