Set sandbox per sblocco token da 133 milioni di dollari, un fattore scatenante ribassista per il prezzo SAND?

La piattaforma di gioco decentralizzata, The Sandbox, è pronta ad eseguire un rilascio di token SAND del valore di 133,86 milioni di dollari. Secondo i dati di TokenUnlocks, Sandbox metterà in circolazione 332,55 milioni di token SAND il 14 agosto, che rappresentano il 16,16% della fornitura massima di token.

Timeline of The-sandbox

Sandbox's native token came under intense pressure ahead of a major token unlock. SAND dropped to a low of $0.40, which was much lower than last month's high of $0.4831. In all, the token has dropped by more than 56% from the highest level this year.

On Aug 14, a scheduled token unlock event will see 332.55 million SAND tokens worth $133 million released into circulation. Historical data shows that market reactions could put The Sandbox price stability at risk.

Metaverse-based project The SandBox saw QoQ growth in its NFT mints and primary sales. However, the volume of sales from other NFT marketplaces fell, resulting in a decline in total revenue.

The Sandbox, an Ethereum-powered metaverse, has announced a partnership with the British Museum to create a range of digital collectibles that mirror the museum's collections since its inception in 1753.

The British Museum, a venerable cultural institution in London, is venturing into the world of Non-Fungible Tokens (NFTs) through a partnership with the Ethereum-based metaverse game, The Sandbox.

Fast food giant McDonald's has launched a new metaverse experience using the virtual world blockchain The Sandbox (SAND). According to a statement from Animoca Brands, the company behind The Sandbox, McDonald's Hong Kong has built a new metaverse game experience called “McNuggets Land” for the 40th anniversary of Chicken McNuggets.

McDonald's Hong Kong has teamed up with The Sandbox to create the first Web3 experience platform. This partnership has resulted in the launch of "McNuggets Land", a unique metaverse gaming experience that marks the 40th anniversary of McNuggets.

According to a recent report on the metaverse by “Metaversed,” among the top twenty Web3 virtual worlds for July 2023 we find both The Nemesis and Sandbox, along with many others.

After a lackluster start to July, The Sandbox (SAND) price finally broke above the critical $0.40 resistance this week. Can the bullish investors build momentum to continue the SAND price recovery mission?

“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury.