The company behind the play-to-win blockchain game Sandbox has signed a Memorandum of Understanding (MOU) with Saudi Arabia’s Digital Government Authority (DGA) to encourage development in the Metaverse space.
The platform’s token – SAND – rose to $0.91 shortly after the announcement, up 27% from yesterday’s numbers.
- Sebastien Bourguet — co-founder and COO of The Sandbox — revealed the partnership on LinkedIn and Twitter, saying that the allies will explore, advise, and support “Metaverse activations.”
It was a real honor to sign our partnership MoU @tweet and the Saudi Digital Government Authority (DGA) under # jump Conference in 2023, and we look forward to exploring, advising, and supporting each other in activating the Metaverse pic.twitter.com/mTBYqlwvUa
– Sebastian (borgetsebastien) February 7, 2023
- The news caused the SAND price to expand, pushing it to $0.91. The cryptocurrency has been hovering around $0.71 for the past 24 hours, which means an increase of close to 30%.
- This marks SAND’s best performance in three months. However, the token is still far from its all-time high of over $7.50, which was set in November 2021.
SAND’s 30% share was published after the partnership with Saudi Arabia first appeared on CryptoPotato.