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Sandbox Dubai Financial Services Authority Welcomes Firms to Tokenization Initiative

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  • The DFSA has launched a Tokenization Regulatory Sandbox, inviting firms to apply by April 24, 2025.
  • Part of the DFSA’s Innovation Testing License (ITL) program, the sandbox aims to foster fintech growth in Dubai.
  • This move reinforces Dubai’s ambition to lead in blockchain and tokenization, alongside broader UAE crypto adoption.

The Dubai Financial Services Authority (DFSA) has made a major step towards promoting the tokenization industry by calling on businesses to show interest in becoming a member of its Tokenization Regulatory Sandbox. The application deadline expires on April 24, 2025, offering a unique chance for businesses to experiment with tokenized financial services under the umbrella of regulation.

Announced on March 17, the DFSA’s initiative is aimed at firms developing tokenized investment products and services. As an independent regulator overseeing the Dubai International Financial Centre (DIFC), the DFSA seeks to provide a controlled environment where companies can test financial solutions with real-world applications. This sandbox initiative marks a crucial milestone in Dubai’s commitment to digital finance innovation.

Announced on March 17th, the DFSA’s Sandbox initiative focuses on businesses that are building tokenized financial products and services. As an independent regulator of the Dubai International Financial Centre (DIFC), the DFSA’s goal is to provide a sandbox where businesses can test financial solutions with real-world applications. This sandbox initiative marks an important step towards Dubai’s drive towards finance innovation through digitization.

Tokenization, the process by which real-world assets (RWA) are tokenized on blockchains, has expanded at an accelerating pace globally. According to figures supplied by Rwa.xyz, the market value of the RWA tokenization market currently stands at approximately $18.86 billion. The industry has recorded an increase in the number of users by over 5% in the past month alone, a sign that the popularity of blockchain-based financial solutions continues to rise.

What the DFSA’s Sandbox Offers

The sandbox regime shall offer structured testing for entities that are interested in issuing tokenized equities, bonds, sukuk, and units in collective investment schemes. It shall be available to both existing DFSA-authorized entities that are interested in diversification towards tokenization as well as potential new applicants who meet the eligibility criteria as per the regulator.

Applications for the scheme will be available from the 17th of March until April. Companies will be assessed based on their business models, regulation-compliance approaches, and ability to contribute to the system of digital finance during the selection process. The successful applicants will be offered individualized regulatory guidance and structured testing in a controlled environment.

This forms part of the DFSA’s wider Innovation Testing License (ITL) scheme, which exists to assist fintech companies in perfecting their products prior to receiving complete authorization. The action reflects Dubai’s desire to solidify its position as a world leader in the fields of blockchain and tokenization.

The UAE’s Expanding Crypto and Blockchain Ecosystem

Dubai’s commitment to fintech is also evident through new regulatory licenses and accommodating policies towards the blockchain. This month, Ripple received a cross-border payment license, the leading payment provider based on the blockchain to gain regulatory approval within Dubai’s financial center. The approval marks a turning point towards the mainstreaming of payments using the blockchain technology

Aside from Dubai, Abu Dhabi too is advancing on the front of crypto acceptance by incorporating stablecoins in its financial system. The addition of Tether’s USDT for institutions indicates the increased acceptance of digital assets in the financial system of the UAE.

In addition, top players in the space, Coinbase and Chainlink, have joined a cooperative initiative that aims to accelerate the use of crypto in the region on an institutional level. Their collaboration highlights the increasing significance of blockchain technology in changing the conventional finance system.

Related | Today Technical Analysis: XRP Bears in Control? Key Support at $2.10 Faces Intense Pressure 

Sandbox’s Token Unlock Sparks Concerns Amidst Market Volatility

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The cryptocurrency market is no stranger to volatility, and The Sandbox’s upcoming token unlock event seems to be causing ripples of uncertainty. Scheduled for Monday, August 14th, the release of 332 million SAND tokens, valued at $133 million, represents more than 16% of the circulating supply. This move, while anticipated, has sent waves of caution through the market, as token unlocks typically introduce new liquidity that often tilts the balance towards bearish trends.

The impact of SAND’s token unlock might already be evident in its recent price trajectory. The digital asset has experienced a 5.4% drop in the monthly charts and a 5.9% decline over the past two weeks. The token’s journey has been predominantly bearish since February, with only a temporary glimmer of hope in mid-June before succumbing to another bout of negative sentiment in July.

