The Sandbox is alive and properly in 2023. In keeping with a report by Parcel Team, 2022 was a yr of great development for The Sandbox. On Saturday, The Sandbox introduced its accomplishments through Twitter and stays as bullish as ever of their social channels.
Digital Actual Property NFTs on the rise
There are nonetheless causes to be bullish. Final yr, digital actual property noticed a 180% year-on-year development with $1.4 billion {dollars} in gross sales. Throughout this era of development, The Sandbox rose in prominence and presently boasts a $167M+ Land Market Cap. Presently, The Sandbox sits third within the Land Market Cap rankings behind Decentraland and Otherside. Apparently, landowners are holding onto their digital property in The Sandbox greater than every other metaverse platform on the planet. Certainly, 54% of landowners held onto their Sandbox land NFTs in 2022.
The Sandbox getting whale consideration
The Sandbox not too long ago appeared within the high 100 most used good contracts amongst ETH whales. This revealed a shift in momentum in the direction of the platform.
Might a bull market be on the horizon? Following a chilly crypto winter in Q3 and This autumn, there’s each purpose to consider {that a} revival is on its method. If that’s the case, The Sandbox is properly positioned to be a significant benefactor, with over 17k Distinctive Lively Wallets (UAW). Amongst a bunch of different thrilling initiatives set to explode in 2023, The Sandbox stays as related as ever.
Digital worlds are nonetheless the longer term
Immersive digital platforms are getting ready for an enormous yr in 2023. New metaverse platforms will supply methods to play, socialize, and have interaction in digital worlds like by no means skilled earlier than. As an example, the brand new platform ‘Metaverse Seoul’ by the Seoul Metropolitan Authorities reveals unprecedented consideration to element. What’s extra, these platforms are incomes worldwide consideration and recognition, as we noticed in TIME Magazine’s best inventions of 2022. As we kick off the brand new yr and Q1, we’re going to see new initiatives emerge and a market restoration could also be simply across the nook. Throughout this time, digital land gross sales are nonetheless retaining their worth comparatively properly contemplating.
What the longer term holds
Digital worlds and digital property are getting ready for a fightback this yr. As a part of this fightback, The Sandbox will probably be proper on the entrance line, persevering with to construct its legacy.
