The Sandbox Establishes Partnership With Saudi Arabia Government, SAND Crypto Prices Immediately Rise!

SAND coin prices are rising. (Photo; Doc. Khooboo)

JAKARTA - The Sandbox Company and the Saudi Arabian Digital Authority are working together to advance the Metaverse industry. This collaboration made the price of the Sandbox platform's SAND token increase to 0.91 US dollars, a 27 percent increase from the previous price. Co-Founder of Sandbox, Sebastien Borget, announced the partnership via LinkedIn and Twitter.

Borget said that both parties will work together to explore and advance the Metaverse industry. This partnership will provide advice and support for Metaverse activation and is expected to fuel developments in this area.

Industry players and investors also seem very enthusiastic about this collaboration, as evidenced by the increase in the SAND token price after the announcement of the partnership.

"It was an honor for us to sign the MOU partnership ceremony between @TheSandboxGame and the Saudi Arabian Digital Government Authority (DGA) during the #LEAP 2023 conference, and we look forward to exploring, advising, and supporting each other on Metaverse activations," wrote Sebastien Borget (@borgetsebastien), February 7, 2023, in his Twitter post.

This news shows a high increase in interest in The Sandbox ecosystem, especially for metaverse platforms. Information only, The Sandbox is a gaming platform that combines blockchain technology with the game world.

In this platform, users can buy, sell and exchange their unique and verified game assets via the blockchain. SAND Coin is the main currency in The Sandbox ecosystem and is used as a means of payment for transactions within the platform, such as buying game assets or paying transaction fees.