Coinbase, Polygon, And Elvis: Here are the details on The Sandbox Metaverse’s great week.
- The Sandbox’s Great Week
- Future Prospects For The Sandbox Metaverse
The Sandbox’s Great Week
Let’s go! 🎙️ https://t.co/CrlI52fMin
— The Sandbox (@TheSandboxGame) May 26, 2022
It’s been, umm, not so great lately crypto-wise — or anything-wise, if we’re gonna be real. But The Sandbox metaverse seems to be doing just fine with a couple of positive news announcements.
For one, The Sandbox — best described as Minecraft, but crypto — is officially trading on Coinbase, America’s biggest crypto exchange. The Coinbase bump isn’t what it used to be, however, Coinbase is still a very big exchange with a very large retail investor presence.
Impressively, The Sandbox managed to get ahead of Decentraland briefly in the fall of 2021, despite the fact that it wasn’t even trading on Coinbase (Decentraland’s MANA token was already trading on Coinbase by then).
Arguably, getting added to Coinbase wasn’t the biggest news for the metaverse project this week. The Sandbox announced that the King Of Rock and Roll Elvis Presley would be made available to players in avatar form. The Sandbox token SAND shot up 6% on the news. Elvis joins Snoop Dogg as the biggest names in music to have ventured into the Sandbox metaverse.
Future Prospects For The Sandbox Metaverse
We are gradually migrating over to @0xPolygon on Layer 2, which will enable cheaper, greener, and more energy efficient transactions within our ecosystem.TrendingHere’s The Latest On The Terra UST Saga
— The Sandbox (@TheSandboxGame) May 20, 2022
The Sandbox’s future prospects appear to be looking good as well. The ETH-based game is in the process of integrating with Polygon. This is a major step for the game.
The SAND token is primarily used for transactions in The Sandbox metaverse, and the game covers gas fees for players. However, the move to Polygon will make the transaction fees lower, and speed up transactions, which is a must if The Sandbox is to compete with the likes of Minecraft.
Overall, the SAND token is only up 3% on the week, trading in the $1.35 USD range. That’s actually impressive considering how lackluster the last week has been thanks to hawkish minutes that restated previous hawkish comments by The Fed.
Recommended: What Is The Sandbox?