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Empowering Web3 with data driven insights. Research by Digital Asset Team @animocabrands

Feb 8, 2023, 7 tweets

What's more exciting than waking up to news of big partnerships and collaborations from @TheSandboxGame, an @animocabrands company!

A 🧵 on what went down over the past 24 hours with #sandbox and #SaudiArabia:

1/ Saudi Arabia Enters the Metaverse Through #sandbox

@TheSandboxGame just announced an MOU with the Saudi Arabia Digital Government Authority.

This is days after Saudi's announcement of their own initiative to design a $500bn city shaped by the metaverse.

This is a big deal!

2/ Join the Web3 Rope

Sandbox also announced their partnership with @ZeptoLab, creators of @Cut_The_Rope, @CATStheGame, @kingthieves & @bulletecho.

With their LAND, @OmNomWeb3 Cafe sets the stage for a challenging arcade management game & builds upon Om Nom's dive into Web3.

3/ Utility = Value

Following these announcements, $SAND price increased 25% with trading volumes showing 3x of the token’s 7d avg. volume.

4/ $SAND & LAND

Historically, Sandbox LAND's prices have been highly correlated with $SAND's token price. However, recently $SAND has outperformed with its price going up over 25% while the NFT price has only risen 5%. Potential for LAND to catch up? 🤔

5/ Animoca and Sandbox in the Middle East IRL

We also just got words that top @animocabrands executives have all gathered in the Middle East including @ysiu @JIQQYJONES @alanlau999 @viewfromhk 👀 So, more news to come?

6/ In conclusion...we're excited that one of the most strategically important and forward thinking nation-state has decided to partner with @TheSandboxGame

Disclosure: Animoca Brands is a majority shareholder of The Sandbox.

Thread by: @adrianchli @Obsid1an_ @HugeMistake_eth

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