SAND Skyrockets 30% Following a Partnership with Saudi Arabia
TL;DR Sandbox – a play-to-earn blockchain game – signed a Memorandum of Understanding (MOU) with the Saudi Arabia Digital Government Authority (DGA). This announcement caused SAND, the native token of the platform, to surge close to 30%.
The company behind the play-to-earn blockchain game – Sandbox – signed a Memorandum of Understanding (MOU) with the Saudi Arabia Digital Government Authority (DGA) to incite developments in the Metaverse space.
The native token of the platform – SAND – climbed to $0.91 shortly after the announcement, a 27% increase compared to yesterday’s figures.
Sebastien Borget – Co-Founder and COO of Sandbox – disclosed the partnership on LinkedIn and Twitter, saying the allies will explore, advise, and support “activations of the Metaverse.”
It was a true honor to sign our MOU partnership ceremony between @TheSandboxGame and the Saudi Arabia Digital Government Authority (DGA) during #LEAP 2023 conference, and we look forward to exploring, advising and supporting mutually each other in activations of the Metaverse pic.twitter.com/mTBYqlwvUa — Sebastien 🏞 (@borgetsebastien) February 7, 2023
The news triggered a price expansion for SAND, pushing it to $0.91. The cryptocurrency was hovering around $0.71 24 hours ago, meaning a surge of close to 30% surge.
This has marked SAND’s best performance in three months. Still, the token stands far from its all-time high of over $7.50, registered in November 2021.