The Sandbox native token, SAND, jumped from eight-month lows following Friday\u2019s announcement of a collaboration between the metaverse and Lionsgate Studios.<\/p>\n
As a result of the news, SAND surged as high as 20% to $0.9715, before reversing course to trade at $0.8647. The move helped SAND overcome a seven-day losing run\u00a0in the face of gloom\u00a0in the bear market.<\/p>\n
Lionsgate is one of the biggest private studios in the United States, and it owns Rambo, Hellboy, and The Expendables, all of which will soon be featured in The Sandbox.<\/p>\n
all hell breaks loose. lionsgate has entered @thesandboxgame pic.twitter.com\/c1QcA2x3Y6<\/p>\n
\u2014 Lionsgate (@Lionsgate) June 15, 2022<\/p>\n\n
Suggested Reading |\u00a0Bitcoin At $20K Could Be \u2018New Bottom,\u2019 Commodity Expert Suggests, And Here\u2019s Why<\/p>\n
The Sandbox (SAND) Soars 3.78%<\/p>\n
At the time of writing, SAND was trading at 0.873, up 3.78 percent from its daily high of $0.9753. The 24-hour trading volume on the Sandbox was $269.75 million.<\/p>\n
As of Friday, the circulating supply of SAND is 1.25 billion and the maximum supply is 3 billion.<\/p>\n
Based on their increased production in the horror and action domains, the metaverse has devised a comprehensive transition plan, and Lionsgate will contribute to adapting its characters and captivating stories to web3-compatible platforms.<\/p>\n
The Sandbox is a play-to-earn blockchain game that enables users to create a digital world on the Ethereum blockchain using non-fungible tokens.<\/p>\n
The Sandbox allows players to create their own avatars to access the different games and destinations available. On the blockchain, it is the DeFi version of Minecraft.<\/p>\n\n
Lionsgate is one of the biggest private entertainment studios in the United States. Image: Deadline.<\/p>\n
SAND is an ERC20 utility token that enables the purchase and sale of LANDS and ASSETS within The Sandbox\u2019s metaverse. It is also The Sandbox DAO\u2019s governance token.<\/p>\n
The Sandbox Guns For Over $4 Billion Valuation<\/p>\n
The Sandbox, which is owned by blockchain gaming behemoth Animoca Brands, reportedly seeks to attract funds at a valuation of more than $4 billion.<\/p>\n
The Sandbox reports that this deal will make Lionsgate the first major Hollywood studio to enter the metaverse.<\/p>\n
This will not be The Sandbox\u2019s first significant partnership, as it has already hosted material from Snoop Dogg, The Smurfs, and Adidas and sold LAND to financial institutions such as HSBC.<\/p>\n\n
SAND total market cap at $1.06 billion on the daily chart | Source: TradingView.com
\nCrypto & Metaverse Going Stronger Despite Market Turmoil<\/p>\n
Lionsgate\u2019s Executive Vice President and Global Head of Live, Interactive, and Location-Based Entertainment, Jenefer Brown, commented on the innovative partnership:<\/p>\n
\u201cWe\u2019re thrilled by the new possibilities our strategic relationship with The Sandbox will offer our community.\u201d<\/p>\n
The bulk of cryptocurrencies have not been left behind as crypto markets continue to undergo a precipitous downturn.<\/p>\n
In fact, cryptocurrencies with metaverse support, such as The Sandbox and Decentraland, have been in a stronger position as Metaverse and NFTs continue to gain popularity.<\/p>\n
Suggested Reading |\u00a0Ethereum Drops Below $950 On Uniswap Overnight \u2013 Here\u2019s Why<\/p>\n
Featured image from Actu Crypto.info, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The Sandbox native token, SAND, jumped from eight-month lows following Friday\u2019s announcement of a collaboration between the metaverse and Lionsgate Studios.<\/p>\n
As a result of the news, SAND surged as high as 20% to $0.9715, before reversing course to trade at $0.8647. The move helped SAND overcome a seven-day losing run\u00a0in the face of gloom\u00a0in the bear market.<\/p>\n
Lionsgate is one of the biggest private studios in the United States, and it owns Rambo, Hellboy, and The Expendables, all of which will soon be featured in The Sandbox.<\/p>\n
all hell breaks loose. lionsgate has entered @thesandboxgame pic.twitter.com\/c1QcA2x3Y6<\/p>\n
\u2014 Lionsgate (@Lionsgate) June 15, 2022<\/p>\n
Suggested Reading |\u00a0Bitcoin At $20K Could Be \u2018New Bottom,\u2019 Commodity Expert Suggests, And Here\u2019s Why<\/p>\n
The Sandbox (SAND) Soars 3.78%<\/p>\n
At the time of writing, SAND was trading at 0.873, up 3.78 percent from its daily high of $0.9753. The 24-hour trading volume on the Sandbox was $269.75 million.<\/p>\n
As of Friday, the circulating supply of SAND is 1.25 billion and the maximum supply is 3 billion.<\/p>\n
Based on their increased production in the horror and action domains, the metaverse has devised a comprehensive transition plan, and Lionsgate will contribute to adapting its characters and captivating stories to web3-compatible platforms.<\/p>\n
The Sandbox is a play-to-earn blockchain game that enables users to create a digital world on the Ethereum blockchain using non-fungible tokens.<\/p>\n
The Sandbox allows players to create their own avatars to access the different games and destinations available. On the blockchain, it is the DeFi version of Minecraft.<\/p>\n
Lionsgate is one of the biggest private entertainment studios in the United States. Image: Deadline.<\/p>\n
SAND is an ERC20 utility token that enables the purchase and sale of LANDS and ASSETS within The Sandbox\u2019s metaverse. It is also The Sandbox DAO\u2019s governance token.<\/p>\n
The Sandbox Guns For Over $4 Billion Valuation<\/p>\n
The Sandbox, which is owned by blockchain gaming behemoth Animoca Brands, reportedly seeks to attract funds at a valuation of more than $4 billion.<\/p>\n
The Sandbox reports that this deal will make Lionsgate the first major Hollywood studio to enter the metaverse.<\/p>\n
This will not be The Sandbox\u2019s first significant partnership, as it has already hosted material from Snoop Dogg, The Smurfs, and Adidas and sold LAND to financial institutions such as HSBC.<\/p>\n
SAND total market cap at $1.06 billion on the daily chart | Source: TradingView.com
\nCrypto & Metaverse Going Stronger Despite Market Turmoil<\/p>\n
Lionsgate\u2019s Executive Vice President and Global Head of Live, Interactive, and Location-Based Entertainment, Jenefer Brown, commented on the innovative partnership:<\/p>\n
\u201cWe\u2019re thrilled by the new possibilities our strategic relationship with The Sandbox will offer our community.\u201d<\/p>\n
The bulk of cryptocurrencies have not been left behind as crypto markets continue to undergo a precipitous downturn.<\/p>\n
In fact, cryptocurrencies with metaverse support, such as The Sandbox and Decentraland, have been in a stronger position as Metaverse and NFTs continue to gain popularity.<\/p>\n
Suggested Reading |\u00a0Ethereum Drops Below $950 On Uniswap Overnight \u2013 Here\u2019s Why<\/p>\n
Featured image from Actu Crypto.info, chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-1429","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/1429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=1429"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/1429\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=1429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=1429"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=1429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}