Interestingly, this isn’t the first instance of SAND encountering a price slump ahead of a token unlock. A similar pattern was observed prior to the February token unlock event. Even more telling is the fact that last year’s August airdrop led to a substantial 20% price plunge within just six days following the unlock.

Currently hovering around the $0.45 mark, SAND faces resistance at this level, while enjoying some support at $0.38. A notable aspect is the lack of substantial trading volume around this price point, which sets the stage for potential volatility in the coming days.

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Source: TradingView

Data from IntoTheBlock paints a picture of concern. Notably, large transactions involving SAND have decreased by 4.15%. Given that a significant 90% of SAND tokens are held by large wallets, this trend could serve as a warning signal. Moreover, a staggering 95% of SAND holders find themselves at a loss, while a mere 3% hold positions in profit.

Sandbox’s Proactive Measures: Navigating Token Unlock Impact

The project appears to be taking proactive measures to mitigate the potential shock. Recently, a movement of 60 million SAND tokens from the Sandbox Genesis contract indicated the early stages of the unlocking process. According to Uncle Grumpy, The Sandbox’s Discord Ambassador, this maneuver aims to ease the transition and prevent system-wide turbulence.

The allocation of unlocked tokens is worth analyzing. Half of the released tokens will be directed towards team and company reserves, with an additional $15 million worth of tokens allocated for The Sandbox’s advisors. The remaining tokens are slated for distribution among strategic and seed sales participants, allowing these groups to offload their positions for the first time.

As the countdown to The Sandbox’s token unlock continues, market participants remain on edge, mindful of historical patterns and the potential market impact. The coming days will undoubtedly shed light on whether this event will lead to a bearish extension or if the project’s strategic measures will aid in maintaining stability amidst potential turbulence.

Chiliz (CHZ) And The Sandbox (SAND) Prices Look Bullish, While Collateral Network’s (COLT) 100x Growth Projection Sees Presale Surge

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Since the crypto market is still fragile, whales have pounced upon Collateral Network’s (COLT) presale, which offers a 3500% return. 

Furthermore, Collateral Network (COLT) tokens are forecasted to surge by 100x after their exchange listing. Meanwhile, Chiliz (CHZ) and The Sandbox (SAND) have also gained some ground despite market uncertainty.

>>BUY COLT TOKENS NOW<<

Chiliz (CHZ) Increases Its Market Presence

Popular fan token, Chiliz (CHZ), has gained positive momentum after announcing that it would launch its layer-1 blockchain on May 10. Chiliz (CHZ) announced the news on March 28, and since then, the price movement of the fan token has been northward. 

The upcoming blockchain will help Chiliz (CHZ) to allow reduced fees, shorter block times, and lower energy consumption. Chiliz (CHZ) has witnessed an increase of 16% on the weekly price chart.

As a result, Chiliz (CHZ) is currently trading at $0.14. Besides the news regarding the upcoming layer-1 blockchain, Chiliz (CHZ) has registered an uptick in its trade volume after obtaining a license from the Bank of Spain to operate a crypto exchange in the country. However, experts believe that Chiliz (CHZ) will have to keep its momentum going for many weeks to touch its peak price of $0.89 again. 

>>BUY COLT TOKENS NOW<<

The Sandbox (SAND) Partners With Two Hong Kong Institutions

Amid the declining hype around metaverses, The Sandbox (SAND) has undertaken several new steps to improve its market standing and stay afloat. Recently, The Sandbox (SAND) partnered with Hong Kong’s two higher education institutions – Hong Kong University of Science and Technology, and Hong Kong Design Institute. 

The two institutions will join The Sandbox’s (SAND) Mega City 3, where they will focus on education in the metaverse. Besides, The Sandbox (SAND) has also launched its “April Festival” where players can get a mystery box, and a share in a 1-million SAND rewards pool. 

The Sandbox’s (SAND) “April Festival” will run from April 5 to May 2. These developments have helped The Sandbox (SAND) rise on the price chart. The price of The Sandbox (SAND) has increased by 3% in the past week. Currently, The Sandbox (SAND) is changing hands at $0.65.

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Collateral Network (COLT) Presale Attracts Immense Attention

Collateral Network (COLT) is a Web3-based peer-to-peer crowdlending platform that is disrupting the traditional lending sector. On Collateral Network (COLT), people can borrow money against their physical assets, like luxury cars, real estate, diamonds, gold, fine whiskey, and more. 

