The Sandbox and its native token SAND have been seeing a steady inflow of new funds which resulted in the SAND token hitting an all-time high of $3.61 on November 17th. Since breaking out, the SAND token has given into selling pressure and has retreated back below the $3.30 support level. While further selling pressure is possible in the short term, the growing excitement surrounding the metaverse and virtual properties has driven the price of virtual land higher.
Hot on the heels of recent announcements from tech giants Facebook and Microsoft, the Metaverse has become the next big thing in both crypto and tech communities. While the venture into the virtual realm may be big and bold news for some of the largest corporations in the world, several cryptocurrencies have been built around virtual worlds from the ground up. One seeing recent gains due to all the talk surrounding the Metaverse is The Sandbox, a blockchain gaming developer that allows users to play, create, own, and govern their own gaming experience through owning virtual lands.
During Microsoft’s recent Ignite conference, the tech behemoth revealed its plans to unleash their own version of the Metaverse, blending the digital and physical world through blockchain technology and virtual/augmented reality.
Over the past 24 months, cryptocurrencies and anything blockchain related have been all the rage. If you happened to have some free cash burning a hole in your pocket, maybe you’d be tempted to jump into one of the latest hyped coins or better yet, grab a few NFTs. You’d not only be supporting a unique and individual token but you’d be buying a piece of digital history as the world starts to accept the legitimized worth of digital currencies. While there is a massive draw to the space, there is also ample room for manipulation of the global interest in NFTs.
When the Market Place 2.0 releases, users will be able to integrate their user profiles for even more transparency but to take that to an entirely different level, the STARL team is also adding in use of The Graph, an Ethereum based indexing protocol, for all SATE contracts. SATE’S are non-fungible, transferrable digital assets representing satellites and any other virtual estates of the STARL Metaverse. By implementing The Graph into all SATE contracts, it allows for a greater collection of data related to each individual SATE including properties, bid history, pricing history, auction details, trades, and more all in one easy to view page. With the addition of The Graph, the STARL team is taking further steps towards complete transparency while allowing users the ability to bring up the complete history and all related information for any SATE contract with a few keystrokes.
Great companies are pioneered by great leadership teams – very few in the world of cryptocurrency understand this like Starl, displayed by their recent addition of Shahid Ahmad as an Industry Advisor. The group responsible for the virtual space project, or Metaverse, is already rock solid, with Moe Larson in the captain’s chair. With the addition of Ahmad as another co-pilot, the countdown is on for Starl to jump into hyperspace on their path to success.