SAND Gains Almost 20% in Wake of Tech Giants’ Metaverse Announcement

Of the sandbox SAND tokenTechnology companies such as Meta and Microsoft, Metaverse Standard ForumHas increased by almost 20%.

SAND was up 19% to $ 1.31 in the last 24 hours at the time of writing this article. data Compiled by CoinMarketCap. Similarly, in the same span, Decentraland’s MANA tokens increased by almost 9% to $ 1.02.

sandbox And Decentraland is an Ethereum-based game that allows users to purchase virtual lots. For millions of dollars-and, MetaverseThe immersive NFT-based future Internet will thrive in the way many have predicted. Rumors are swirling, as each could be a target for the acquisition of established tech giants.

However, The Sandbox Sebastien Borget co-founder and COO said today: Not the first time:no.

Announced on Tuesday, the goal of the Metaverse Standards Forum, which includes Alibaba and Sony, is to facilitate coordination and collaboration between hundreds of companies working to establish their position, whatever the Metaverse is.

Much of the Web3 community remains skeptical. Danny Greene, General Manager of Meebits DAO, Said Decryption: “At the end of the day, we are fighting for Distributed The future and these are companies that represent shareholders. “

Yat Siu, Founder and Executive Chairman of Animoca Brands, $ 5 billion The company behind software and venture capital Numerous Metaverse projects Formerly known as Meta Ambition, including the sandbox “Digital colonialism.. “