In order to facilitate trading, Binance will list Sandbox (SAND), the exchange declared today. According to Binance, deposits for SAND are now open in anticipation of trading in SAND/USD and SAND/USDT. When trading goes live tomorrow, withdrawals will be permitted.
In the virtual world known as The Sandbox, users can create, control, and make money from their gaming activities using non-fungible tokens (NFTs) and SAND, the platform’s utility token. According to Binance, The Sandbox features its own metaverse where users can develop, share, and monetize their assets and game experiences.
SAND can also be used to buy digital property within its ecosystem. SAND is currently trading at $0.8451 and has a $1,267,745,533 market cap. With the most recent announcement of it being added to the Binance exchange, the coin will probably experience a decent increase. One of the largest cryptocurrency exchange platforms on the planet is Binance.
Sandbox reaches heights with DBS bank
In September, the massive banking conglomerate DBS of Singapore declared a partnership with The Sandbox, a metaverse platform. The joint venture intends to create new virtual world services for DBS customers. The bank will buy a three-by-three-foot patch of land to create DBS BetterWorld, an exclusive metaverse property. DBS BetterWorld will highlight the significance of creating a more improved and sustainable planet.
Sebastien Borge, the co-founder of The Sandbox, welcomed DBS to the metaverse and to their collaboration in building a SingaporeVerse. The SingaporeVerse is an effort to introduce Singaporean culture to the metaverse. It will be a neighborhood that adheres to the Singaporean way of life while being interesting, equitable, and inclusive.
In July, The Sandbox saw a significant growth spurt. With the successful migration of its smart contract to Layer 2 of Polygon’s network, both LAND and SAND are now entirely supported. Its price did increase as soon as that news broke, and it might do so again in the days to come.