the sandbox partners with playboy

Ever since Facebook announced its vision to create a virtual realm in which people could interact, play, learn, and meet, most of the projects in this up-and-coming space started to attract significant interest from both investors and early adopters.

The Sandbox is a decentralized metaverse that allows developers to be compensated for creating the most amazing experiences online and its native token – SAND – is used to make transactions within the ecosystem.

Just a few days ago, the project announced that it will be partnering with Playboy to create a virtual version of their iconic mansion. Users will be able to visit the location by purchasing a non-fungible token (NFT) that will give them access to the premises.

This is yet another example of how brands and companies can use the metaverse to further engage with their key audiences and The Sandbox is already proving that it can provide the perfect landscape for such experiences to be developed.

“We’re thrilled to work with The Sandbox and its best-in-class design and development team to build a premium, customized Playboy gaming and social experience in the metaverse”, stated Rachel Webber, Playboy’s Chief Brand & Strategy Officer in regards to the initiative.

To create these experiences, a developer needs to buy parcels of virtual land within The Sandbox ecosystem. This can be done by purchasing LAND – an NFT that gives the holder ownership over a pre-defined location.

LAND can be purchased by using SAND tokens and transactions within The Sandbox marketplace are also settled by using the project’s native token. Therefore, if interest in the metaverse from both companies and users increases, so will the demand for SAND.

The Metaverse: A Trillion-Dollar Industry in the Making

In a recent report, the well-known global consulting firm McKinsey & Company estimated that the metaverse could generate revenues of up to $5 trillion in the next 5 years. According to the researchers, companies have already invested over $100 billion this year alone in the development of this virtual realm and that is evidence that they recognize the value and potential of this industry.

The Sandbox was mentioned by McKinsey as one of the companies that are innovating in the so-called web3 metaverse. This has probably raised awareness among institutional investors and may help keep The Sandbox in the crosshairs of venture capitalists and firms who would like to dip their toes into this initiative soon.

With capital already flowing its way to metaverse projects, revenues may soon follow and that could give the SAND token a short-term boost once macroeconomic and geopolitical matters step out of the spotlight.

The Sandbox Price Prediction (2022)

the sandbox price prediction 2022
SAND/USDT (BINANCE) price chart – Source: TradingView

Since the year started, the value of SAND has declined over 80% as some tectonic shifts have been occurring in the financial markets as a whole amid some drastic changes in the macroeconomic backdrop.

As a result, the market capitalization of The Sandbox (SAND) has dropped to around $1.5 billion despite its attractiveness as a long-term investment in an industry with so much untapped value.

From a technical perspective, the $0.65 threshold has been a crucial area of support for SAND recently but the price action has remained relatively range-bound as it has failed to move above the $1.5 level on multiple occasions as well.

Momentum indicators are not sending a clear buy or sell signal as the Relative Strength Index (RSI) has been fluctuating wildly while the MACD is on an uptrend but has not distanced itself enough from the signal line to justify a bullish near-term outlook.

Moving forward, a break above the $1.5 level may confirm a positive short-term outlook if it is accompanied by an uptrend in momentum indicators. However, macroeconomic conditions will continue to be the most influential factor on SAND’s price action as further interest rate hikes and other hawkish measures from central banks could derail any well-intended rally at any given point.

According to estimations from Wallet Investor, the short-term outlook for SAND is bullish, with this provider’s baseline Sandbox price prediction currently sitting at $1.29 per coin for the next 14 days.

Meanwhile, the baseline prediction from another algorithm-based forecasting service – Gov.Capital – is also outlining a positive Sandbox price prediction for SAND as the price is expected to rise to $1.6 per coin within that same period.

Upside potential in the crypto market is rare these days amid the latest turmoil. However, some projects like Battle Infinity and its native token IBAT may still be attractive as they might be considered hidden gems that may be about to be discovered by a large number of investors once they hit the exchanges. Find out more about Battle Infinity (IBAT) in the project’s official Telegram group.

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