Saudi Arabia Partner The Sandbox, to Promote Metaverse Ventures

Saudi Arabia and The Sandbox have teamed forces to promote metaverse-associated activities. The news was revealed during the Riyadh Leap Tech Conference. The metaverse-focused gaming system and the Digital Government Authority of the Middle Eastern country inked a memorandum of understanding (MoU) to collaborate on metaverse-linked innovations.

On LinkedIn, The Sandbox Co-Founder and Chief Operating Officer Sebastien Borget officially revealed the alliance. ” During the leap2023 summit, it was a pleasure to ink the Memorandum of Understanding (MOU) between The Sandbox and the Saudi Arabia Digital Government Authority (DGA).”

Borget, indicating what the partners want to accomplish with the alliance, remarked,

“… we are eager to investigate, guide, and assist each other in Metaverse endeavors!” Further information is anticipated to emerge in the following weeks.

On Tuesday, the native cryptocurrency of the Sandbox, SAND, exhibited a lengthy green candle. Thus, the asset was able to emerge from its accumulation period. The price of SAND increased from $0.7 to $0.93, representing an increase of almost 30%.

While preparing this report, The Sandbox’s native crypto was trading at $0.88 despite a minor pullback.