Top 10 Sandbox Crypto Metaverse Projects To Watch For 2023

Seeing the widespread popularity of the Sandbox metaverse various projects have bought land on the platform to create and monetize experiences.
By coinpress Staff coinpress-authors
November 1, 2022 Updated October 15, 2024

Sandbox Metaverse Projects: Sandbox is unarguably among the top crypto metaverses. Last year saw celebrities, brands, and entrepreneurs investing heavily to have ownership over virtual lands in Metaverse. And the trend is here to stay; the growing popularity of digital assets, NFTs, and decentralized 3D platforms such as Sandbox and Decentraland makes us believe so.

According to a report by a metaverse analytics firm, MetaMetrics Solutions, real estate sales on four leading metaverse platforms – The Sandbox, Decentraland, Cryptovoxels, and Somnium – reached $501 million in 2021. As per a prediction, these sales could reach nearly $1 billion in 2022.

The Sandbox, an Ethereum-based third-largest metaverse, became one of the fastest-growing cryptocurrency games, especially after it appeared in the buying list of famous sportspersons, such as Ana Ivanovic and Marco Verratti. Additionally, renowned brands like Warner Music Group, Adidas, Gucci, Atari, and Snoop Dogg also picked The Sandbox for acquiring virtual lands.

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This article will talk about the ten best Sandbox-based Metaverse projects that have been in the limelight lately. But, before we move forward, let us first have a basic understanding of the concept of The Sandbox.

What is The Sandbox?

The Sandbox team is a decentralized virtual world where players can build, own, and monetize their gaming experiences using SAND, the primary utility token of the platform. The project was founded with a vision to offer a profoundly immersive metaverse wherein players can create virtual worlds and games collaboratively sans central authority. The Sandbox virtual world utilizes blockchain technology as well as NFTs to empower the players and creators. One should note that The Sandbox is a subsidiary of Animoca Brands.

Types Of Digital Assets In Sandbox

SAND is the utility token used in The Sandbox ecosystem for transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain with a fixed supply of 3,000,000,000 SAND.

The Sandbox Metaverse comprises LANDS, parts of the world owned by players to create and monetize experiences. There will be only 166,464 LANDS available to host games, create multiplayer experiences, build housing, or propose social experiences to the community. As per the Whitepaper of The Sandbox, the Sandbox gaming environment is divided into 5 types of digital assets: SAND, LANDS, ASSETS, GEMS, and CATALYSTS.

Here Are The Top 10 Sandbox Metaverse projects For 2023 List :

Seeing the widespread popularity of “The Sandbox,” various projects have bought land on the platform by entering into partnerships. Some of the best Sandbox-based Metaverse projects in 2023 are as follows:

  1. AXA Hong Kong
  2. HSBC
  3. Standard Chartered Bank (Hong Kong)
  4. Atari
  5. PricewaterhouseCoopers
  6. Samsung
  7. Square Enix
  8. Gucci
  9. Adidas
  10. The Walking Dead

1. AXA Hong Kong partners with The Sandbox

Last month, The Sandbox partnered with AXA Hong Kong, a leading global insurer. With this partnership, AXA has acquired a 3×3 LAND, intending to provide an innovative interactive space for its customers. Hong Kong has a vital and growing role in The Sandbox, with the Mega City cultural hub featuring countless Hong Kong companies, artists, and entertainers. Through AXA’s LAND, the company will try to provide fresh digital experiences to its customers, partnering to co-create the future of insurance in the metaverse.

2. HSBC acquires land in The Sandbox

In March this year, the British multinational universal bank HSBC acquired a plot of virtual real estate in The Sandbox to create innovative brand experiences for customers and tap sports, esports, and gaming enthusiasts. The groundbreaking partnership between The Sandbox opens the door for other global institutions to continue innovating in Web3 as consumer adoption demands more robust experiences in the metaverse through decentralized and gamified offerings.

