The Sandbox (SAND/USD) is a multiplayer metaverse where players are provided with opportunities, such as creating, monetizing through, and participating in blockchain-based gaming experiences.
There are LAND parcels within the Metaverse in the form of non-fungible tokens (NFTs).
SAND is the native cryptocurrency that powers this Metaverse and can be used to facilitate transactions that are a part of its gameplay, alongside participation in the governance of the Decentralized Autonomous Organization (DAO).
The Renault Korea partnership as a catalyst for growthThe Sandbox announced its partnership with Renault Korea as a means of offering digital automotive experiences in the Metaverse, according to an official blog post published on September 5, 2022.
Through the partnership, The Sandbox (SAND) and Renault Korea Motors will provide customers with new ways through which they can experience vehicles within the digital space.
Furthermore, The Sandbox also supports marketing collaboration with a variety of brands within the platform and aims to establish a long-term relationship with Renault Korea Motors to engage with potential customers.
This will provide a heightened experience for The Sandbox users and will bring an additional level of utility to the SAND cryptocurrency.
Should you buy The Sandbox (SAND)?On September 6, 2022, The Sandbox (SAND) had a value of $0.966.
To get a better perspective as to what this value point represents for the future of the SAND cryptocurrency, we will be going over its all-time high, as well as its performance throughout the previous month.
The all-time high of The Sandbox (SAND) was on November 25, 2021, when the token reached a value of $8.40.
When we take a look at its performance in August, The Sandbox (SAND) had its highest point of value on August 14 at $1.4052.
Its lowest point was on August 29 at $0.9244. Here we can see a decrease of $0.4808 or 34%.
However, from August 29 to September 6, SAND increased by $0.0416 or by 4%.This partnership with Renault Korea can boost the value of the SAND cryptocurrency due to the enhanced experience of the Metaverse and the added utility of the token.
Investors might want to buy SAND, as it can reach $1.2 by the end of September 2022.
The post The Sandbox partners with Renault Korea: what does this mean for the future of SAND? appeared first on Invezz.
