Forbes buys virtual land in The Sandbox metaverse
Forbes' virtual space is set to encourage exploration, interaction, and collaboration through interactive experiences, workshops, and events.
Keep up with what's happening in the crypto world in real-time.
Forbes' virtual space is set to encourage exploration, interaction, and collaboration through interactive experiences, workshops, and events.
Leading business magazine Forbes has announced its acquisition of a virtual land parcel on the Web3 space of The Sandbox metaverse.
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.
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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.
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An innovative partnership for a limitless immersive experience
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