Collateral Network (COLT) mints NFTs that are backed 1-to-1 by borrowers’ tangible assets. Investors can fractionally invest in these NFTs to fund loans and receive a fixed interest on their investments. Thus, borrowers can receive money on Collateral Network (COLT) without selling their tangible assets. 

This unique system is set to solve numerous problems with the traditional lending system, such as slow processing times, lengthy credit checks and the inflexibility of traditional institutions with physical assets as collateral.

COLT holders borrowing on Collateral Network can obtain loans at lower interest rates, while those who become lenders on the platform will receive discounts on trading fees. Additionally, COLT holders can enjoy benefits like staking, governance rights and more. The presale price of Collateral Network (COLT) tokens has increased from $0.01 to $0.014. Experts predict that COLT tokens will rise to $0.35 by the end of the presale. Access to the exclusive VIP members club is limited to only presale COLT buyers, so hurry before all tokens are sold out. 

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register 

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk 

Sandbox and Binance.US join forces to trade

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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.

These NFT-featured Tokens Could Produce 10x Before The Year Runs Out: The Sandbox, Flow, and GryffinDAO

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An NFT is a type of data stored on a blockchain-based digital ledger. The NFT may grant licensing rights to utilize certain digital or physical assets, such as pictures, artwork, music, or sports highlights. 

On digital NFT marketplaces or decentralized platforms, an NFT can be bought, sold, or traded. NFTs, unlike cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH), are not mutually interchangeable and are not fungible. 

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These NFT-featured Tokens Could Produce 10x Before The Year Runs Out: The Sandbox, Flow, and GryffinDAO 7

NFTs are revolutionizing the arts and entertainment sector. These days, collections and works of art have different valuations that might generate profits. Non-fungible Tokens, or NFTs, are a way for users to hold digital images and in-platform assets presented as NFTs by innovative blockchain-based projects. 

On GryffinDAO (GDAO), its ecosystem uses NFTs as a reward system to provide users and token holders additional value. Flow (FLOW), The Sandbox (SAND), and GryffinDAO (GDAO) are three NFT tokens with features that could turn them into the next 10x tokens.

The Sandbox (SAND) – The P2E King

The Sandbox (SAND) is an Ethereum-based software that manages a decentralized virtual game environment. Players can purchase virtual NFT lands, known as LAND, in The Sandbox (SAND) game and construct events they can enjoy with other users. The Sandbox gaming platform is an example of a blockchain-based metaverse.

Two native tokens in The Sandbox platform control how its metaverse functions: The diverse ecosystem of The Sandbox has a utility token called SAND that users can maximize to engage with content generated by the platform users, create ASSET tokens, buy and sell ASSETs on the market, and participate in LAND transactions. 

SAND facilitates in-game transactions, such as purchasing LAND, engaging with subscriber content, and staking it to participate in the decentralized autonomous organization’s governance (DAO). ASSET tokens are non-fungible tokens (NFTs) representing in-game items like creations and tools for avatars. 

The Sandbox DAO uses SAND as its governance token, allowing holders of SAND to vote on how the team should improve the platform. There are 3 billion SAND tokens in total supply. 

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These NFT-featured Tokens Could Produce 10x Before The Year Runs Out: The Sandbox, Flow, and GryffinDAO 8

In early 2012, Pixowl (headed by Sébastian Borget and Arthur Madrid) and programmer onimatrix collaborated to create the first iteration of The Sandbox as a mobile game. The Sandbox traces who owns the virtual LAND and NFT ASSETS on its application, using the Ethereum blockchain. 

Watch Your Portfolio Grow With Flow (FLOW)

Developers can build and trade digital assets like non-fungible tokens (NFTs) using the Flow playground, which was released in 2020. Each NFT asset trades for a specific price and is distinct. The creators of CryptoKitties (Dapper Labs) are working to develop a new platform on Flow (FLOW) that will draw more mainstream users. 

Flow (FLOW) is an elevated blockchain for large-scale crypto games and apps. It is designed to scale effectively for users interacting with NFTs externally or as in-game items.

Well-known social media platforms like Facebook and Instagram are introducing NFT functionalities as the NFT market is booming. Flow, as an NFT-featured platform, has many characteristics that will likely add to its potential of gaining wide adoption, which could surge its token. 

