Asian Billionaires' Hotel Groups Build Virtual Lands In Decentraland And The Sandbox's Metaverse

Singaporean billionaire Kwek Leng Beng's Millennium Hotels and Resorts and the billionaire Lo family's Regal Hotels Group in Hong Kong are taking their first steps into the metaverse after purchasing virtual properties in blockchain gaming platforms Decentraland and the Sandbox.

Timeline of Decentraland, The-sandbox

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice According to data from Coinglass, more market participants were shorting the asset than longing MANA. That means the majority of the market participants had taken a bearish stance on the coin than the bullish side.

Since the start of April, the cryptocurrency market has been punched by a bearish trend as over the last 30 days the market has not seen any stability. Even today the crypto market is trading red as the flagship currency Bitcoin is trading below $40,000 positioned at $38,978 at the time of writing. Ethereum Whales …

Standard Chartered is the latest global bank to enter the burgeoning metaverse space via a partnership between its Hong Kong subsidiary and The Sandbox, according to a press statement released on April 25. The post Standard Chartered buys virtual plot in The Sandbox to begin metaverse expansion appeared first on CryptoSlate.

SAND, the native token to the Sandbox metaverse, saw a large spike in Whale buying over the past 24 hours. The Sandbox recently entered into a partnership with the Standard Chartered Bank (Hong Kong) in order to build an innovative virtual world experience for the users.