The signing of a memorandum of understanding between the popular metaverse project The Sandbox (SAND) and the Saudi Arabian Digital Government Authority, with the intention of joint action and project, triggered the rise in price.
The Sandbox co-founder and senior manager Sebastian Borget In the statement made by the company, it was declared that the company has partnered with the Saudi Arabian government for future projects. According to the explanations Borget and Saudi Arabian Digital Government Authorityin Riyadh, the capital city of Saudi Arabia Leap Tech Conference He signed a memorandum of understanding, that is, a reconciliation document. After the explanations, SAND 30% of experienced a rise.
The reconciliation document, the details of which have not yet been disclosed, was launched as a “convergence of wishes”, showing the intention that joint actions will be taken between the parties.
Borget told global media via e-mail that his company is unable to reveal any further details about its deal with the Saudi Arabian government at this time, but will not provide details. “in the coming weeks” Said it would show up.
Borget on the subject LinkedIn In his statement, he made the following statements:
It was a real honor to sign the memorandum of understanding between The Sandbox and the Saudi Arabian Digital Government Authority. We look forward to mutually discovering, mentoring and supporting each other in Metaverse activations!
Price took flight
After the news was announced, a sudden increase was observed in the price of SAND. CoinGecko with explanations based on data $0.71 level about an increase of 31% with for $0.94 SAND, which reached up to from $0.91 is being traded.
