SAND token has increased more than 600% since facebook rebrand to meta
- SAND, the native cryptocurrency of The Sandbox, rallied after Adidas tweeted that it would be developing an “adiVerse” with the Metaverse platform.
- After the adidas tweet mentioned above SAND token rallied 50% setting a new all-time high at $8.
- Celebrities like legendary rapper Snoop Dog have rebuilt his private mansion to host parties and present his impressive NFT collection on the Sandbox platform.
Recently, virtual Metaverse project Sandbox tweeted at Adidas, linking to a 144-parcel Adidas Original space on its platform. Sandbox suggested an arrangement for the two entities to “design their future together.”
SAND, the native cryptocurrency of The Sandbox, rallied after Adidas tweeted that it would be developing an “adiVerse” with the Metaverse platform. The sportswear behemoth even purchased a chunk of land on The Sandbox.
While Adidas could be dabbling in the non-fungible token (NFT) industry, the move would follow its rival Nike ($NKE), which aims to bring its sneakers in the Metaverse.
What is Sandbox
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
According to the official whitepaper, the Sandbox platform’s main mission is to successfully introduce blockchain technology in mainstream gaming. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
Celebrities like legendary rapper Snoop Dog have rebuilt his private mansion to host parties and present his impressive NFT collection on the Sandbox platform.
About SAND token
As you can see from the chart one month ago in October the SAND coin was trading at less than $1. Now it is worth around $7.8 ever since the Metaverse shift of Facebook.
This is more than 600% return in a month. The coin seems to have a very positive sentiment from the public since it is only increasing ever since.
After the adidas tweet mentioned above SAND token rallied 50% setting a new all-time high at $8.
Disclaimer – I/we have no position in any stock mentioned. I wrote this article myself, and it expresses my personal opinions. I am not receiving any compensation for it, other than FDGT Academy. I do not have or had in the past any business relationship with any company that is mentioned in the above article.
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