The Sandbox is a blend of the virtual estate that embraces the metaverse, a digital virtual space. NFT Tech joins more than 160 other brands with partnerships with The Sandbox, such as Richie Hatin, Care Bears, Atari, The Smurfs, ZEPETO, Deadmau5, and CryptoKitties, all support the idea of giving players the flexibility to develop and pursue their perspectives using both unique and well-known characters and situations.
“Most brands and rights holders today connect to their audiences across multiple platforms, from TikTok, Twitter, Instagram, Meta, LinkedIn, the list goes on,” said Adam De Cata, CEO of NFT Tech. “We see emerging virtual worlds and environments as the next great place to reach new web3-native audiences and also create deeper engagement and more meaningful experiences for existing customers. Delivering games alongside creative strategies and concepts for our current and future IP in the Sandbox is a perfect partnership with a leading metaverse on the Ethereum blockchain.”
All transactions and interactions in the Sandbox ecosystem are built upon the ERC-20 utility token SAND. It is used to facilitate gameplay-related transactions like interacting with content, buying land, and staking to take part in DAO (decentralized autonomous organization) governance. According to CoinMarketCap, the token’s market cap peaked at over US$10B and a fully diluted market worth of over US$2B.
This partnership fits perfectly with The Sandbox’s recently stated plans to grow its ecosystem by bringing in more partners. This includes new LAND sales targeted toward particular locales and sectors and the beginning of a content series created to draw businesses and intellectual property to the virtual environment. The Sandbox plans to create model communities that honor various places and cultures in the metaverse. Following our press notice from January 14, 2023, the acquisition of Run It Wild by NFT Tech is planned to close on or before February 24, 2023.
About The Sandbox
One decentralized virtual world that has recently been boosting the demand for virtual real estate is The Sandbox, a division of Animoca Brands. It has entered into strategic partnerships with IPs and brands like Atari, The Walking Dead, Care Bears, Rollercoaster Tycoon, Shaun the Sheep, The Smurfs, and Binance. The Sandbox metaverse provides players and creators with a decentralized and user-friendly platform to create immersive 3D worlds and game experiences and to safely store, trade, and monetize their creations. It builds on the existing Sandbox IP, which includes more than 40 million global setups on mobile.
About Animoca Brand
A pioneer in digital entertainment, blockchain, and gamification, Animoca Brands continues to work to advance digital property rights and contribute to the establishment of the open metaverse. The company was named a Deloitte Tech Fast winner and was listed in the Financial Times list of High Growth Companies Asia-Pacific. The company creates and produces a wide range of goods, including the REVV token or SAND token, as well as original games like Crazy Kings, The Sandbox, and Crazy Defense Heroes and goods based on well-known IPs like WWE, Snoop Dogg, The Walking Dead, MotoGPTM, Power Rangers, and Formula E.
More than 380 Web3 investments, including Axie Infinity, Dapper Labs, Harmony, Alien Worlds, Star Atlas, Colossal, OpenSea, Yield Guild Games, Harmony, Star Atlas, and others, are part of Animoca Brands’ expanding portfolio.