The FLOW token was created by its team to become fuel for blockchain-based games, decentralized applications, and NFTs. Flow uses its native currency FLOW to power the platform and settles transactions. Users are mandated to pay either computation fees or processing fees. 

Exchanges and wallets that accept it allow for the purchase and storage of Flow (FLOW). Developers who wish to learn how to create blockchain apps and are unfamiliar with Cadence can use the website that the Flow (FLOW) team has built as a learning resource. 

GryffinDAO (GDAO) – Revolutionizing P2E

GryffinDAO (GDAO) is a decentralized protocol built on the Binance smart chain to satisfy users with leading NFT collections and DeFi applications. The GryffinDAO utility token is the GDAO token. 

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These NFT-featured Tokens Could Produce 10x Before The Year Runs Out: The Sandbox, Flow, and GryffinDAO 9

It was developed to help achieve an ecosystem that offers users all the aspects of successful tokenomics. The platform is set to provide utility to their native currency and employ some mechanisms that could keep the token value stable even in market volatility and fluctuation. 

The play-2-earn that the platform would launch will offer a chance to create a stable atmosphere and cultivate devoted fan communities for the project. NFT collections will be implemented as part of the GryffinDAO (GDAO) expansion roadmap into the gaming industry. The game’s revenue will contribute to the overall growth of the GryffinDAO (GDAO) ecosystem. 

One of the elements of GryffinDAO’s metaverse reality will be AR/VR technologies. The metaverse will incorporate immersive elements and virtual environments to offer one of a kind experience. The platform seeks a genuinely unique encounter rather than a digitally duplicated experience. In the actual world, this is precisely what today’s AR and VR technology can accomplish. 

GryffinDAO (GDAO) NFT and Marketplace

Various NFT collections will be available on the GryffinDAO (GDAO) gaming platform, some of which will be essential to the gameplay. The gaming platform would display the multiple rarity classes and NFT use cases available. 

In addition to the NFTs produced by the network, GryffinDAO (GDAO) enables community members to build their own distinctive NFT models that may be applied in the gaming world. 

NFT collections can be bought in the market by users with the in-game currency GDAO. Additionally, users can gain them by participating in specific gaming activities like the 3D immersive metaverse expedition or the PvP game mode. 

Players would be able to engage with, swap items with, and buy from other players in the marketplace, which would display all accessible NFT collections. To handle, oversee, and approve transactions amongst buyers and sellers on the GryffinDAO marketplace, a blockchain-based contract is created for each posted NFT. 

The owners of each NFT are the only ones in the universe since these smart contracts include the specific parameters associated with NFTs. These NFTs can be purchased for in-game tokens or staked at the LP for reward.

The GryffinDAO marketplace features a comprehensive user support system to accept and address every user inquiry. 

How to Buy GryffinDAO (GDAO) on Presale

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These NFT-featured Tokens Could Produce 10x Before The Year Runs Out: The Sandbox, Flow, and GryffinDAO 10

A presale is a means to purchase cryptocurrencies before they are made available for general use, which includes listing and trading in popular exchanges. Most tokens after presale have the potential for exponential growth in value after going live on a cryptocurrency exchange. This increase is one of the main reasons crypto traders pick interest in participating in presale.  

The GDAO token has a total supply of 500M. There is a reserve percentage of GDAO tokens, and the platform will allocate them towards fulfilling these responsibilities: Future Initiatives, Community Support, Marketing, Exchange Fees, and Long-Term Liquidity.

The presale page is accessed via the platform’s official website. The user would first create an account to participate in the presale. The next step in purchasing the token on presale is to click on the “Enter presale” icon on the website’s homepage. 

When the presale page displays, enter the necessary payment information and press “Confirm” to complete the purchase. GryffinDAO (GDAO) made taking part in the token presale simple for both seasoned investors in the cryptocurrency market and first-timers.

Final Thoughts

It would be good to engage with NFT-featured tokens still on presale like GryffinDAO (GDAO), given the NFT space’s momentum. Artworks and collections have gained added value through the innovative space of the NFT market. NFT tokens facilitating marketplaces and platforms where NFTs are bought or sold often have the same demand as the NFT sold or bought on the platforms. 

NFT-featured cryptocurrencies like The Sandbox (SAND), Flow (FLOW), and GryffinDAO (GDAO) might give most crypto portfolios the 10x turn they need.

You can find more information here.

