Leading Metaverse coin project The Sandbox (SAND) is preparing to move its Metaverse strategy from Hong Kong to Dubai. Sandbox, a subsidiary of Hong Kong-based technology and venture capital firm Animoca Brands, will build a “Dubaiverse” accordingly. The company introduced Dubaiverse at the 62nd True Global Ventures Conference on Thursday. Talking about its future plans during this promotion, the company said that Turkey has new targets.
Metaverse will build coin “Dubaiverse”
Metaverse coin project Sandbox will adopt the Hong Kong strategy as it builds Dubaiverse. Dubaiverse stands for a Dubai-themed Metaverse. To do this, the company will follow the plan of the “Mega City” project in Hong Kong. cryptocoin.com As we reported, Mega City is a Metaverse game by Sandbox and Animoca Brands, based on the Asian financial center of Hong Kong.
However, Dubaiverse will move forward with partnerships with local government and companies, similar to the Hong Kong project. To build this Metaverse, the company will collaborate with the local music, gaming, entertainment, finance and real estate industries. Meanwhile, Dubaiverse will also have a local news partner named Khaleej Times. This follows the partnership between Sandbox in Hong Kong and local newspaper South China Morning Post.
Next destination Turkey
After Hong Kong and Dubai, Animoca Brands aims to bring the local Metaverse experience to other countries. Also, the Metaverse coin project Sandbox looks set to continue to expand. Sandbox Paris founder Sebastian Borget has announced the company’s next target countries. Accordingly, Sandbox will bring local Metaverse experience to Singapore, Turkey and South Korea after Dubaiverse. Borget said that they have started working on the location-based Metaverse experience for these countries.
Dubai regulator buys Metaverse land
Meanwhile, Animoca Brands has signed a first-of-its-kind partnership on the Metaverse. This partnership was related to Dubai crypto regulator Virtual Assets Regulatory Authority (VARA). Accordingly, the regulatory body has become one of the first buyers of lands on the virtual map “Dubaiverse”. “It was a very important moment and we were able to partner with other big companies and brands in Dubai,” Borget said.
Metaverse coin partners with local newspaper
The Metaverse coin project has also partnered with a local media outlet for “Dubaiverse”. Accordingly, Sandbox will also have a local news partner named Khaleej Times. Sohail Nawaz, Chief Digital Officer of Khaleej Times, expressed excitement about the issue. Nawaz said, “Old business models are being challenged all over the world and new business models are entering this field. Partnering with Sandbox is a really important strategic move for us.”
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