"Investors are ready, just a little more time for SAND to go up to $1."
After the United Arab Emirates and other countries compete with each other, Saudi Arabia also refuses to be left behind in developing its own rapidly growing metaverse.
It is already known that the United Arab Emirates and Saudi Arabia have delved into the world of cryptocurrencies, Web3 including the metaverse since a long time ago.
Recently, Ethereum (ETH)-based metaverse gaming platform The Sandbox and Saudi Arabia's Digital Government Authority (DGA) signed a memorandum of understanding (MOU) to work together to build a metaverse project.
It was reported that the memorandum was signed in the capital Riyadh during the Leap Tech Conference and the co-founder of The Sandbox named Sebastien Borget who represented to sign the agreement will give more details in the near future.
According to the Chief Executive Officer (CEO) of The Sandbox, Arthur Madrid is very confident that the agreement can provide various benefits to both parties to develop the metaverse globally.
Impact of the following announcement, the price of the SAND digital asset founded by The Sandbox managed to jump by 27.34% at the level of $0.9027 in the last 24 hours.
In the meantime, the platform after completing a Series B* funding round totaling $93 million led by Softbank Vision Fund has continued to raise its value by $400 million.
*Second round of financing for businesses through investments, including private equity investors and venture capitalists
