
The Sandbox’s significant partnerships with luxury brands and entertainment figures, as well as its focus on developing new experiences and events, helped it weather a prolonged cryptocurrency bear market.
Co-founder Sébastien Borget and CEO Arthur Madrid spoke exclusively at NFT Paris about renewed interest in the metaverse platform’s native token, new partnerships with Gucci and Lacoste, and the company’s long-term goals to remain the home of virtual experiences in the Web3 space.
“People like to say the metaverse is dead, but it isn’t for us. That is not true for Facebook. Epic’s Tim Sweeney is also very optimistic about the metaverse. “Having a metaverse with cryptocurrency, with NFTs [nonfungible tokens] and avatars, is still very meaningful,” explains Madrid.
Messari, a cryptocurrency market intelligence firm, recently published a report that highlights renewed interest in The Sandbox’s SAND$0.67 token and the platform itself. In the fourth quarter of 2023, SAND’s circulating market cap increased by 89% to $1.2 billion from $649 million, outperforming the total market capitalization of all cryptocurrencies in the same quarter.
State of @TheSandboxGame Q4
Key Update: Activity related to non-LAND items surged in Q4 due to new partnerships and collections.
QoQ Metrics 📊
– Market cap ⬆️ 89%
– Non-LAND minted ⬆️ 233%
– Daily avg. LAND secondary volume ⬆️ 11%Read the free report:https://t.co/utyqoF7MGr pic.twitter.com/cBvqIBNCJI
— Messari (@MessariCrypto) March 4, 2024