Big Eyes, Sandbox, and Enjin Ethereum-based Crypto Projects Competing For Dominance In the NFT Crypto Space

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Introducing tokenized digital assets into blockchain technology has been a groundbreaking development. Non-fungible tokens have rapidly become an integral part of this space.

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Big Eyes, Sandbox, and Enjin Ethereum-based Crypto Projects Competing For Dominance In the NFT Crypto Space 13

Ethereum (ETH) is popularly known for its ability to support NFT creation and Metaverse integration. This is the reason why the Big Eyes (BIG), Sandbox (SAND), and Enjin (ENJ) crypto projects chose Ethereum as their host blockchain. 

Unlike the Big Eyes (BIG) project, Sandbox (SAND) and Enjin (ENJ) offer Game-Fi utilities to their users. However, Big Eyes (BIG) allows users to create and trade Non-fungible tokens.

Will Big Eyes (BIG) be able to compete with pre-existing projects like Sandbox (SAND) and Enjin (ENJ)? This article will highlight the features of the Big Eyes (BIG) crypto project and compare it with Sandbox (SAND) and Enjin (ENJ). 

Sandbox (SAND)

Sandbox (SAND) is a metaverse integrated crypto project. It first existed as a 3D mobile game. Its integration with blockchain technology gives users ownership of in-game assets. 

All Sandbox (SAND) users must create an avatar to interact with the Sandbox (SAND) metaverse. The Sandbox virtual world has multiple crypto assets. Its native token is an ERC-20 cryptocurrency used for in-game transactions. Users can purchase Sandbox (SAND) tokens across different crypto exchanges.

Users within the Sandbox (SAND) ecosystem must own Ethereum (ETH) tokens to cover gas fees. The Sandbox (SAND) ecosystem also has NFT-like tokens. These can be purchased and utilized within the Sandbox (SAND) metaverse.

Land within the Sandbox (SAND) metaverse is a scarce resource. It is a tokenized virtual asset that can be traded in the Sandbox (SAND) NFT marketplace. Landowners can develop their land using tools and resources within the sandbox (SAND) ecosystem. 

Other NFT-like in-game assets like clothing accessories can also be created and sold in the Sandbox (SAND) NFT marketplace. 

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Big Eyes, Sandbox, and Enjin Ethereum-based Crypto Projects Competing For Dominance In the NFT Crypto Space 14

Enjin (ENJ)

Enjin (ENJ) began its operations as a Game-Fi crypto platform in 2018. It allows crypto innovators to create and integrate Non-fungible tokens into their projects. Crypto innovators with no programming experience can utilize the Enjin (ENJ) tools to tokenize their in-game assets. 

Operations within the Enjin (ENJ) platform are steered towards facilitating the transfer of Non-fungible tokens between projects on the Ethereum (ETH) blockchain. It acts as an intermediary, aiding interoperability and lowering gas fees.

Additionally, the Enjin (ENJ) crypto project has developed a next-generation innovation called the “Enjin (ENJ) Beam” which allows users to transfer digital assets efficiently. This groundbreaking innovation makes Enjin (ENJ) unique in the crypto space. 

Enjin (ENJ) has its own native ERC-20 cryptocurrency usable within the Enjin (ENJ) ecosystem. Like every other crypto asset, it can be purchased on popular crypto exchanges. 

Big Eyes (BIG)

Big Eyes (BIG) is a cat-themed meme coin project created to offer massive rewards to its users. The Big Eyes (BIG) crypto project intends to leverage its large crypto community, become widely accepted, and accomplish its goals.

The Big Eyes (BIG) crypto project aims to become among the top 10 NFT platforms within the crypto space. It also intends to pioneer a “Save the Oceans” campaign to preserve the lives of ocean-dwelling animals.

Big Eyes (BIG) is donating 5% of its crypto tokens to charitable organizations. These organizations will also receive 10% of all transaction fees charged within the Big Eyes (BIG) ecosystem.

Like Sandbox (SAND) and Enjin (ENJ), the Big Eyes (BIG) project integrates its users with the metaverse. Users within the Big Eyes (BIG) ecosystem can tokenize their digital cat-themed artworks into NFTs. Big Eyes intends to have the most extensive NFT collection in the crypto space. 

To accomplish this, Big Eyes (BIG) will allow its NFT creators to earn rewards for their work forever. Every time an NFT is sold, its creator gets 40% of the fees charged. Big Eyes (BIG) has its native utility token usable within its NFT marketplace. The BIG digital asset is an ERC-20 token. It is a deflationary cryptocurrency capped at 200,000,000,000 BIG tokens. 

