{"id":296664,"date":"2023-02-08T09:00:59","date_gmt":"2023-02-08T09:00:59","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=296664"},"modified":"2023-10-21T22:23:12","modified_gmt":"2023-10-21T21:23:12","slug":"the-sandbox-gains-30-following-mysterious-saudia-arabia-partnership","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/the-sandbox-gains-30-following-mysterious-saudia-arabia-partnership\/","title":{"rendered":"The Sandbox gains 30% following mysterious Saudia Arabia partnership"},"content":{"rendered":"<p>Saudi Arabia has signed an agreement with the popular blockchain game The Sandbox, according to a LinkedIn post published on Feb. 7.<\/p>\n<p>Sebastien Borget, co-founder and COO of The Sandbox, <a href=\"https:\/\/www.linkedin.com\/posts\/borgetsebastien_leap2023-activity-7028779375302955008-ytmx\">said<\/a> that his blockchain-based virtual world project had signed a memorandum of understanding (MOU) with Saudi Arabia's Digital Government Authority (DGA).<\/p>\n<p>The agreement was signed during the Leap Tech Conference, which is currently taking place in Riyadh, the capital city of Saudi Arabia.<\/p>\n<p>Borget's announcement gave few details about the nature of the agreement apart from the fact that the two parties would work together on &#8220;metaverse&#8221; or VR goals.<\/p>\n<p>The Sandbox's native token <a href=\"https:\/\/cryptoslate.com\/coins\/the-sandbox\/\">SAND<\/a> gained roughly 30% following the announcement \u2014 rising to $0.93 from $0.71 in a matter of hours. The token is currently among the top 45 largest crypto assets by market capitalization.<\/p>\n<p>The Sandbox is owned by the blockchain group Animoca Brands. It has previously secured agreements with other notable partners, including banks such as <a href=\"https:\/\/cryptoslate.com\/hsbc-plunges-into-the-metaverse-via-sandbox-partnership\/\">HSBC<\/a> and <a href=\"https:\/\/cryptoslate.com\/standard-chartered-joins-other-financial-institutions-in-the-metaverse\/\">Standard Chartered<\/a>, household names like Adidas and Atari, and names in the music industry like <a href=\"https:\/\/cryptoslate.com\/snoop-dogg-to-hold-concert-in-the-sandbox-joins-twitter-spaces-with-charles-hoskinson\/\">Snoop Dogg<\/a> and <a href=\"https:\/\/cryptoslate.com\/the-sandbox-partners-with-warner-music-group-to-create-a-musical-themed-metaverse\/\">Warner Music Group<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia has signed an agreement with the popular blockchain game The Sandbox, according to a LinkedIn post published on Feb. 7. Sebastien Borget, co-founder and COO of The Sandbox, said that his blockchain-based virtual world project had signed a memorandum of understanding (MOU) with Saudi Arabia&#8217;s Digital Government Authority (DGA). The agreement was signed [&hellip;]<\/p>\n","protected":false},"author":1403,"featured_media":296734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77055,5789],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Sandbox gains 30% following mysterious Saudia Arabia partnership<\/title>\n<meta name=\"description\" content=\"Saudi Arabia signs agreement with The Sandbox \u2014 details unknown, but pumps SAND price roughly 30% towards $1 milestone.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/the-sandbox-gains-30-following-mysterious-saudia-arabia-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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