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Earlier this month, the price of The Sandbox surged by 30%, driving a group of Metaverse-related tokens to continue to drive the recovery of the troubled crypto market. The Sandbox is a digital world running on the blockchain that provides players with a platform to earn money in-game. Skilled players can even develop digital properties, such as celebrity-backed NFTs, and present them to the market and integrate them into online games.
Despite the bear market, the Sandbox has been very active, making the Metaverse a popular choice for financial institutions to enter. The Sandbox recently brought on KEB Hana Bank, launched Ok-verse, and South Korea’s largest theme park, Lotte World.
The latest development in the metaverse is Playboy’s partnership with The Sandbox. The Sandbox announced the news via a tweet, announcing the partnership, saying that the two parties are working together to “create a Playboy MetaMansion social game within The Sandbox, providing NFT collectibles and special experiences to the Rabibittar Playboy NFT community.” These are some of the incentives to buy into The Sandbox.
Rabbit House? We're partnering with... @playboy! ♀️Together, we're creating a Playboy MetaMansion social game in #TheSandbox, offering #NFT collectibles and special experiences to the Rabbitar @PlayboyNFTs community! pic.twitter.com/3l6Wq6ncvt
— The Sandbox (@TheSandboxGame) July 11, 2022
Playboy Victory
Playboy has launched a virtual version of MetaMansion. The American men’s lifestyle and entertainment brand will have an iconic Playboy mansion in the Metaverse. MetaMansion will showcase a variety of activities including gaming, socializing, and programming while exploring a future filled with NFTs and NFT land projects.
So far, Playboy has achieved remarkable success in 2021, with a whopping $12 million from NFT sales alone. Entering the metaverse, the American lifestyle and entertainment brand is wooing Web3 developers and artists to tap into the growing world of digital entertainment. The development is not new, as the company has a record of advancements in the virtual world, such as the launch of virtual art galleries and "Rabbitars" NFTs last year.
According to Sébastien Borget, co-founder and COO of The Sandbox, the partnership will bring a unique aesthetic vision to the Metaverse. Through this partnership, the lifestyle and entertainment brand will be able to engage with a new generation of Metaverse users in The Sandbox, leveraging a platform that unifies global digital culture to bring their history and art to life.
What is the future of sandboxes?
Despite the market crash, the Sandbox’s value has remained stable, providing an entry point for people to experience Web3, which explains why institutions and brands are interested in this trend. Although the Sandbox’s price has dropped, the difference is not “worrying” compared to other tokens that have experienced the market crash.
According to Coingecko data, SAND prices have only fallen by 1% in the past two months, and the current average buy-sell score is $1.12. Even so, SAND is still the second-largest metaverse cryptocurrency with a market capitalization of $1.45 billion.
Sandbox Price Prediction
The SAND price pulled back 5% from the resistance level of $1.07 (blue line) to the support level of $1.03. However, the SAND price showed a clear downward trend on July 12, pulling back 6% and currently trading at $1.15.
SAND/USD Chart
The RSI value is 51.48, indicating a bullish trend for the SAND market. The Stochastic chart reading is 50.94, sending a buy signal. If the bulls sustain the price by increasing buying, a breakout above the $1.13 neckline is likely, allowing for a possible recovery. If the buyers can complete the wave pattern formation, the SAND/USD market price will break above the 50-day simple moving average, potentially above the $1.28 mark (red).
Conversely, if the bulls fail to breakout above the 50-day simple moving average, a pullback to the psychological support level of $1 will be in the cards. Such an outcome will lead investors to fight a pullback rally to reach the bottom support level of $0.73.
Is it too late to invest in SAND now? Metaverse cryptocurrencies have been gaining attention since Facebook rebranded to Meta in September 2021, but some investors may prefer a new pre-sale project - IBAT, the native token of Battle Infinity, an NFT-based metaverse game.
The blockchain company launched its presale on Monday with a hard cap of 16,500 BNB.
Battle Infinity focuses on fantasy sports, where players create teams and compete with other users to get the top spots in the league. Battle Infinity's revenue source is transparent, as users of the platform will receive revenue from a share pool.
The fantasy sports games launched by Battle Infinity will attract more players to join and expand the scope of the development of the metaverse space.
It's very easy to participate in the Metaverse today. You just need to load your MetaMask wallet with BNB, connect and buy some IBAT tokens. After setting up and funding your MetaMask digital wallet, you can buy IBAT tokens ranging from 0.1 BNB to 500 BNB.
The project is built on the Binance Smart Chain (BSC) and uses a fixed BNB/USD exchange rate of $250; this means that the ecosystem’s IBAT token is sold at $0.0015.
If you want to participate in the IBAT presale, it’s worth noting that you only have 90 days from July 11th to join.
With positive news in the industry, the value of the Sandbox should continue to grow, thanks to the efforts of the Metaverse Protocol developers and the partners supporting it.
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