Will The Sandbox’s Latest NFT Drop Help Reverse Climate Change?
The emerging sector of the metaverse is rising higher since the previous day. Migrants flock into the booming sector with numerous projects trekking the summit while garnering traction of enthusiasts in the space. Meanwhile, certain sections of proponents believe metaverse to be overvalued to step in for investments.
The metaverse sector is up by 1.79% with a market cap of $52,153,344,212 at press time. Whilst the trading volumes are down by 12.69% at $8,467,385,352. Metaverse giant The Sandbox has been flourishing at a steady pace, the platform has made announcements of the next NFT drop towards an eco-friendly initiative. While holding a sale of digital lands from Snoop Dogg.
Will The Sandbox Dominate The Metaverse?
The Sandbox has made announcements of the next NFT drop in partnership with Nori. The alliance will help reverse climate change. 100 copies of the NFT “Ode to Earth” minted will be sold for 100 SAND each. The NFTs will be dropped to the Sandbox marketplace today, that is the 3rd of December at 3 pm UTC. Successively, 2X of the proceedings from the collection will be going towards CO2 removal projects.
Another major bulletin coming from the platform is the sale of Snoop Dogg’s digital land. The sale includes 122 lands, 67 premium lands + exclusive NFTs, and 3 estate auctions. Landowners will be able to collect NFTs and gain SAND through gameplay. SAND has also passed $2.9 Billion in transaction volume in the last 24-hours.
The Sandbox (SAND) Price
SAND price at the time of writing is trading at $6.44 while registering gains of 3.6%. While the market capitalization of the digital asset is floating around $5,872,413,795. The volume for trades around the clock is $2,059,665,236. The price of SAND has been trading in the frequency from $6.19 to $6.87. While the ATH of $8.40 was hit about 8-days ago.
The digital asset is currently trading closer to its support levels. A push from the bulls could take the price above the level of $6.75, prior to entering the $7 range. On the flip side, the SAND price could fall to levels around $6.2, a further plunge could take it to levels around $6.
Collectively, The Sandbox has been one of the top-tier protocols in the metaverse sector. The growth metrics of the protocol are imperative for SAND holders and for the metaverse industry as well. Which would further persuade emerging platforms in the segment to flourish higher. Hopefully, the SAND price claims it’s $10 by the end of the year.