SAND, a luxury blockchain metaverse project, has a new partnership in its bid to gain ground in the decentralized economy. It’s partnering with Metaverse, and in hopes
to end its bearish period.
It’s possible to buy a palatial estate without all the long walks from the master suite to the pool if you’ve always wanted one.
Sandbox (SAND-USD) is a blockchain metaverse project that bridges the gap between real estate, fine art, and the virtual world.
The company’s new partnership raises the stakes when it comes to digital real estate investment; Sandbox fans hope that it also brings benefits for the SAND cryptocurrency
SAND is one of the biggest players in crypto’s metaverse at the moment. The 36th largest cryptocurrency by market capitalization, it fuels a virtual economy that rivals Decentraland (MANA-USD) and even Horizon Worlds, which is backed by Meta Platforms (NASDAQ:FB).
In recent weeks, however, SAND has been in a state of disarray. As of just two months ago, the token was trading at $8.40, a far cry from its $3 all-time low at the start of the year.
Despite this, things for Sandbox do not seem bleak. Indeed, it appears that Sandbox is just getting started. Since the network began selling virtual real estate, more and more investors have piled into the platform. In addition, it plans to intensify the real estate trend by partnering with a luxury virtual architecture firm for new properties.
Investing in a Virtual Property: A Cryptocurrency Trend That Seems to Be Staying
According to a tweet from the Sandbox team, this trend will continue as long as investors continue to purchase digital properties fervently. A partnership with a virtual architecture company called Shift/Space is appealing to a more affluent crowd. This should boost the cryptocurrency’s value.
In an announcement earlier today, Sandbox developers have described what they call “Project Aurora.” The end goal is to create patches of real estate on the Sandbox platform that integrate cutting-edge technology. Modern architecture and design. A new company called metaverse architecture is doing this. Shift/Space designed nine pieces of digital real estate meticulously detailed for Sandbox. Upon unveiling, these plots will be auctioned through OpenSea. On February 24, the flagship Project Aurora house will go on the market.
Sandbox is getting lots of attention thanks to these catalysts: the platform is also seeing a 23% increase in trading volume today compared to yesterday. Still, the token is not performing well. As the Shift/Space auctions continue to gain momentum, investors will surely be keeping an eye on their portfolios this afternoon as the SAND crypto is down about 4%.
Via this site.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
