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The Sandbox, a blockchain-based gaming firm, has partnered with Standard Chartered for the second phase of Hong Kong's cultural center in the metaverse - Mega City 2. According to the press release on April 25, these collaborations will assist in creating a thriving virtual reality community. For the second phase of the metaverse Mega City, the platform has collaborated with firms from various industries, including tourism, hospitality, culture, media, education, banking, investment, music, and entertainment. In its most recent blog entry, the metaverse investor and NFT game developer revealed the new entrants in Mega City's second development phase. They include Standard Chartered, Ocean Park, Regal Hotels Group, Tatler Asia, EVI, Brinc, MADworld, Gameone, Chord Hero, UFO School, and Time Gates of Hong Kong Pop Culture. The new partners, according to Sebastien Barget, co-founder and COO of the Softbank-backed gaming firm, partners offer "some of the best" of what makes Hong Kong a multi-cultural, vibrant city" while also sharing their creative vision for creating an open metaverse.
Sandbox to Launch Metaverse LANDs Sale Next Week
Additionally, on April 28th, the Sandbox will be launching a brand-new LAND Sale to enable players to acquire LANDs and join the Mega-City neighborhood. The latest news comes three months after the metaverse platform first announced the launch of the initial phase of Mega City, with the ultimate goal of expanding Hong Kong's culture into the metaverse. The Sandbox initially created ties with heavyweights in film, music, entertainment, acting, professional services, gaming, and other sectors. Last week, news claims indicated that The Sandbox is attempting to raise $400 million at a $4 billion valuation from both new and existing investors. Animoca Brands, the firm behind the blockchain-based gaming platform, has recently generated a lot of noise, particularly with their acquisition binge. Since the beginning of the year, Animoca has added development studios Eden Games, Darewise Entertainment, and Grease Monkey Games to its growing list.