The Sandbox is alive and nicely in 2023. Based on a report by Parcel Staff, 2022 was a 12 months of great development for The Sandbox. On Saturday, The Sandbox introduced its accomplishments by way of 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 12 months, 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 at present 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 belongings 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 lately appeared within the prime 100 most used good contracts amongst ETH whales. This revealed a shift in momentum in direction of the platform.
May a bull market be on the horizon? Following a chilly crypto winter in Q3 and This fall, there’s each purpose to consider {that a} revival is on its method. In that case, The Sandbox is nicely positioned to be a serious benefactor, with over 17k Distinctive Lively Wallets (UAW). Amongst a bunch of different thrilling initiatives set to blow up in 2023, The Sandbox stays as related as ever.
Digital worlds are nonetheless the long run
Immersive digital platforms are getting ready for an enormous 12 months in 2023. New metaverse platforms will supply methods to play, socialize, and interact in digital worlds like by no means skilled earlier than. For example, the brand new platform ‘Metaverse Seoul’ by the Seoul Metropolitan Authorities exhibits unprecedented consideration to element. What’s extra, these platforms are incomes worldwide consideration and recognition, as we noticed in TIME Journal’s finest innovations of 2022. As we kick off the brand new 12 months 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 nicely contemplating.
What the long run holds
Digital worlds and digital belongings are getting ready for a fightback this 12 months. As a part of this fightback, The Sandbox might be proper on the entrance line, persevering with to construct its legacy.
