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Renault Korea joins with Sandbox provides virtual experience

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Indrani bose Follow

INDIA

Sep, 08 2022

Sep, 08 2022

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Renault Korea joins with?Sandbox to provide virtual experiences on?vehicles to the users of the metaverse.?The Sandbox announced the partnership on its blog on Monday. 


The Sandbox, a well-known multiplayer metaverse game platform, partnered with the French automaker Renault Korea Motors South Korean division.?Using Sandbox, Renault Korea will offer virtual experiences in a new way on vehicles to users of the metaverse.? 


Renault Korea Motors will receive excellent marketing assistance from The Sandbox in this area. To maintain its long-term engagement with its clients, Renault Korea Motors will rely on its partnership with The Sandbox. It will accomplish this by participating in the virtual environment. To speed up the adoption of the metaverse, The Sandbox recently entered into several investment partnerships. Users of The Sandbox will benefit from this enhanced experience, and the SAND cryptocurrency will gain additional utility. 


Other partnerships that are done by Sandbox : 

The Sandbox has recently entered into a series of investment partnerships to facilitate metaverse adoption. The gaming company and LOTTE WORLD, the largest entertainment park in South Korea, partnered in July. The Sandbox went on the collaboration to leverage LOTTE WORLD's content IP rights for the launch of global NFT games. The gaming company claims that its partnership with LOTTE WORLD has the potential to offer a variety of experiences that could increase the space's appeal. Users can expect to have experiences in both the real and virtual worlds due to LOTTE's introduction into the metaverse. Personal invitations for users of the metaverse are among the experiences that the collaboration fosters. 


Additionally, The Sandbox contributed US$1.7 million to the metaverse agency Index Game. The Sandbox will provide a unique IP arrangement for the Index game.  To create experiences for its decentralized metaverse, it recruited the agency; Becky Wong and Joe Lau to regulate the creation of the Index game. By 2023, the sandbox wants to expand its investment in the organization to $6 million. The NFTs, GameFi, and Web3.0 projects at Index Game will continue to move forward. The platform claims that this tends to increase the possibilities of the connected digital world. 


It also disclosed its collaboration with Tsubasa and Minto Inc. to bring Captain Tsubasa to the metaverse in June. As previously said, the alliance materialized to promote numerous Captain Tsubasa partnerships and ideas conceived on The Sandbox. 


About Sandbox :

Players have opportunities to create, monetize through, and participate in blockchain-based gaming experiences in The Sandbox (SAND/USD).?The Metaverse has LAND parcels represented by non-fungible tokens (NFTs).?This Metaverse's native cryptocurrency, SAND, allows users to participate in the Decentralized Autonomous Organization's governance as well as perform gameplay-related transactions (DAO). 

 


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Indrani bose

CBW - External Analyst

INDIA

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