Metaverse platform The Sandbox can't get enough of new partnerships. While the platform aims to expand its field of activity with these partnership initiatives, the latest partnership agreement has been made with Warner Music Group, one of the largest music businesses in the world, consisting of hundreds of top artists and labels.
Aiming to open the doors of a music-themed virtual world with this contract signed with Warner Music Group (WMG), Sandbox stated in an announcement made on January 27 that Warner entered the NFTs and Metaverse realms for the first time.
"Join us in welcoming none other than... @warnermusic to The Sandbox!
Their LAND will be the first of its kind in the #Metaverse which will feature live concerts & music experiences from WMG's huge roster of musical talent!"
Warner Music Group Digital Director, Oana Ruxandra, says the firm will develop enduring, immersive social music experiences in its newly acquired Metaverse slice, challenging real-world limitations and allowing artists and fans to interact like never before.
The Sandbox also announced the launch of a $50 million accelerator program in partnership with parent company Animoca Brands and venture firm Brinc.
The Sandbox Metaverse Accelerator Program is scheduled to be launched in the second quarter of 2022. In the next three years, it was stated that an investment of $250,000 will be made for 100 projects under development.
On the other hand, the project's native token SAND is trading at $3.36, down 56% from its ATH on November 25.
The Sandbox Price and Market Data
The Sandbox price today is $3.40 with a 24-hour trading volume of $1,155,926,412. The price has decreased by -2.9% in the last 24 hours. There is a circulating supply of 930 Million SAND coins, with a total supply of 3 Billion coins. Binance is currently the most active market where this is traded.
The Sandbox is a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain. SAND is the utility token used throughout The Sandbox ecosystem as the basis of transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain.