metaverse platform The Sandbox can’t get enough of new partnerships!
While the platform aims to expand its field of activity with these partnership initiatives, the latest partnership agreement is one of the largest music businesses in the world, consisting of hundreds of top artists and labels. Warner Music Group performed with.
Aiming to open the doors of a music-themed virtual world with this contract signed with Warner Music Group (WMG), Sandbox stated in an announcement made on January 27 that Warner entered the NFTs and Metaverse realms for the first time.
🤝 Join us in welcoming none other than… @warnermusic to The Sandbox! 🎶
Their LAND will be the first of its kind in the #metaverse which will feature live concerts & music experiences from WMG’s huge roster of musical talent!
Full details 👇https://t.co/v1GfOWWjWz pic.twitter.com/JfzWePXrix
— The Sandbox (@TheSandboxGame) January 27, 2022
Warner Music Group Digital Director Oana Ruxandra says the firm’s newly acquired Metaverse slice will “develop enduring, immersive social music experiences that challenge real-world limitations and allow artists and their fans to interact like never before.”
Key Hit for Sandbox Metaverse Accelerator Program
The Sandbox also announced the launch of a $50 million accelerator program in partnership with parent company Animoca Brands and venture firm Brinc.
The Sandbox Metaverse Accelerator Program is scheduled to be launched in the second quarter of 2022. In the next three years, it was stated that an investment of $250,000 will be made for 100 projects under development.
On the other hand, the local token of the project SAND It is trading at $3.34, down 57% from its ATH on November 25.