cryptonews.net
According to a LinkedIn post published on February 7, Saudi Arabia has signed an agreement with the popular blockchain game The Sandbox. Sebastien BORGET, co-founder and COO of The Sandbox, said his blockchain-based virtual world project has signed a memorandum of understanding (MOU) with the Saudi Arabian Digital Government Authority (DGA).
The agreement was signed during the Leap Tech conference currently taking place in Riyadh, the capital of Saudi Arabia. Borget's announcement gave few details about the nature of the agreement other than the fact that both parties would be working together on a "metaverse" or virtual reality goals.
The Sandbox's native token SAND rose by about 30% since the announcement, rising to $0.93 from $0.71 in a matter of hours. Currently, the token is among the 45 largest crypto assets by market capitalization.
Image: Blockzeit