The Sandbox price movement: how will the Warner Music Group partnership affect the value of the SAND token?
- SAND’s value increased by 3% in the last 24 hours.
- The token’s trading volume saw a 31% increase in the last 24 hours.
- SAND has the potential to increase in value throughout the end of February 2022.
The Sandbox SAND/USD is a popular metaverse project where players are given the opportunity to build, own and even monetize out of the gaming experiences they have within the world.
It operates on top of the Ethereum blockchain, and its native cryptocurrency token is the SAND token.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
Warner Music Group (WMG) partnership for musical Metaverse as a catalyst for growth
The metaverse platform The Sandbox (SAND) has continued to expand with new partnerships. The latest partnership that occurred was with Warner Music Group as a means of working on a musical Metaverse.
The Sandbox has the aim of introducing a music-themed virtual world.
The announcement occurred on January 27, where the team stated that this was the first time for Warner to venture into the realm of non-fungible tokens (NFTs) and the Metaverse.
The Sandbox team, through an official publication posted on January 27, claimed that WMG acquired an “estate” that will essentially fill the role of a portal for the firm’s artists to appear within the Metaverse.
This development has the potential to increase interest within the SAND token and, as such, its value.
Should you buy The Sandbox (SAND)?
On January 28, The Sandbox (SAND) had a value of $3.43.
To get a better perspective on what this means for The Sandbox (SAND) token, we will go over its all-time high value, as well as its performance throughout the previous month.
The all-time high value of the SAND token was on November 25, when It reached a value of $8.40. This means that at its ATH, the token was $4.97 higher in value or by 145%.
In terms of the performance of The Sandbox (SAND) token last month, on December 1, it had its highest point of value at $6.89. Its lowest point of value, however, was on December 15, when it reached a value of $4.45.
This means that the token decreased in value by $2.44 or by 35%. With that in mind, at $3.43, the SAND token is a solid buy as it can reach $4 by the end of February 2022.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- Capital.com, simple, easy to use and regulated. Register here >
*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.