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Animoca Brands launches new season for The Sandbox amid plunging metaverse real estate prices

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The Sandbox, the blockchain gaming platform that was one of the major contributors of last year’s virtual real estate boom, is launching a new season next week, as the value of virtual lands plunge amid a persisting crypto market slump. The game, owned by Hong Kong unicorn Animoca Brands, bills itself as an immersive metaverse platform that lets players own...

The Sandbox, a blockchain-based metaverse gaming platform from Hong Kong-based Animoca Brands, is launching its biggest season yet on Aug 24.The Sandbox, the blockchain gaming platform that was one of the major contributors of last year’s virtual real estate boom, is launching a new season next week, as the value of virtual lands plunge amid a persisting crypto market slump.

The platform will offer 98 different “experiences”, allowing players to earn NFTs by playing various mini games. On Decentraland, another popular blockchain gaming platform, the trend has been the same. Virtual land sales fell below US$5,000 this month, down from US$30,000 in late November.

 

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