While it represents one of the more unusual reference points for time, since Facebook’s announcement of its name change to ‘Meta’, The Sandbox‘s in-game economy has gone from strength to strength.
How so? Since October 29th, the value of its native token, SAND, has shot up by over 600%.
To put that in perspective for the week, SAND has reached a total market cap of $6.5 billion (at time of publication).
Couple that with the announcement recently that Adidas is walking into the world of NFTs, and an alluded-to partnership with The Sandbox.
To be more specific, the sports manufacturer overtly name-dropped The Sandbox on its Twitter (as opposed to alluding to a partnership) in the below tweet:
Both Sandbox and Adidas have proven themselves pretty adept at building suspense while giving out very few details. But, that’s why we’re seeing SAND’s value jumping up another 25% since both sides made the announcement online.
One of the aspects that is clear from The Sandbox’s tweet is that the partnership involved Adidas buying up a large patch of land within the game’s ecosystem. If Snoop Dogg’s promotional was anything to go by, maybe Adidas is planning something similar in the future?
While SAND saw a massive jump in value, it was by no means the only token to see a new wave of optimism hit its value.
Similar tokens like ENJ, ILU, YGG and DVI have also seen growth of anywhere from 40% to 90%.
Catch up on The Sandbox by watching its trailer here.
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