The Sandbox: crypto winter does not affect the metaverse
The Sandbox: crypto winter does not affect the metaverse
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The Sandbox: crypto winter does not affect the metaverse

By Stefania Stimolo - 24 Jun 2022

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CEO of The Sandbox, Mathieu Nouzareth, explains his view on the metaverse and how it is not being affected by the crypto bear market

Not only that, even the CEO of Meta Platform, Mark Zuckerberg, said he envisions a billion people making hundreds of dollars in the new dimension. 

The Sandbox: the CEO explains how the crypto bear market does not affect the metaverse

The new partnership to bring TIME Square into The Sandbox metaverse

According to reports, The Sandbox CEO Mathieu Nouzareth explained his view on the metaverse and how the bear market trend in cryptocurrencies, the so-called “crypto winter,” does not affect the blockchain game. 

In his interview at the NFT.NYC conference, here is how Nouzareth described his thoughts on the matter:

“The Sandbox hasn’t really been impacted, and the reason I think is because we’re a game, and games are less impacted by a macroeconomic environment,” Mathieu Nouzareth told Insider. “People come because it’s really a ton of fun, anyone can enjoy it. […] I’ve seen five of these [downturns]. But if you keep your head down and focus on building, in two, three years, we will see some massive, amazing companies that will emerge after this”.

Nouzareth, a 27-year-old entrepreneur, noted that, as has been the case before, the bearish trend in crypto has not affected the number of people visiting the metaverse, but rather, it appears that the right users continue to flock to The Sandbox because they are not the ones interested in an easy money-making scheme.

With its celebrated partnerships, The Sandbox aims to become the “Manhattan of the metaverse”, a concentration of exciting brands and artists. 

The Sandbox in partnership with TIMEPieces to create “Time Square” in the metaverse

Recently, The Sandbox announced a partnership with TIMEPieces to create the Time Square location in its metaverse on blockchain, reimagining it as a virtual hub for art and commerce. 

“We’re bringing TIME Square to the #metaverse! A virtual hub for art and commerce curated by @timepieces”.

TIME Square will rise on the grounds of TIME in The Sandbox, while TIMEPieces is reaching out to its vibrant community and metaverse enthusiasts around the world to identify a visionary architect who can recreate and reimagine the destination as a voxel creation.

Not only that, also this week, The Sandbox launched a scavenger hunt together with OVR, dubbed OVER The Reality, the platform that offers a metaverse with geolocated AR

“Have you taken part in our NYC IRL Treasure Hunt with @OVRtheReality yet? What are you waiting for…? #comeonover! Over 7,500 $SAND to be won! It ends tomorrow! Full details can be found below.

A SPECIAL EVENT @ http://NFT.NYC. 1. The @TheSandboxGame + @OVRtheReality have partnered together to launch the @NFT_NYC Treasure Hunt that takes place all OVER Manhattan, New York from June 20 – 24. How to Participate”.

The scavenger hunt involves users downloading the OVER app and starting to collect NFTs from The Sandbox around Manhattan, all in exchange for prizes in SAND

Mark Zuckerberg envisions the metaverse opening a massive economy

CEO of Meta Platform, Mark Zuckerberg, also shared his vision for the metaverse in an interview with CNBC, explaining that he envisions a billion people making hundreds of dollars in the new dimension. 

Here are his words:

“We hope to basically get to around a billion people in the metaverse doing hundreds of dollars of commerce, each buying digital goods, digital content, different things to express themselves, so whether that’s clothing for their avatar or different digital goods for their virtual home or things to decorate their virtual conference room, utilities to be able to be more productive in virtual and augmented reality and across the metaverse overall”.

Experiences in the metaverse can be more immersive than text, photos or videos, which are present on Facebook and Instagram, and thus will be a major theme for Meta in the next decade, Zuckerberg said.

The expectations for Meta’s CEO on the metaverse are very clear. Zuckerberg, in fact, claims that the economy of the metaverse is huge

Recently, Meta joined with Epic Games, Adobe, Microsoft, Sony and many other tech giants to launch the Metaverse Standards Forum to create an interconnected and open system on the metaverse. 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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