Metaverse company The Sandbox, which combines blockchain technology, virtual reality (VR) and gaming, has Announced which now owns Shiba Inu (SHIB), Dogecoin (DOGE), as well as several other meme coins.
Metaverse company The Sandbox, which combines blockchain technology, virtual reality (VR) and gaming, has Announced which now owns Shiba Inu (SHIB), Dogecoin (DOGE), as well as several other meme coins.
“We are delighted to integrate their unique cultures into our platform,” said the metaverse platform developer.
The Sandbox was originally released as a mobile world-building video game in 2012, allowing users to create their own universe. In 2020, the company raised $2 million in cash and cryptocurrency to create an Ethereum-powered gaming world that would allow users to monetize their experiences with the help of non-fungible tokens.
Alex DovbnyaThe platform rose to prominence during the NFT boom of 2021, as people rushed to purchase virtual real estate in the metaverse. famous hip-hop artist Snoop Dogg He even started developing his own community within The Sandbox world called Snoopverse. In early 2022, someone shelled out $450,000 to be neighbors with the “Drop It Like It’s Hot” hitmaker, which turned out to be the peak of the metaverse craze.
Earlier this year, The Sandbox achieved unicorn status after raising $20 million in new funding, allowing it to continue developing its decentralized virtual world with new editing tools, new social interactions, and new gameplay possibilities.
Tomiwabold OlajideWith its recent purchase of meme coins, The Sandbox states that it wants to stay on top of industry trends. “We believe that the culture of creativity is the cornerstone of the open metaverse and we take the time to participate and help grow the Web3 ecosystem for the benefit of those who are part of it,” the firm said. saying.
