On Feb. 7, a partnership ceremony was held at the conference, which acknowledged a new memorandum of understanding (MOU) between the Sandbox and the government of Saudi Arabia.

After spending a considerable portion of 2022 in the doldrums, a number of tokens in the metaverse sector have seen considerable gains over the last several weeks, with 18 of the top 20 tokens in the sector seeing gains of up +319%, over the last 30 days.

The Sandbox commenced a token unlock process of 170 million SAND tokens. The market has since traded in a tight range.

Explanations for why The Sandbox and Decentraland’s native tokens more than doubled during the beginning of this year may be elusive, but the rebound is certainly welcome news to anyone who bought in at the bottom of the market.

Explanations for why The Sandbox and Decentraland’s native tokens more than doubled during the beginning of this year may be elusive, but the rebound is certainly welcome news to anyone who bought in at the bottom of the market.

Virtual world Sandbox’s SAND token is witnessing a surge in price over the month ahead of its token unlock scheduled for Feb. 14.

Apple’s rumored VR headset launch appeared to fuel a sharp rally in metaverse tokens, but data suggests that the momentum is not sustainable.

Sandbox [SAND] was an altcoin that rallied after Bitcoin [BTC] surged in the new year. BTC rose from $16.52K on 1 January to $16.96K on 4 January, while SAND lifted from $0.38 to $0.44 in the same period.

This year may have crushed the hopes of many as the metaverse recorded a series of unfortunate events. Leading the pack is Meta’s poor outing this year. Their flagship game, Horizon Worlds, has fallen short of users’ expectations. Things got out of hand when it was revealed that Meta’s staff were unhappy with the game.

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