![]() We are positioning the Sandbox against those giant tech companies who are claiming the metaverse to be theirs, offering an alternative where users are first," said Borget.Īmid explosive growth for the NFT market, SoftBank has led a series of fundings in NFT-related companies this year. This investment will help fuel the growth of the Sandbox creators' economy as it expands from gaming into fashion, architecture and virtual concerts, Sebastien Borget, chief operating officer and co-founder told Reuters in an interview. Metaverse refers to the idea of a shared virtual platform that people can access through different devices and where they can move through digital environments. The price of the coin has jumped over 200% after Facebook announced it would change its name to Meta Platforms Inc last week, which spiked investor interest in companies that build metaverse gaming experience. The company said it currently owns about 22% of the tokens. ![]() ![]() The company declined to disclose its valuation, but the crypto currency it backs, the Sandbox coin, has a market cap of nearly $2 billion.
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