The ongoing presale makes 70% of this supply available to users. Purchasing the presale makes you eligible to interact with the Big Eyes (BIG) ecosystem. 

Big Eyes (BIG) promises to be a fully decentralized crypto project that redistributes wealth to its community members. Will Big Eyes (BIG) accomplish all its goals? Read more about the Big Eyes (BIG) crypto project and participate in its ongoing token presale through the links below.

Big Eyes (BIG)

Website: https://bigeyes.space/ 

Telegram: https://t.me/BIGEYESOFFICIAL 

Twitter: https://twitter.com/BigEyesCoin 

Sandbox and Time partner to create “Time Square” in the metaverse

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Time and Sandbox have joined forces to create “Time Square” in the metaverse, which is modelled after the Times Square neighbourhood in New York.

TIME Square will be built on TIME’s property in The Sandbox as a hub for gathering, art, and commerce, inspired by the aesthetic energy of New York’s Times Square.

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TIME’s president, Keith A. Grossman, made the announcement at the Sandbox event held at NFT.NYC. A chance for architects to create TIME Square was also mentioned in the announcement. TIME is also looking for suggestions from the metaverse community and its devotees in order to find a creative architect who can create a graphic representation of the TIME Square. He further added,

“We are thrilled to now tap into that community as we seek to find the architect to design TIME Square in the metaverse, as we create an immersive experience with The Sandbox.”

Virtual Manhattan, Sandbox to help create the core of Metaverse

According to Time’s president, Grossman, their objective is to develop a location that will serve as the metaverse’s hub. Time is concentrated on building a community on Web3 that will gain from the tremendous 100-year legacy and access TIME has developed since launching TIMEPieces in September 2021.

The owners of TIMEPiece NFTs will also receive exclusive advantages and experiences from TIME Square. For the TIMEPieces community, the website will offer virtual access to discussions, events, screenings of TIME Studios productions, and educational opportunities.

Sebastien Borget, COO and Co-Founder of The Sandbox, said,

“The Sandbox is often viewed as a ‘virtual Manhattan’, a vibrant space alive with culture, entertainment, and brands, where anyone can discover, learn, work, meet new people, play, dance, and find amazing new opportunities.

According to Sebastien Borget, the partnership will make TIMEPieces the beating heart and soul of the digital Manhattan. The location will serve as a meeting point for companies and creators to collaborate.

HSBC Forays Into The Metaverse Via Sandbox

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British multinational investment bank HSBC has entered into a partnership with NFT gaming metaverse Sandbox. Announcing the same, the blog claims that the new collaboration will help create a host of opportunities for digital communities across the world to engage with global financial services providers and sports communities in The Sandbox metaverse.

The move will enable the global financial giant to acquire a plot of LAND, virtual real estate in the Sandbox metaverse, which will be developed to engage and connect with sports, esports, and gaming enthusiasts.

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As per the article, the agreement will encourage other global institutions to continue innovating in Web3 to fulfill consumer demands for “robust experiences in the metaverse through decentralized and gamified offerings.” Suresh Balaji, HSBC’s Chief Marketing Officer for the Asia-Pacific region stated,

At HSBC, we see great potential to create new experiences through emerging platforms, opening up a world of opportunity for our current and future customers and for the communities we serve. Through our partnership with The Sandbox we are making our foray into the metaverse, allowing us to create innovative brand experiences for new and existing customers.

COO and Co-founder of The Sandbox, Sebastien Borget, feels that the collaboration is the beginning of broader adoption of Web3 and the metaverse by institutions driving brand experiences and engagement within this new ecosystem.

HSBC went from critical to fully embraced the digital realm

HSBC joins the list of Sandbox’s over 200 existing major partnerships including Gucci, Warner Music Group, Snoop Dogg, Adidas, Steve Aoki, The Smurfs, and CryptoKitties. The blog post further added that details of the HSBC and The Sandbox collaboration would be announced in due course.

It is to be noted that HSBC was initially critical of the blockchain industry. But as the crypto industry evolved, it jumped ship like many other investment firms. From being “No to Bitcoin” in early 2021 to eventually employing a blockchain-based product for enabling foreign exchange transactions, the financial giant has made a huge turnaround.

However, this isn’t the first time that a major bank has dipped its toe in the metaverse space. In mid-February ’22, Wall Street behemoth JP Morgan announced its entry with a virtual lounge in Decentraland.

