Hold onto your VR headset folks, because The Sandbox and Saudi Arabia are about to take the metaverse to the next level! In this partnership, these two heavy hitters have signed an MOU, which basically means they’re going to be BFFs in the virtual world. The deal was signed at the Leap Tech Conference 2023 in Riyadh, and you could feel the excitement in the air.
Borget Sebastien, the co-founder of The Sandbox, described the partnership as “a win for metaverse” and was thrilled to be a part of it.
The Middle East has been making big moves in the metaverse lately, but the UAE has been leading the pack. They announced plans to create a whopping 40,000 metaverse jobs in the next few years, and their Ministry of Economy even opened an office in the virtual world! The Sandbox and Saudi Arabia’s partnership is just the latest example of the metaverse taking over.
With @TheSandboxGame announcing their partnership with Saudi Arabia this means good news for future of their Metaverse assets.
Who is the top dog building in Sandbox?
I got like 200 VX so thinking to do a giveaway.
— EddyisKongz (@eddyiskongz) February 10, 2023
Brazenly Braving the Chilling Winter: Metaverse Moves!
2021 was the year that metaverse projects and their trusty sidekicks, NFTs, set sail on a wild adventure and dominated the virtual seas. Big Tech companies like Facebook even jumped on board, which only added fuel to the fire.
But like all good things, the excitement eventually died down, and the crypto winter of 2022 brought the metaverse to a bit of a lull. But, like the hearty sailors they are, governments around the world, especially in China and South Korea, didn’t give up on the metaverse and continued to pump millions of dollars into funding for creators.
But guess what? The crypto winter may finally be coming to an end, and the metaverse is about to make a big comeback! A new study predicts that institutional investors are about to jump back in and make waves in the virtual world. Experts say that the metaverse is going to be influenced by all sorts of trends in 2023, like using it for marketing, payments, 5G integration, and even the rise of the corporate metaverse.