James Atkins
Editor
Editor
After revealing its new collaboration with Lionsgate, a notable film producer in the U.S, and its long-time partner Millennium Films. The Sandbox metaverse’s native token, SAND, rose significantly in value.
The Sandbox is a user-generated content platform and gaming metaverse. Where players can create, own, trade, and monetize experiences in both digital and physical forms.
The project has been backed by some of the world’s largest companies including square Enix, Binance, and Atari.
The partnership with Lionsgate will see the two companies work together to create non-fungible tokens (NFTs) based on Lionsgate’s franchises. Which include The Hunger Games, John Wick, and Saw.
This is a major coup for The Sandbox, which has been working hard. To position itself as the go-to platform for NFT creation and trading according to a Lionsgate tweet.
SAND is trading at $0.873, up 3.78% after retracing from a high of $0.9753. The rally comes as the crypto market continues to experience ructions.
The Sandbox has been one of the few cryptos to post gains in recent days. As most digital assets have been caught in the sell-off.
SAND is currently the 31st largest cryptocurrency with a market capitalization of $344 million.
Sandbox’s partnership with Lionsgate is a major coup for the company. And is likely to help it gain more mainstream adoption.
The Sandbox is a decentralized virtual world where users can create, play, and monetize their experiences.
The Sandbox is powered by The Sandbox Game Token (SAND). An ERC-20 token that grants users access to the platform and allows them to trade assets in the digital world.
In a metaverse LAND called “Action City,” Lionsgate and its famous brands like Rambo, The Expendables, and Hellboy will be highlighted. Lionsgate will highlight one of Millennium Films’ iconic licensed properties as part of the new agreement.
The Sandbox and Lionsgate have come together to offer fans of all ages. A unique and memorable experience that includes some of the most popular licensed properties and franchises.
This collaboration will allow users to explore, play, and create their content in the Sandbox metaverse.
The Sandbox is excited to announce its collaboration with Lionsgate. One of the largest and most successful entertainment studios in the world. This partnership will bring some of Lionsgate’s most popular franchises to the Sandbox metaverse.
According to The Sandbox, Lionsgate Studios is the first major Hollywood studio to enlist in the metaverse.
This is not the first significant partnership for The Sandbox. As it has also featured material from The Smurfs, Snoop Dogg, and Adidas among other things. It has also sold land to notable corporations such as HSBC.
As the crypto markets continue to experience a drastic decline, the majority of the cryptocurrencies have not been left behind.
However, cryptos with metaverse backup like The Sandbox and Decentraland have been in a better position. With the current growing interest in Metaverse and NFTs.
The Sandbox was able to raise $1.5 million recently through a private sale, and its total value locked in TVL has now increased to $2.4 million.
Besides that, investors tend to explore projects with services or tangible products during rising inflation and high-interest rates times. This has given SAND flexibility in the current market meltdown.
It’s important to note during the partnership there were no financial details disclosed but according to the reports. The Sandbox is looking for ways to raise over $4 billion.
This move will create a new gaming world and experiences. Sandbox provides a platform that allows creators to design, monetize, and play games.
With the partnership, The Sandbox team wants to bring non-fungible tokens (NFTs) to the mainstream by collaborating with large IPs and brands.
I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.