Warner Music Group partners with blockchain gaming developer, Splinterlands

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Warner Music Group (WMG) has revealed a partnership with Splinterlands, a renowned blockchain gaming firm, on 23 February 2022. The two firms will work in a first-of-its-kind partnership to provide chosen WMG artists the opportunity to build and implement creative play-to-earn (P2E) arcade-style blockchain games. Splinterlands is now the most popular blockchain game dapp (decentralized app) in the world, called Splinterlands.

Splinterlands is a blockchain-based decentralized digital collectible trading card game. It was founded in 2018. The company’s fantasy-themed collectible card game now has 1.8 million enrolled gamers, 450,000 daily active users, and has recently exceeded the one billion battle mark. Splinterlands is a community-driven game that is built and improved with the participation and advice of its gamers.

One of the goals in Splinterlands is to build your ‘strength. The power of rare cards is greater than that of common cards. And you’ll need the power to get through the game’s stages. In addition, you earn SPS, the game’s cryptocurrency, based on your power. As a result, the term “play to earn” (P2E) was coined.

Oana Ruxandra, Chief Digital Officer & EVP, Business Development, Warner Music, said,

“Our partnership with Splinterlands pulls focus to our artists and their music as we all work together to develop and maintain tokenized games. As we build, we will be unlocking new revenue streams for our artists while further solidifying fans’ participation in value created.”

Warner music group’s early association with blockchain games

The Sandbox, a different kind of blockchain game, announced a collaboration with the music behemoth in January. Warner Music obtained ‘virtual land’ for a virtual performance theme park and music venue in this case. The Sandbox is a 3D metaverse encounter, whereas Splinterlands is a strategy card game. Despite having many more users, its cryptocurrency market capitalization is about $3.5 billion, compared to $47 million for Splinterland. However, they are two quite different experiences.

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Furthermore, Warner Music has also worked with BlockParty and OneOf, two NFT platforms, this year.

The music label was an early backer of Dapper Labs in 2019, prior to this frenzy of activity. It collaborated with Genies, an avatar technology startup, last year, to build avatars of some of its artists. In the same year, Warner joined with Beeple’s NFT platform and participated in a $725 million fundraising phase for blockchain games ecosystem Forte.

Gucci ‘vault’s into Sandbox Metaverse

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Gucci lovers seem to have gotten an early Valentine’s day present. The luxury fashion house has purchased some land on The Sandbox, a digital world platform.

The real estate platform on Sandbox will be launched, as the fashion brand spreads its wings in the Metaverse for its GenZ centric world, Gucci Vault.

An undisclosed quantity of land has been purchased by the brand, on The Sandbox, where people and brands are allowed to buy and establish virtual real estate. The fashion house and The Sandbox will collaborate to develop an interactive fashion experience based on the Vault, which the brand describes as an experimental area envisioned by Alessandro Michele and housing its metaverse projects.

However, the luxury fashion house did not provide any additional information on what the virtual world will feature. Nonetheless, the brand said on its Discord server that it is working on creating immersive experiences for The Sandbox.

The global brand has revealed that it has purchased virtual land in The Sandbox and will begin developing a world on the Metaverse platform, joining Adidas, Warner Music, Bored Ape Yacht Club, Atari, and others. Sandbox’s announcement isn’t the label’s first step into the virtual world. This revelation came following the announcement of its NFT partnering with SUPERPLASTIC, last month.

SUPERPLASTIC and GUCCI collaborate to make NFTs

SUPERGUCCI, a limited series of CryptoJanky non-fungible tokens (NFTs) and ceramic sculptures, is the result of a collaboration between the luxury fashion brand and SUPERPLASTIC, the premier global company behind limited-edition vinyl toys, animated celebrities, and digital collectibles.

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CryptoJanky NFTs’ initial drop has been available on SUPERPLASTIC’s website and through the vault since February 1.The first drop contains 10 limited-edition NFTs and accompanying ceramic sculptures, all of which were handcrafted in Italy and co-designed by both labels. A press release read,

 “Each extremely limited and valuable NFT draws inspiration from Gucci’s signature patterns, icons, and symbols, reinterpreted through the lens of SUPERPLASTIC synthetic celebrities and artists, Janky & Guggimon.”

In other news, Gucci was the first luxury brand to introduce an NFT auctioned via Christie’s, in May 2021.