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In addition to enhancing its brand visibility and audience engagement, the presence of Forbes in the Sandbox Metaverse is expected to open up new revenue streams.
In a bid to dive deep into the web3 space, Forbes has rolled out a virtual ‘luxurious pool' for players in The Sandbox.
Forbes continues to explore the virtual real estate and web3 sectors to create a dynamic community platform for all users. The media giant has cemented its position in the metaverse world by purchasing a permanent land in the Sandbox (SAND) digital universe.
Forbes recently announced its venture into The Sandbox metaverse. It marks a significant move for the media giant into Web3 and digital real estate.
Forbes is thrilled to announce its official establishment of permanent land within The Sandbox metaverse. This strategic move not only marks Forbes' deeper dive into the Web3 space but also solidifies its belief in the transformative potential of the metaverse.
Despite a broader market uptrend, The Sandbox's SAND token dipped around 3%.
Both crypto projects will see the release on the market of previously locked or limited tokens.
When tokens are unlocked, it can add more selling pressure to the market if there isn't enough demand to absorb the newly available tokens. Currently, data shows that there's a scheduled unlocking of $125 million worth of tokens from popular gaming and NFT projects The Sandbox (SAND) and ApeCoin (APE).
Token unlocks refer to the release of previously locked or restricted tokens into the market.
Hundreds of millions of dollars worth of crypto tokens are set to flood onto the market this month for the first time.
Crypto projects like Avalance, Aptos, The Sandbox, Optimism and Sui are set to release millions in vested digital assets this month.
With a history of bullish performance in February, crypto investors are starting to enter the altcoins segments to maximize their profits. As altcoins are more volatile, the upside potential is more lucrative for traders. Amidst the highly volatile sea of altcoins, picking up the best coins can prove risky if Bitcoin takes a bearish turn.
A selling pressure of nearly $1 billion will potentially flood the crypto market due to huge token unlocks. Notably, Optimism (OP), Avalanche (AVAX), The Sandbox (SAND), Aptos (APT), and Sui (SUI) are the projects with the highest unlocks.
Ethereum ETFs are poised to be the next big catalyst within the cryptocurrency market in early 2024 heading into late spring.
As the overall market slides down the bearish slope, the metaverse and gaming tokens are facing the heat. Amidst the increasing supply, the SAND price trend tests a crucial support element as it crashes under the 200-day EMA.
An innovative partnership for a limitless immersive experience
As the crypto market marks another bearish week, the buyers are desperate for a reversal to avoid another crash. Amidst all this ruckus, the gaming tokens are slowly preparing for a trend reversal with a bounce back next week.
Underrated cryptos aren't just the cheapest available options. Instead, find cryptos with real world utility and swelling sentiment.
The UK financial landscape is undergoing a significant transformation with the launch of the Digital Securities Sandbox (DSS). A joint initiative led by the Financial Conduct Authority (FCA) and the Bank of England, the DSS marks a pivotal moment by ushering blockchain technology into trading securities.
CBN approves ASC's cNGN stablecoin, a regulated digital currency pegged to the Naira, launching on Feb 27, 2024.
In 2023, the cryptocurrency market was dominated by three key narratives. These included artificial intelligence (AI), GameFi, and meme coins.
As 2024 looms, the crypto sphere teeters on the edge of anticipation, with investors eagerly watching the market's every move. Analysts, particularly Trader Ali Martinez, in his X post, are scrutinizing key altcoins, pinpointing potential breakout candidates among them.
Whales transact SAND worth $100,000, but buying pressure remains low.
Gaming cryptos represent unique upside as the global blockchain gaming market is set to expand massively in coming years.
