• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Metaverse
Nexo

The Metaverse Enables Us To Investigate Human Creativity, The Sandbox Founder Says

Jet Encila by Jet Encila
2 months ago
in metaverse, Technology
0

According to Sebastian Borget, COO of Sandbox, the notion of the Metaverse, in which humans may participate in a range of activities in digital parallel worlds, is redefining how people think, interact, socialize, play, and earn in the future.

Immersive worlds and online avatars are nothing new since virtual planets have already been produced in games such as Grand Theft Auto Online, Minecraft, and Roblox.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Furthermore, with the ability to convert fiat monies to cryptocurrencies, users would easily transition between the natural world and the Metaverse.

Related Article | Sandbox Metaverse Attracts 2 Million Users, Joins Forces With K-Pop Group

Customers may use crypto tokens created by firms that facilitate these virtual connections to purchase digital avatars and virtual land and host personal events similar to those held in the real world.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Individuals and businesses alike may conduct transactions in the Metaverse, get payment in cryptocurrencies, and swap those gains for real-world goods.

Gateway To New Experiences

Borget asserts that the metaverse is a portal to new experiences limited only by the imagination of individuals.

He elaborated:

“Web 3.0 and the metaverse enable everyone of us to become an explorer of our own human imagination, creating new parallel universes in which we can pick our own experiences.”

The Metaverse extension will boost the amount of wealth that may be unlocked, perhaps causing the global economy to expand rapidly.

Sandbox, The ETH-Based Metaverse

Sandbox is a decentralized NFT Metaverse by definition, since it aspires to change the way people interact on the internet by allowing them to engage in ways that were previously only envisaged in science fiction.

The Metaverse is characterized as a “vast, linked network of virtual worlds” by Rabindra Ratan, an associate professor of media and information at Michigan State University.

Related Article | Metaverse Real Estate: Why Are Real Estate Investors Obsessed With Virtual Lands?

Decentralization refers to the fact that the Sandbox is not controlled by a single organization, such as a company.

Everyone who participates, on the other hand, owns it. For Sandbox, its SAND token holders participate in the platform’s governance using a DAO framework and voting techniques.

The Sandbox was conceptualized in 2011 by Arthur Madrid and Sébastien Borget. The ownership of digital LAND and NFT assets on the network is tracked via blockchain technology.

BTC total market cap at $730.19 billion on the daily chart | Source: TradingView.com

SAND Price Analysis

As per CoinMarketCap, SAND is presently trading at $2.82, a 4.50% fall from Thursday, with a comparable high of roughly $2.99 and lows reaching $2.79.

Analysts anticipate that the coin will get a high of $3.61 by the end of 2022, $5.49 by 2025, and $8.36 by 2027 before exceeding its all-time high in 2027.

Web 3.0 And Its Importance

Meanwhile. Web 3.0 refers to a third-generation paradigm shift in online services, integrating artificial intelligence (AI) technologies and decentralization.

It equates to more user control and ownership over their works and online information, digital assets, and online identities. Gavin Wood, one of Ethereum’s co-founders, launched the cryptocurrency in 2014.

Moving Forward

Borget believes that platforms should prioritize ensuring that the creative process is enjoyable and fulfilling, as well as responding to what people desire.

Borget noted that the next step will be to enable creators to build and share experiences within their lands.

He stated that people can anticipate the community to contribute more original content in the future.

Featured image from Aroged, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jet Encila

Jet Encila

Freelance writing is Jet's other cup of tea. When not on his computer, he unwinds with a cold bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

A16z

A16z Rolls Out $600 Million Gaming, Web3 And Metaverse Dedicated Fund

2 days ago
Fitness wants metaverse

Survey Shows 40% Of Americans Want Metaverse Gym Memberships

4 days ago
NASA

NASA Offers $70,000 For The Best Martian Metaverse Design

6 days ago
metaverse

Metaverse Land Value Is Dropping – Should You Buy Now?

2 weeks ago
NFT

The NFT Market Will Be Worth More Than $13 Billion By 2027 — Report

2 weeks ago
Liefeld

Rob Liefeld: Deadpool Creator Says He’s Like ‘A Walking NFT’

2 weeks ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.