Metaverse Thriving in Asia as The Sandbox Expands and Innovates
Summary:
The metaverse is thriving in Asia, while it may seem stagnant in the US. The Sandbox, a virtual world platform, reveals that 50% of its business comes from various Asian countries. Lion City, a new neighborhood showcasing Singapore's culture, is set to launch. The Sandbox has also seen success in virtual land sales in Turkey. Despite Western metaverse usage slowing down, there is optimism for new developments in the Web3 and virtual reality sectors. Dynamic NFTs and Apple's AR Vision Pro headset are highlighted as significant advancements. The Sandbox offers unique experiences compared to traditional gaming, fostering Web3 adoption.
The metaverse may seem stagnant for users in the United States, but it is thriving in Asia, according to Sebastien Borget, co-founder and COO of The Sandbox. In an interview at the Asian Blockchain Gaming Alliance's Web3 Summit in Singapore, Borget revealed that 50% of Sandbox's business over the past year has come from various Asian countries, with Hong Kong, Korea, and Japan leading the way. He also announced the upcoming launch of Lion City, a new virtual neighborhood in the Sandbox metaverse that aims to showcase Singapore's culture through collaboration with global brands. Borget highlighted the success of a recent virtual land sale in Turkey, where the metaverse has a flourishing ecosystem. Despite the slowdown in Western metaverse usage, Borget expressed optimism about new developments in the Web3 and virtual reality sectors, including the introduction of dynamic NFTs and Apple's Augmented Reality Vision Pro headset. Borget believes that the metaverse sector has no strict formula for fostering widespread Web3 adoption, emphasizing the unique experiences that platforms like The Sandbox offer compared to traditional gaming.
Published At
9/12/2023 6:00:19 AM
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