In an exclusive interview with NFT.NYC, The Sandbox US CEO shared his vision for this metaverse platform.
Mathieu Nouzareth said users still flock to The Sandbox not only as a social space but also as an engaging video game.
"We want to be the Manhattan of the metaverse, with exciting brands and artists — but our vision isn't to replace reality."
In an interview with NFT.NYC on Monday — after Bitcoin briefly dipped below $20,000 — The Sandbox US CEO Mathieu Nouzareth explained the vision for his Metaverse platform and how the crypto market downturn hasn’t brought down its Metaverse visitor numbers s reason.
Mathieu Nouzareth said: "The Sandbox has not been really affected, I think it is because we are a game, and the game is less affected by the macroeconomic environment." "People come here because it is really interesting, any Anyone can enjoy it."
The Sandbox is a blockchain-based metaverse platform and video game, and a subsidiary of top Web3 venture capital firm Animoca Brands. The company made headlines for selling more than $350 million in virtual land, with one piece even fetching $4.3 million.
Nouzareth, a 27-year entrepreneurial veteran, admitted that the cryptocurrency sell-off has been painful for many investors, though he wasn't too concerned as it wasn't his first bear market.
“I’ve been through five (recessions). But if you keep your head down and focus on building, in two or three years we’re going to see some big, amazing companies pop up after that,” Nouzareth said.
He noted that the company’s overall user base has not declined during the cryptocurrency bear market. Instead, target audiences will still flock to The Sandbox. Because they're not people interested in getting rich overnight, he added.
Nouzareth explained that bear markets encourage longer-term thinking and community building, which is good for companies looking to build a platform that outlasts market cycles.
The Sandbox is meant to complement the existing world, rather than to lure users in such a way that they don't want to spend time in reality, he added.
On Monday, The Sandbox announced a collaboration with one of the most iconic spaces in the real world. Sandbox is partnering with Time Magazine to hold an NFT event in the digitized "Times Square," with the aim of attracting more users into the digital art and business scene.
In June 2022, The Sandbox is hosting its own NFT.NYC event at Gotham Hall near Times Square in New York. Source: Phil Rosen/Insider
The Sandbox aims to combine a cultural sensibility with its gaming roots - and as such, it has successfully partnered with household names such as Snoopy, Adidas, The Walking Dead and the South China Morning Post.
“It’s not a dystopian nightmare like Ready Player One,” Nouzareth said. “We want to be the Manhattan of the metaverse, with exciting brands and artists — but our vision isn’t to replace reality.”
This article is compiled from Market Insider
Original link: https://markets.businessinsider.com/news/currencies/nftnyc-sandbox-us-ceo-metaverse-crypto-winter-digital-time-square-2022-6
In Thailand, armed robbers forced a Ukrainian man to transfer $250,000 in USDT under threat. They restrained him and warned against reporting the crime before fleeing. Thai police soon arrested four suspects, including a regular USDT buyer from the victim.
KikyoHuangzhou-based Nano Labs saw a slight share price increase after announcing it will accept Bitcoin as payment for its products and services.
CatherineApple Studios and A24 are reportedly adapting Michael Lewis's book on Sam Bankman-Fried’s rise and fall, with Lena Dunham as screenwriter. As studios race to capture his scandal, the film highlights the intrigue and volatility of crypto. Will this be the ex-FTX CEO’s lasting legacy?
CatherineCanary Capital has applied to the SEC for a Hedera ETF, following its recent Litecoin ETF push. The announcement briefly boosted HBAR prices before they stabilised. Could a HBAR ETF be on the horizon?
KikyoWorld has launched its digital ID service in Brazil to help combat online identity fraud using biometric scans. With over 16 million users globally, the service aims to distinguish real people from bots amid rising AI threats.
WeatherlyWith Trump’s election victory and the launch of Super Doginals, a free Doge-themed beat-’em-up game on the Doginals protocol, Dogecoin has surged over 10%. The game offers a fun escape amid crypto market volatility and celebrates the Dogecoin community's enthusiasm.
CatherineYoutube's new feature allows creators to use AI to remix songs, offering fresh takes with popular artists' voices. This tool, still in testing, highlights the growing role of AI in music and ensures proper attribution to original creators.
AnaisMeta has reduced the prices of its ad-free subscriptions for Facebook and Instagram in the EU by up to 40%, following regulatory pressure. It has also introduced a new "less personalised" ad option for users who prefer to access the platforms for free.
AnaisPresident-elect Donald Trump announced Tuesday that Tesla CEO Elon Musk and Strive co-founder Vivek Ramaswamy will lead the newly created D.O.G.E, focused on reducing bureaucracy, cutting costs, and streamlining government operations.
KikyoBinance Founder CZ playfully mocks “Bitcoin is Dead” critics as Bitcoin hits a new all-time high, underscoring the cryptocurrency’s resilience and defying those who doubted its longevity.
Catherine