Around 16,000 people buy virtual plots of land in Sandbox metaverse: Co-founder
- Date: 30-Nov-2021
- Source: Al Arabiya
- Sector:Financial Markets
- Country:Middle East
Around 16,000 people buy virtual plots of land in Sandbox metaverse: Co-founder
Around 16,000 people have bought plots of virtual land in a new blockchain-linked video game, Sandbox cofounder and COO Sebastien Borget told Al Arabiya English.
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The Sandbox, a virtual metaverse world that allows users to create and play games within a game, launched an early Alpha version on Monday.
At the time of writing, the most affordable plot of land for sale on NFT marketplace Openseas had an asking price of $15,179.
A digital currency associated with Sandbox, linked to the Ethereum blockchain, quadrupled in price in the two weeks running up to the launch. It hit a peak of $8.40 and is currently worth around $7.08.
Borget said that the number of people who own the SAND currency ballooned from around 500,000 at the beginning of the month to around 900,000 currently.
“It’s a very exciting time,” he told Al Arabiya English.
The platform has a host of name-brand backers including sportswear company Adidas, gaming giant Atari, and rapper Snoop Dogg.
It was also funded in part by the SoftBank Vision Fund, which was co-created by the Saudi Public Investment Fund (PIF).
What is the Sandbox?
The Sandbox is essentially a platform for game designers