The Sandbox, Animoca Brands‘ blockchain-based virtual world, has announced that the firm has established multiple partnerships in Hong Kong and is creating a “Mega City” in the metaverse. Hong Kong tycoon Adrian Cheng, professional services firm PWC Hong Kong, and actress and model Shu Qi bought land in The Sandbox to build Mega-City.
Blockchain projects like Decentraland and The Sandbox have seen significant demand in recent years as Web3, NFTs, and metaverse hype have grown exponentially. The Sandbox, a blockchain metaverse powered by non-fungible tokens (NFTs) and Animoca Brands, announced the launch of a “Mega City” on Wednesday.
According to the announcement, the firm has made various partnerships in Hong Kong, and the metaverse region will become a “new cultural hub.” Sandbox reports that it partnered with the renowned Hong Kong businessman Adrian Cheng, founder of K11 and executive director of Chow Tai Fook jewellery company.
This blockchain-based virtual world will feature Cheng’s XL Estate (24 x 24 LANDs), an innovation hub for Mega-City. Another landmark is the GBA Pavilion, which showcases “creativity and technology wonders.”
Cheng’s GBA Companies will provide exclusive NFT experiences in addition to entertainment. Stars like director Stephen Fung and actress Shu Qi plan to showcase their NFTs. “The Sandbox aims to create a district of Mega-City that will showcase their talents and love for art and culture,” reads an announcement.
Metaverse fans and The Sandbox users will also have the opportunity to acquire land adjacent to Mega-City. The Sandbox announced a land sale in the region.
Mega City’s blockchain virtual world announcement explains: Players will be able to purchase choices spots near the LANDs of the new partners in a special LAND sale starting January 13, 2022, celebrating the announcement of the new partners.
Blockchain firm joins forces with 165 partners:
The native token Sandbox (SAND) has shed more than 7% of its value this week but has gained 6% over the last two weeks. Since 2009, SAND has increased by 13,785% against the U.S. dollar. SAND currently has a market valuation of around $5 billion and a global trade volume of $672 million.
According to statistics, The Sandbox Marketplace ranks 25 worldwide among the top NFT marketplaces, with sales totalling $15.94 million over the past year. The Sandbox virtual world map shows its new estates in connection with its upcoming land sale details.
In addition to premium land, Sandbox says it will also offer exclusive NFTs and event space. Today, The Sandbox claims to have acquired 165 partners, including the South China Morning Post, PWC Hong Hong, The Smurfs, Care Bears, Atari, Cryptokitties, Adidas, Snoop Dogg, and The Walking Dead.
