The Sandbox, a decentralized metaverse platform and colossal crypto gaming division of Animoca Brands, has teamed up with two prestigious universities to provide metaverse research for its upcoming Mega City 3 game. Before the end of this month, The Sandbox plans to release the eagerly anticipated Mega City 3, which will concentrate on education.
Launch of a Virtual Campus by HKUST and HKDI in the Sandbox Mega City
The metaverse platform acknowledged its collaboration with the Hong Kong University of Science and Technology (HKUST) and Hong Kong Design Institute (HKDI) to inform people about the metaverse in a blog post on April 6. During a signing ceremony on Tuesday at HKDI in Tseng Kwan, the two higher education institutions and Sandbox signed the agreement of understanding.
Before the end of this month, The Sandbox plans to release its much awaited Mega City 3 that will include a variety of virtual amenities including Web3 University, banks, marketplaces, and more. As part of the new integration, schools will use newly acquired virtual land to teach kids about the metaverse.
The company claims that universities would provide gaming opportunities as well as virtual graduation ceremonies for HKDI and HKUST. With students from the two higher schools, The Sandbox will also hold online lectures and workshops. Sebastien Borget, the chief operations officer, made the following statement about the collaboration:
“We’re a platform that provides a lot of creative possibilities. Connecting with some of those major institutions that are educating about design or technology … and recognize The Sandbox as the tool for that purpose is, in our opinion, significant and proves the forward-thinking aspect of Hong Kong versus other regions of the world.”
The Sandbox Market Health
Despite the recent hoopla surrounding the metaverse and non-fungible token (NFT), The Sandbox is still the top virtual land platform. The virtual platform, which has more than 23,500 landowners, 4.6 million customers, and more than 400 partners globally, has shown to be extremely resilient during the weak market era.
In contrast to the rest of the IT sector, The Sandbox has maintained efficiency during the crypto winter. However, according to CoinGecko, the floor price of the company’s native token, Land NFTs, has decreased by 84% from a peak of 3.9 ETH in February 2022 to about 0.62 ETH ($1,130).
