Breaking News
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% Upgrade now

'Our Goal Is To Create A Destination That Will Be The Heart Of The Metaverse': Time Magazine Teams Up With The Sandbox

Cryptocurrency Jun 27, 2022 18:43
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. 'Our Goal Is To Create A Destination That Will Be The Heart Of The Metaverse': Time Magazine Teams Up With The Sandbox
 
SAND/...
+0.61%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
TIME
+0.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

The Sandbox (CRYPTO: SAND) is a metaverse which utilized the SAND cryptocurrency. In 2021 the crypto reached its highest valuation and brought in investments from some incredibly well known celebrities, companies, and investors.

During its bull run, The Sandbox - a metaverse in which you can bull/sell digital real estate - saw its digital properties sell to entities like Binance, Warner Music, and Ubisoft. Celebrities like Snoop Dogg and entrepreneurs like Adrian Cheng have bought plots of digital land.

SAND is currently trading at $1.20, but its all-time high was $8.44 in November 2021. The drop-off has been huge, but not unexpected. Cryptocurrencies of all kinds, NFTs, and seemingly everything involved in that sector has taken a hit. But, recent news is giving SAND owners a reason for optimism.

Also Read: Apple (NASDAQ:AAPL) Mixed Reality Headset Could Feature The Powerful M2 Chip

Time Magazine announced recently that they would be partnering with blockchain-based gaming company The Sandbox to build TIME Square (NYSE:SQ) in the metaverse. This is TIME’s first-ever metaverse destination. However, this is not the publication's first foray into the digital world of NFTs and Cryptocurrency.

The company launched Timepieces, which has four NFT collections, using artwork from over 40 influential artists. TIME’s president, Keith Grossman stated, “Since launching TIMEPieces in September 2021, we have focused on developing a community in Web3 that benefited from the incredible 100-year legacy and access TIME has established.”

It appears The Sandbox, SAND, and TIME all stand to gain should the project of recreating a digital and updated Manhattan go as planned.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

'Our Goal Is To Create A Destination That Will Be The Heart Of The Metaverse': Time Magazine Teams Up With The Sandbox
 

Related Articles

The Pivot Debate & Big OPEC+ Meeting
The Pivot Debate & Big OPEC+ Meeting By Benzinga - Oct 05, 2022

Good Morning Everyone! The stock market is up 3.8% over last 5 days, Bitcoin is back above $20k and Elon Musk is finally, actually, maybe buying Twitter. Nature is healing. Cambiar...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email