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Sandbox price displayed a 30% surge earlier this month, leading a pack of tokens tied to the metaverse to continue driving restoration in the distressed crypto market. The Sandbox is a digital world running on a blockchain to provide a platform where gamers can earn money from their in-game experiences. Skilled gamers can go as far as developing digital property such as celebrity-backed NFTs, present them to the market, and integrate them into online games.
The Sandbox has been very active despite the bear market, making the metaverse a popular alternative for monetary establishments to venture into. The Sandbox recently brought KEB Hana Financial institution to launch the Ok-verse and LOTTE WORLD, South Korea’s largest amusement park.
The most recent development in the metaverse is the onboarding of Playboy with Sandbox. The Sandbox communicated the news through a tweet to announce the partnership, citing their joint commitment to “create a Playboy MetaMansion social game inside The Sandbox with NFT collectibles and special experiences for the Rabibittar Playboy NFTs community. “ These are some motivators to buy the Sandbox.
Anybunny home? 🐰👀🏘 We're teaming up with none other than…. @playboy! 👯♀️
Together, we will be creating a Playboy MetaMansion social game inside #TheSandbox with #NFT collectibles & special experiences for the Rabbitar @PlayboyNFTs community! pic.twitter.com/3l6Wq6ncvt
— The Sandbox (@TheSandboxGame) July 11, 2022
Playboy Win
Playboy has launched a virtual version of itself in the form of MetaMansion. The American men’s lifestyle and entertainment brand will have an iconic Playboy mansion in the metaverse. The MetaMansion will feature various events, including gaming, social, and programmed while exploring a future with NFTs and NFT land projects.
So far, Playboy has demonstrated notable success in achieving up to $12 million in NFT sales in 2021 alone. Stepping into the metaverse, the American lifestyle and entertainment brand ropes in Web3 developers and artists to leverage the growing digital world of entertainment. The development is not new as the company has history-making advancements in the virtual world, such as going live with the virtual art gallery and the “Rabbitars” NFTs last year.
According to Sébastien Borget, Co-Founder and COO of Sandbox, the partnership introduces a unique vision of beauty to the metaverse. With the collaboration, the lifestyle and entertainment brand will be able to interact with a new metaverse-native generation in The Sandbox, tapping from their history and art on a platform defined by global digital culture unity.
Where next for The Sandbox?
The Sandbox value remains steadfast despite the market crash, providing a gateway for folks to experience Web3, which explains why institutions and brands are interested in the trend. Although The Sandbox price has reduced, the difference is not as “alarming” as what is seen in other tokens enduring the market collapse.
According to data from CoinGecko, SAND price has decreased by a minor 1% over the past two months, with a buying and selling average score of $1.12 at the time of this writing. Even so, SAND remains the second-largest metaverse crypto with up to $1.45 billion in market capitalization.
The Sandbox Price prediction
The SAND price staged a 5% pullback from the resistance at $1.07 (blue line), which plunged to the flipped support at $1.03. Nonetheless, the SAND price displayed a notable downtrend before correcting on July 12, with a 6% pullback to where it is currently trading at $1.15.
SAND/USD chart
The RSI value is at 51.48, indicating that the SAND market is bullish. The Stochastic chart reads 50.94, sending a buy signal. If bulls sustained the price with increased buying there could be a possibility of breaching the $1.13 neckline, which offers the opportunity to recover. If buyers can complete the wave pattern formation, SAND/USD market prices will breach the 50-day SMA on the bullish breakout to potentially surpass the $1.28 mark (red).
The reverse is true; should the bullish breakout fail to surpass the 50-day SMA, there will be a fallout towards the psychological level at $1. This outcome would see investors battle a fallout rally to reach the bottom support at $0.73.
Is it too late to invest in SAND? Metaverse cryptos have been gaining traction since Facebook rebranded to Meta in September 2021, but some investors might prefer a new presale – IBAT, the native token of Battle Infinity, an NFT-based metaverse game.
The blockchain company launched its presale on Monday with a hard cap of 16,500 BNB.
Battle Infinity is focusing on fantasy sports, where players create teams and join battles with others users get top ranking positions in their leagues, at the beginning. The revenue source for Battle Infinity is transparent since users of the platform are set to earn from a stake pool.
Battle Infinity brings fantasy sports Play-to-Earn (P2E) games will bring more gamers in board and widen the development scope for metaverse space.
It is easy to participate in the metaverse today. All you have to do is to load up your MetaMask wallet with BNB, connect and buy yourself some IBAT tokens. After setting up and funding your MetaMask digital wallet, you can buy as little as 0.1 BNB worth of our IBAT token or as much as 500 BNB.
Built on the Binance Smart Chain (BSC), the project is using a fixed BNB/USD exchange rate of $250; meaning the ecosystem’s IBAT token is being offered for sale at $0.0015.
If you want to participate in the IBAT presale, it is worth noting that there are only 90 days from July 11 to get onboard.
With such positive news from the industry, the value of The Sandbox should continue to grow, given the efforts put in by the developers of the Metaverse protocol and partners supporting it.
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