NFT Technologies Inc., a leading technology company in the web3 space, has entered into partnerships with Run It Wild, a web3 studio and The Sandbox, a decentralized gaming virtual world.
Adam De Cata, CEO of NFT Tech, said: “Most brands and rights holders today connect to their audiences across multiple platforms, from TikTok, Twitter, Instagram, Meta, LinkedIn, the list goes on.”
“We see emerging virtual worlds and environments as the next great place to reach new web3-native audiences and also create deeper engagement and more meaningful experiences for existing customers. Delivering games alongside creative strategies and concepts for our current and future IP in the Sandbox is a perfect partnership with a leading metaverse on the Ethereum blockchain,” Adam added.
The Sandbox is a metaverse-style platform that allows different worlds and characters to interact. The Sandbox ecosystem uses SAND, an ERC-20 utility token, for transactions and gameplay, with a current market cap of over $2 billion, according to CoinMarketCap.
The partnership is in line with The Sandbox’s efforts to expand its ecosystem by attracting new brands and intellectual property to the virtual world.
The Sandbox is planning to launch new LAND sales and flagship neighborhoods to celebrate cultural and geographical diversity within the metaverse.
The transaction for NFT Tech to acquire Run It Wild is expected to close by February 24, 2023.
This partnership represents a significant step forward in the growth of The Sandbox’s ecosystem and the integration of innovative technologies in the world of web3.