DBS partners with The Sandbox for ‘DBS BetterWorld’, what does this mean for SAND?
- DBS has partnered up with The Sandbox to create DBS BetterWorld.
- SAND’s value has seen an increase of 7% in the last 24 hours.
- The circulating supply surrounding SAND has seen an increase of 12%.
This is the latest move in a succession of upwards momentum for the Sandbox Project, which recently partnered with Renault Korea to allow customers to experience automobiles in the Metaverse.
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The Sandbox is a multiplayer virtual world, a metaverse, where players can essentially create experiences and monetize through them while becoming a part of one of the largest blockchain-based communities.
There are LAND parcels that are bought and sold as non-fungible tokens (NFs), and all of it is powered by SAND, the native cryptocurrency that is used for participation in the governance of the Decentralized Autonomous Organization (DAO), and to facilitate transactions.
The DBS partnership and ‘DBS BetterWorld’ plan as catalysts for growth
DBS, which is a leading financial services group in Asia, has conducted a strategic partnership with The Sandbox, according to an official announcement by the company on September 9, 2022.
The main goal of this partnership is to create what they call ‘DBS BetterWorld,’ which is aimed at being an interactive metaverse experience that can showcase the importance of building a sustainable world.
Through the partnership, DBS will get a 3×3 plot of LAND, which is the virtual real estate in The Sandbox metaverse, on top of which immersive elements will be developed.
Should you buy The Sandbox (SAND)?
Investors are constantly looking for a solid point in time and opportunity to get into the Metaverse and buy SAND which will give them entry to that aspect of the crypto sphere. Let’s analyze it to see how far it can climb.
On September 9, 2022, The Sandbox (SAND) had a value of $0.9666.
To get a better perspective of what this value point represents for SAND and how much the partnership can affect its future value, we will be comparing it to its all-time high point of value and performance in August.
The all-time high of The Sandbox (SAND) was on November 25, 2021, at a value of $8.40.
When we go over its performance throughout the previous month, SAND had its highest point of value on August 14 at $1.4052, while its lowest point was on August 29 at $0.9244.
Here we can see a decrease in its value by $0.4808 or by 34%. However, from August 29 to September 9, the cryptocurrency increased in value by $0.0422 or by 4%.
With this in mind, investors might want to jump in and buy SAND at its current value point, as it can reach $1.3 by the end of September 2022.