The Sandbox Joins HKUST And HKDI To Launch Virtual Campus In Mega City 3 Metaverse

Updated: 07 April 2023

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The Sandbox, the decentralized metaverse platform and a crypto gaming behemoth Animoca Brands subsidiary, has partnered with two leading higher education institutions to offer metaverse studies on its upcoming Mega City 3. The Sandbox is set to launch a much-awaited Mega City 3, which will focus on education, before the end of this month.

HKUST & HKDI To Launch Virtual Campus In The Sandbox Mega City

In an April 6 blog post, the metaverse platform confirmed partnering with the Hong Kong University of Science and Technology (HKUST) and Hong Kong Design Institute (HKDI) to educate people about the metaverse. The two higher education institutions signed the memorandum of understanding with Sandbox on Tuesday during a signing ceremony at HKDI in Tseng Kwan.

.@TheSandboxGame, the #metaverse platform owned by #gaming company Animoca Brands, has partnered with the Hong Kong University of Science and Technology (@hkust) and Hong Kong Design Institute (@thehkdi) to join The Sandbox's Mega City 3. The latest Mega City will focus on…

— Animoca Brands (@animocabrands) April 6, 2023

The Sandbox is scheduled to launch its much-anticipated Mega City 3, which will feature different virtual amenities such as Web3 University, banks, marketplaces, and more, before the end of this month. Under the new integration, the schools will use new land purchased in the virtual space to educate students about the metaverse.

According to the firm, higher education schools will offer programs such as virtual graduation ceremonies for HKDI and HKUST and gaming experiences. The Sandbox will also conduct virtual seminars and workshops with students from the two higher schools. While commenting about the partnership, Sebastien Borget, the chief operating officer, remarked:

“We’re a platform that provides a lot of creative possibilities. Connecting with some of those major institutions that are educating about design or technology … and recognize The Sandbox as the tool for that purpose is, in our opinion, significant and proves the forward-thinking aspect of Hong Kong versus other regions of the world.”

The Sandbox Market Health

The Sandbox remains the leading virtual land platform, despite the hype around the metaverse and non-fungible token (NFT) over the past year. The virtual platform, featuring over 23,500 landowners, 4.6 million accounts, and more than 400 partners worldwide, has showcased strong resilience during the bear market period.

During the crypto winter, The Sandbox has remained efficient compared to the rest of the tech industry. Nonetheless, the floor price of its native token, Land NFTs, is down 84% to around 0.62 ETH ($1,130) from a peak of 3.9 ETH in February 2022, according to CoinGecko.