Some time ago, The Sandbox metaverse would become the focus of Warner Music Group aka WMG in this company’s effort to enter the metaverse world, aka the digital space, with a variety of activities, both entertainment and business.
The Warner Music Group is known to be entering the metaverse with a focus on theme parks, as announced by the company recently. As is known, Warner Music Group is the owner of various popular music properties, including Atlantic record labels, Warner Records, Elektra, and Parlophone.
WMG “Concert Theme Park” at The Sandbox Metaverse
According to a press release, this virtual theme park from WMG will feature “concerts and music experiences” from a list of top artists in music companies. These artists are famous names such as Ed Sheeran, Bruno Mars, Dua Lipa, and Cardi B.
On the other hand, as part of the announcement, The Sandbox is said to be holding a LAND sale for virtual properties adjacent to a prospective festival site that fans can purchase in March 2022.
It is seen as the company’s latest breakthrough into the immersive experience that some call the “future of the internet”.
“We’re very focused on Web 3 right now and its impact on music. It’s really hard to judge fandom right now,” said Oana Ruxandra, WMG’s Chief Digital Officer and Executive Vice President of Business Development, citing a CoinDesk report.
Oana continues that, “The music industry had a big decade in the 80s and 90s, and then Napster came along and there was a setback. Furthermore, the same thing happened when Spotify popped up. We want to push the odds, not get behind ‘the eight ball’.”
To note, WMG itself is not the first big music player to want to expand its audience into the virtual world. This is because previously, the metaverse game Decentraland was known to have held a virtual music festival for three days in October last year. At that time, artists such as Snoop Dogg had also performed at virtual meetings at The Sandbox since last September.
While no one knows for sure what WMG will bring to the “metaverse” in the future, what is clear is that this partnership with virtual reality platforms like The Sandbox and Decentraland is a safe starting point.
The Sandbox Metaverse at a glance
Basically, The Sandbox is a blockchain game that allows users or players to explore a virtual metaverse world filled with NFT or non-fungible tokens, their own creation area, and so on.
The Sandbox itself in 2011 was actually designed to be a mobile game. However, now the development has come to more complex games, which are on the Ethereum network.
The Sandbox transactions also use Ethereum (ETH) and SAND tokens, with the aim of supporting the economy in this game. In addition, players of this game can also create their own avatar and digital identity—as part of the main concept of the metaverse.
Later, the avatars of these players can also be directly connected to the user’s personal wallet or wallet, which can be used to manage NFT, SAND tokens, and various other blockchain assets owned by players.
Not only that, players can create their own virtual games and items. This is done with the VoxEdit and Game Maker tools, which will then be converted to NFT. Thus, its users can trade these items and earn income from playing this game.
The Sandbox: Innovation, Investors and Partners
As a community-based platform where content creators can monetize voxel ASSETS and experience gaming on the blockchain, The Sandbox is known to have launched many innovations and developments in recent times.
It is known that with a vision and mission to build an immersive and inclusive metaverse—users can engage in completely new ways through games, NFT, and creativity—Sandbox has also received funding from many investors in 2021.
These investors are True Global Ventures (TGV), Mindfulness Capital, B Cryptos, and Square Enix. On the other hand, Sandbox’s own partners consist of big names, such as Atari, Care Bears, The Smurfs, Shaun the Sheep.
Check SAND Prices at INDODAX
The Sandbox Metaverse is booming in recent times. The most recent is the collaboration of top American rapper, Snoop Dogg, with Warner Music, which will see “the Snoop Avatars” launch soon as part of The Sandbox metaverse.
So, to find out the last Sandbox (SAND/IDR) price at INDODAX, you can visit this page.
