The Sandbox partners with BlockchainSpace to attract more alliances and players, SAND price increases slightly

The blockchain-based gaming platform The Sandbox has partnered with BlockchainSpace, a Metaverse platform. The latest move is part of a collaborative effort where BlockchainSpace plans to connect large numbers of alliances and players to the virtual world created by The Sandbox.

The sandbox shakes hands with BlockchainSpace

BlockchainSpace calls itself the “Metaverse Alliance Hub” and provides the infrastructure and technology. With this partnership, the team behind the Metaverse platform will provide 2,600 alliances and 680,000 players with access to the evolving virtual world of The Sandbox. According to the announcement, BlockchainSpace’s alliance infrastructure enables interactive tracking and player connections through a global network.

This is not the first time the two companies have worked together. Previously, The Sandbox and BlockchainSpace joined forces to expand the Filipino community and, among other things, to set up NFT voxel art competitions.

Aside from the purpose of introducing more alliances and players to the The Sandbox ecosystem, the press release adds:

“It also adds value to BlockhainSpace’s infrastructure and alliance network, as well as the ability to scale into projects at The Sandbox level. The expansion of the community for NFT games is an important aspect in building and increasing the attractiveness of Metaverse. “

At press time, The Sandbox’s native token, SAND, is up over 1% in price and is trading at $ 5.34.

Source: TradingView

The sandbox and the metaverse

In November, The Sandbox, a subsidiary of Hong Kong-based Animoca Brands, raised $ 93 million in a financing round led by SoftBank’s Vision Fund 2. Other investors such as Animoca Brands, Samsung Next, True Global Ventures, Polygon Studios, Liberty City Ventures also took part in this round.

The sandbox has seen significant uptake this year, especially as the NFT boom and subsequent capital inflows into the sector have helped the platform grow. The results so far come from well-known partners such as Snoop Dogg, CryptoKitties, The Smurfs, Care Bears and others.

Plus, the latest partnership comes just a day after Adrian Cheng, CEO of Hong Kong real estate giant New World Development, announced the discovery of Metaverse and plans to invest in the blockchain gaming platform. The real estate mogul also announced its intention to acquire one of its largest digital properties.

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