HomeNewsThe Sandbox Now Holds SHIB and DOGE: What's Next?

The Sandbox Now Holds SHIB and DOGE: What’s Next?

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  • The Sandbox will integrate SHIB and DOGE to enhance its virtual world.
  • Shiba Inu shows technological innovation beyond its meme coin roots.

Popular for fusing blockchain technology, virtual reality (VR), and gaming, metaverse firm The Sandbox has declared that it now holds Shiba Inu (SHIB), Dogecoin (DOGE), and a number of other meme coins on its platform.

This calculated action attempts to bring the distinct cultures of these well-known cryptocurrencies into the metaverse.

A Legacy of Innovation 

Launched as a world-building mobile video game in 2012, The Sandbox has undergone constant development. 2020 saw the firm raise $2 million in cash and cryptocurrency to create an Ethereum-powered game universe.

A major change in the gaming business, this platform enables users to monetise their experiences with non-fungible tokens (NFTs).

During the NFT boom of 2021, the Sandbox attracted a lot of interest since virtual real estate became highly sought-after.

Specifically, hip-hop singer Snoop Dogg generated a lot of buzz by building the Snoopverse inside The Sandbox. Early in 2022, at the height of the metaverse craze, an enthusiastic fan paid $450,000 to be Snoop Dogg’s virtual neighbor.

When The Sandbox raised $20 million in new capital earlier this year, it became a unicorn. This significant investment will facilitate the creation of additional social media, gaming, and editing capabilities, therefore improving its decentralized virtual world even more.

Expands Metaverse with SHIB and DOGE Integration

Buying meme coins like DOGE and SHIB recently highlighted The Sandbox’s dedication to remaining up-to-date with market developments. The firm said:

“We believe that the culture of creativity is a cornerstone of the open metaverse and take time to engage in and help grow the Web3 ecosystem to benefit those who are a part of it.”

Shiba Inu’s Market Performance

Meanwhile, CoinMarketCap data shows that SHIB is currently valued at about $0,00001875, up 2.87% from the previous day. It has, nevertheless, dropped 14.76% in the last week, suggesting a negative trend.

On the other hand, ETHNews previously reported on Forbes an acknowledgement of Shiba Inu’s technical innovation and practical use, which go beyond its meme coin beginnings.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: [email protected] Phone: +49 160 92211628