SAND Gains Nearly 20% Following Tech Giants' Metaverse Announcement

Depricated as of Oct 2022

Some CRYPKYP functionalities are depricated as of October 2022 and will no longer be populated until further development and future version.
Although all here is visible and interactable you can not Contribute to those articles.
Try looking at other information on the Platform and Contributing there!

Have a great day,

SAND Gains Nearly 20% Following Tech Giants’ Metaverse Announcement

SAND Gains Nearly 20% Following Tech Giants' Metaverse Announcement
Market increase. Image: Shutterstock
Source: Decrypt
1656239685 26 Jun / 10:34

Just days after significant giants like Meta and Microsoft announced the launch of the Metaverse Standards Forum, The Sandbox's SAND token increased by about 20 percent.

According to statistics from CoinMarketCap, SAND gained 19% in the previous 24 hours, reaching $1.31 at the time of writing. Similarly, Decentraland's MANA token increased by about 9 percent to $1.02 within the same period.

The Sandbox and Decentraland are Ethereum-based games in which users may purchase virtual land plots, often for millions of dollars, and each game stands to gain immensely if the metaverse, an immersive NFT-based future internet, develops as prophesied by many.

According to speculations, each might potentially be a takeover target for a well-established tech firm.

Sebastien Borget, co-founder and chief operating officer of The Sandbox, stated today, and not for the first time: No.

The declared objective of the Metaverse Standards Forum unveiled on Tuesday and including Alibaba and Sony, is to encourage coordination and collaboration among the hundreds of corporations striving to create a presence in whatever the metaverse becomes.

Many Web3 community members remain dubious. Danny Greene, general manager of Meebits DAO, told Decrypt, “At the end of the day, we’re fighting for a decentralized future, and these are corporations that are representing shareholders.”

Yat Siu, founder and executive chairman of Animoca Brands, a $5 billion software and venture capital company responsible for multiple metaverse ventures, including The Sandbox, has previously referred to Meta’s goals as “digital colonialism.”

Last News and Media
CRYPKYP contain links to third-party websites, resources, and advertisers. CRYPKYP does not control, sponsor, recommend or otherwise accept responsibility for any third-party content because we are not responsible for the availability of these outside resources or their contents or privacy practices. It will help if you direct any concerns regarding any third-party content to such a third party. We don't accept responsibility for the content of external websites linked to through the Site or the Services. Third-party content is accessed at the user's own risk. CRYPKYP distributes content from third-party publishers as indicated on the site from time to time mainly in Airdrops, News / Media, Whale Alerts, and Rumors. In these circumstances, CRYPKYP only provides limited stylistic input to the content. CRYPKYP does not verify and takes no responsibility for the accuracy of the content provided by any such third-party publishers.