Here’s Why The Sandbox (SAND) Price Is Seeing Massive Gains Today! 

Here’s Why The Sandbox (SAND) Price Is Seeing Massive Gains Today! 

SAND’s Rise

Metaverse gaming platform The Sandbox and it’s native token SAND has been seeing its price soar by a massive amount, surging by as much as 21% in just the past 24 hours.

At the time of writing, the price of The Sandbox (SAND) has risen to $0.87, jumping by over 21% in the past 24 hours and up to 77% in the past 30 days.

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SANDBOX x Saudi Arabia

This big rise in SAND’s price despite the gloomy crypto winter throughout late 2022 may be mostly due to the latest exciting announcement that The Sandbox co-founder and Chief Operating Officer, Sebastien Borget, made on Feb. 7 on a LinkedIn post.

In his post, Borget broke the news that his blockchain-based virtual world project had signed a memorandum of understanding (MOU) with Saudi Arabia’s Digital Government Authority (DGA). Borget says that he, along with Saudi Arabia’s DGA, both look forward “to exploring, advising and supporting mutually each other in activations of the Metaverse.”

Although many Metaverse-based projects like The Sandbox and Decentraland have been considerably quiet throughout the last few months, this new partnership with Saudi Arabia’s DGA could become the starting line for more similar initiatives for other Metaverse projects in the near future.

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