Forbes Joins Web3 Metaverse with a Permanent Presence on The Sandbox Platform
Summary:
Forbes has established a permanent virtual presence in the Sandbox Metaverse, offering an immersive experience that includes a pool, bar, and gallery dedicated to the 2024 Under 30 recipients. The Sandbox, which launched in 2023, recently unveiled 209 million vested asset tokens worth about $90 million. With corporations and brands increasingly investing in metaverse real estate, Forbes joins companies like the Atlanta Braves and Ford Motor Company in establishing stakes in Web3's digital worlds.
Marking its permanent entry into the Metaverse's Web3, renowned business magazine Forbes has established its spectacular virtual presence in the Sandbox Metaverse. Strategically located to the west of 'Dracula's Castle' and not too far from 'HODL Island', Forbes' immersive virtual platform is now open for public access.
In a press statement released, the attendees are promised an immersive and meticulously designed atmosphere. The virtual space houses an extravagant swimming pool, a sophisticated bar, and an extensive gallery exclusively showcasing the achievements of the '2024 Under 30' awardees. The entire venue has been carefully crafted to facilitate an exquisite visual environment that inspires engagement, discovery and interaction. Moreover, the venue has strategically placed QR-codes inducing the attendees to embark on a fascinating journey uncovering exclusive contents.
Apart from this exciting venture, The Sandbox recently unveiled 209 million vested asset tokens equating to roughly $90 million. The funds that were unlocked were meant for reserves, the team and consultants. This move was parallel to other significant token releases from Avalanche, Aptos, Optimism and Sui amounting to nearly $900 million.
The Sandbox was launched in November 2023 and is now operational. The co-founder of the platform, Sebastien Borget, elaborated on the initiative stating, anyone can now make their experience public thereby enhancing the range of content available for participants to explore and play on the platform.
The Sandbox finds itself in fierce competition with industry leaders like Meta and Apple fiercely contesting for supremacy in the Metaverse hardware front. Meanwhile, firms like Surreal Events and Somnium Space have developed on the fundamentals of pre-metaverse applications like Second Life and yesteryears MOO/MUX/MUSH servers.
Currently, the metaverse real estate is becoming a hot favorite among corporations and brands. From the Atlanta Braves to the Ford Motor Company, and now Forbes, everyone is anchoring their identities in Web3's virtual domains.
Published At
2/19/2024 9:45:55 PM
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