Everyone’s in The Sandbox: Artists, brands and creators pile into the Metaverse
The blockchain gaming ecosystem has seen explosive growth over the course of 2021 as nonfungible tokens (NFT) and the play-to-earn gaming model helped create new income opportunities for people around the world while also ushering in a new cohort of users to the cryptocurrency sector.
One project involved in gaming and the building of the Metaverse is The Sandbox (SAND), a blockchain-based virtual world where users to create, build, buy and sell digital assets in the form of a game.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.70 on Oct. 27, the price of SAND has stormed 393% higher to reach a new all-time high at $3.45 on Nov. 3 as its 24-hour trading volume surged to $9 billion.
Three reasons for
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