The Sandbox wants to be the Manhattan of the metaverse

The Sandbox is likely one of the main metaverse tasks on this planet, and the CEO mentioned they’ve larger plans forward.

Mathieu Nouzareth, the CEO of The Sandbox, instructed Markets Insider in a latest interview that he desires The Sandbox to turn out to be the Manhattan of the metaverse. 

The CEO defined his imaginative and prescient for The Sandbox and talked in regards to the rising appreciation for the metaverse. When requested in regards to the bear market’s impact on The Sandbox, Nouzareth mentioned;

“The Sandbox hasn’t really been impacted, and the reason I think is because we are a game, and games are less impacted by a macroeconomic environment. People come because it’s really a ton of fun, anyone can enjoy it.”

The cryptocurrency market has misplaced greater than 60% of its worth over the previous few months, and we’re presently in a bear market. Nonetheless, Nouzareth mentioned the bear market isn’t new to the cryptocurrency area. He mentioned;

“I’ve seen five of these [downturns]. But if you keep your head down and focus on building, in two, three years, we will see some massive, amazing companies that will emerge after this.”

The Sandbox’s CEO mentioned the platform’s userbase has not decreased regardless of the continued bear market. As an alternative, he believes that the appropriate sort of customers will enter the market since they aren’t curious about a get-rich-quick scheme.

SAND, the native token of The Sandbox, is likely one of the high 50 cryptocurrencies by market cap. At press time, SAND is buying and selling at $0.87 per coin, down by greater than 89% from the all-time excessive of $8.40 it recorded in November 2021.

When requested to elucidate The Sandbox, the CEO mentioned;

“It isn’t like ‘Ready Player One,’ a dystopian nightmare. We want to be the Manhattan of the metaverse, a concentration of exciting brands and artists — but our vision isn’t to replace reality.”

The metaverse continues to play an enormous function within the development of the broader cryptocurrency ecosystem.