TL;DR: Forkast Labs has partnered with The Sandbox to transform the measurement of digital asset value in the metaverse. The partnership aims to provide comprehensive coverage and insights into the blockchain gaming industry, allowing brands to track the market performance of their metaverse assets in real-time. With in-depth articles and media exposure, Forkast aims to raise awareness of the transformative potential of blockchain-based virtual worlds.
Unleashing the Value of the Metaverse
Forkast Labs, a global Web3 data intelligence company, has formed a strategic partnership with The Sandbox, a decentralized gaming virtual world and subsidiary of Animoca Brands. The collaboration aims to transform the measurement of digital asset value in the metaverse. The announcement was made at The Verse by Finoverse, a web3 community space in Hong Kong.
The Sandbox allows players to create, own, and monetize virtual assets and experiences using non-fungible tokens (NFTs) and blockchain technology. Through intuitive creative tools, users can build immersive gaming experiences, socialize with other players, and participate in a digital economy.
As part of the partnership, Forkast will work closely with The Sandbox to provide comprehensive coverage and insights into the blockchain gaming industry. Leveraging Forkast Labs’ multichain data infrastructure and expertise in blockchain data and journalism, the collaboration aims to give The Sandbox significant media exposure and recognition within the global blockchain community.
Forkast will develop metaverse indexes that measure the performance of Fashion, Gaming, Music, and other NFT assets in The Sandbox. The Sandbox’s brand partners, including Warner Music Group, Ubisoft, and Gucci Vault, will be able to track the market performance of their metaverse digital assets in real-time using Forkast Labs’ Web3 data infrastructure.
Additionally, Forkast will produce in-depth articles, interviews, and video content highlighting the innovative economic and social activities of brands within The Sandbox and their impact on the gaming and blockchain sectors. By presenting the data in a way that is easily understandable, Forkast aims to raise awareness and understanding of the transformative potential of blockchain-based virtual worlds.
Angie Lau, co-CEO and co-founder of Forkast Labs, mentioned the devlopment as ‘the first and most important step in the maturing of the digital asset space.’
She also expressed excitement about developing standards that would help determine the value of digital assets.
Randy Wasinger, co-founder and co-CEO of Forkast Labs, emphasized the importance of championing both on-chain and off-chain data.
The teams at Forkast Labs and The Sandbox are working together to create a tool that provides a reliable view of the digital economy, enabling users and companies in the Web3 space to understand the value of their ventures in the metaverse.
Sebastien Borget, Co-founder and COO of The Sandbox, believes that the partnership with Forkast Labs will bring more transparency and understanding of the activities in the metaverse.
Furthermore, Borget expressed confidence in Forkast’s extensive reach and industry expertise. Through their media exposure and comprehensive coverage, Forkast has the capacity to accelerate the adoption of Web3 technologies and foster a wider acceptance of true digital ownership within virtual worlds.