Around 16,000 people buy virtual plots of land in Sandbox metaverse: Co-founder

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