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January 17, 2022
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The Sandbox Partners With a Myriad of Hong Kong Luminaries, Plans to Launch Metaverse ‘Mega City’ – Bitcoin News

The Animoca Brands subsidiary and blockchain-based digital world, The Sandbox, has introduced the agency has made a number of partnerships in Hong Kong, and has plans to create a “Mega City” within the metaverse. Partners who acquired land in The Sandbox to construct Mega City embody Hong Kong tycoon Adrian Cheng, skilled providers agency PWC Hong Kong, and the Hong Kong actress and mannequin Shu Qi.

The Sandbox Announces Mega City Launch

Blockchain tasks like Decentraland and The Sandbox have been seeing important demand as Web3, NFTs, and metaverse hype has grown exponentially in current instances. On Wednesday, The Sandbox — an Animoca Brands subsidiary and blockchain metaverse that leverages non-fungible token (NFT) know-how — introduced the launch of a “Mega City.” The agency has made varied partnerships in Hong Kong and the metaverse area will grow to be “a new cultural hub,” in accordance to the announcement.

The Sandbox particulars that it partnered with the famend Hong Kong businessman Adrian Cheng, CEO of New World Development, founder of the K11 model, and Chow Tai Fook jewellery firm’s government director. The blockchain digital world will function Cheng’s XL Estate (24 x 24 LANDs) that goals to be an “innovation hub of Mega City.” A landmark would be the GBA Pavilion that showcases “creativity and tech wonders.” Cheng’s GBA Companies will even present particular experiences like “entertainment [and] exclusive NFTs.”

Award-winning leisure stars like director Stephen Fung and actress Shu Qi plan to showcase unique NFTs. “The Sandbox [plans] to create an exciting district of Mega City that will showcase their talents and love for art and culture,” the announcement particulars. Furthermore, metaverse followers and The Sandbox customers might be ready to purchase land subsequent to Mega City. The Sandbox has introduced a land sale of property positioned adjoining to the Mega City area. The blockchain digital world startup’s Mega City announcement explains:

To have fun the brand new companions, The Sandbox will launch a new LAND sale on January 13, 2022, that can enable gamers to buy alternative spots close to the LANDs of the companions introduced as we speak.

Blockchain Firm Collaborates With 165 Partners

Meanwhile, the undertaking’s native token sandbox (SAND) has shed greater than 7% in worth this week however over the past two weeks, SAND has gained 6%. Year-to-date metrics present SAND has elevated 13,785% towards the U.S. greenback. SAND has a market valuation of round $5 billion as we speak and $672 million in world commerce quantity. Statistics point out that out of the highest NFT marketplaces, The Sandbox Marketplace ranks 25 worldwide with $15.94 million in all-time gross sales.

According to the upcoming land sale particulars, the corporate’s new estates might be seen on The Sandbox virtual world map. The Sandbox says premium land will even be out there with unique NFTs and the flexibility to host occasions on the property. Following the announcement, The Sandbox claims that it has acquired 165 companions to date together with the South China Morning Post, PWC Hong Hong, The Smurfs, Care Bears, Atari, Cryptokitties, Adidas, Snoop Dogg, and The Walking Dead.

Tags on this story
Adidas, Adrian Cheng, Animoca Brands, Atari, Care Bears, CryptoKitties, unique NFTs, GBA Companies, Hong Kong, Hong Kong Luminaries, Land, Land Sale, Mega City, Metaverse, Native Token, NFTs, property, SAND, Selling Land, Shu Qi, Snoop Dogg, Stephen Fung, The Sandbox, The Sandbox metaverse, The Smurfs

What do you concentrate on The Sandbox Mega City and the current Hong Kong partnerships? Let us know what you concentrate on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News concerning the disruptive protocols rising as we speak.

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