Also Read: My Neighbor Alice: An Introduction To The Play-To-Earn Crypto Game

3. Standard Chartered Bank (Hong Kong) strikes partnership with The Sandbox

Earlier this year, Standard Chartered Bank (Hong Kong) announced its decision to buy a plot of virtual land in The Sandbox’s metaverse’s Mega City district, with support from the bank’s venture subsidiary SC Ventures. The bank maintained that the involvement in the metaverse it to reimagine its relationship with current and possible clients on this new platform and approach to enhance client journeys. Having acquired virtual land in Mega City perfectly fits with the financial service provider’s commitment to boosting its constant presence in Hong Kong, whether physical or virtual.

4. Atari

Iconic gaming company Atari is one of the biggest owners of Land, or virtual real estate, in The Sandbox. In its commitment to developing this Land, recently, Atari launched Sunnyvale, a significant new experiment in the Sandbox metaverse. In Atari Sunnyvale, players have the opportunity to explore each other and interact with non-player characters based on Atari characters. Atari Sunnyvale Experience is based on nine classic Atari games and includes a game based on Crystal Castles. The Sandbox, owned by Animoca Brands, recently announced the latest Alpha Season 3 with 90 new metaverse experiences. Atari Sunnyvale is likely to be launched as part of Sandbox Alpha Season 3.

5. PricewaterhouseCoopers (PwC)

In December last year, accounting firm PricewaterhouseCoopers (PwC) ‘s Hong Kong branch revealed that it purchased a patch of land in The Sandbox. The PWC’s Hong Kong unit has been into blockchain technology and crypto assets for quite some time now. In November 2017, it reportedly said that it accepted bitcoin payments for consultancy services.

6. Samsung

Nobody is unfamiliar with the name Samsung. It has developed an unrivaled global brand for itself. Samsung is a multinational company that offers services in the following industries: advertising, building, entertainment, financial services, tourism, and information and communications technology. Mobile technology is among the most significant. Brandon Hoffman, an investor at Samsung Next, explained that the Sandbox connects the real world and the virtual world and makes the metaverse accessible to anyone when asked why they invested in it. For creators, brands, and yes, investors, the digital opportunities in this metaverse are translating into actual financial gains.

7. Square Enix

Their website states that its mission is to “spread happiness across the globe by providing unforgettable experiences.” This will be accomplished through entertainment, with gaming taking center stage. The entertainment brand led a $2 million investment round for SandBox metaverse, as was reported the previous year. The two areas of development Square Enix will concentrate on are “the inclusion of voxel elements based on the Dungeon Siege” and “the establishment of an interactive piece of land in the platform to allow players to enjoy experiences including Dungeon Siege elements.”

Also Read: What Is Gameta: How To Play Web3 Games On Gameta?

8. Gucci

Guccio Gucci established the business in Florence, Tuscany, in 1921. Gucci, a high-end clothing company and renowned fashion house, has reserved online space on Sandbox for the Gucci Vault Metaverse. It is the first well-known luxury and fashion brand to build a world on Sandbox. The company unveiled Gucci Vault, a testing ground for NFTs, vintage items like Gucci bags, and upcoming virtual programmers in The Sandbox. Gucci establishes the Gucci Vault Metaverse by acquiring virtual land on Sandbox as the first significant fashion and luxury brand.

9. Adidas

After Nike, Adidas is the second-largest sportswear manufacturer in the world and a multibillion-dollar enterprise. It concentrates on creating and producing footwear, apparel, and accessories. Adidas has purchased a virtual plot of land in The Sandbox, which it is working to populate with unique content and experiences. In collaboration with Coinbase, a well-known cryptocurrency exchange, the brand’s digital assets will be safeguarded.

10. The Walking Dead

One of the most well-known TV shows The Walking Dead, is now accessible in the Sandbox Metaverse. The game promotes teamwork among players as they overcome the daily challenges of surviving in a walker-infested environment. Additionally, players can design their own unique adventures using standalone characters and resources like Rick Grimes and Michonne

Conclusion

Though all kinds of people and businesses are increasingly adopting the Metaverse. However, it is still an extremely speculative place with high risk. Future metaverse landlords are keeping an eye on real estate in the virtual space. Also, thinking of owning properties while the land is still affordable. Meanwhile, small investors or businesses wanting a presence in Metaverse can still look for a rental space.

Also Read: SHIBA Inu Metaverse: How do I get metaverse Shiba Inu?

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