- Leading technology business NFT Technologies Inc. is joining Metaverse with The SandBox.
- The Sandbox is a theme park and virtual property that completely embraces the concept of the metaverse.
- NFT Tech now collaborates with The Sandbox among more than 160 other companies.
The Sandbox, a top decentralized gaming virtual world and a division of Animoca Brands, and web3 studio Run It Wild have joined forces, according to NFT Technologies Inc., a leading technology company that partners with top brands to speed up their entry into the web3 space through innovative technologies and unmatched creativity.
The Sandbox is a hybrid of virtual property and a theme park that fully embraces the idea of the metaverse, a networked online area where many worlds and characters can communicate with one another.
NFT Tech joins more than 160 other brands that already have partnerships with The Sandbox, including Deadmau5, Richie Hawtin, The Smurfs, Care Bears, Atari, ZEPETO, and CryptoKitties, all of which support the idea of giving players the freedom to create and pursue their own experiences using both unique and well-known characters and settings.
The ERC-20 utility token SAND serves as the foundation for all transactions and interactions within the Sandbox ecosystem. It is used to support gameplay-related transactions, including buying land, interacting with content, and taking part in the decentralized autonomous organization’s governance (DAO). According to CoinMarketCap, the token’s market cap has a peak of over $10B and a current fully diluted market worth of over $2B.
This collaboration fits perfectly with The Sandbox’s recently stated plans to grow its ecosystem by bringing on more partners. This includes new LAND sales geared toward particular locales and sectors as well as the beginning of a content series created to draw businesses and intellectual property to the virtual environment.
The Sandbox also intends to establish flagship communities that celebrate the diversity of places and cultures within the metaverse. By their 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.
By incorporating usefulness into digital assets, NFT Tech creates products that hasten the adoption of web3. NFT Tech is a trusted partner to worldwide brands across various industries, including sports, entertainment, and the arts. The company’s technology is intended to promote consumer interaction, enable digital asset ownership, and create new business models.