The Sandbox

Mirror

Galxe

Walking Dead

In a bid to dive deep into the web3 space, Forbes has rolled out a virtual ‘luxurious pool’ for players in The Sandbox. 
Forbes has recently <a href="https://www.forbes.com/sites/digital-assets/2024/02/19/forbes-launches-permanent-presence-in-the-sandbox-metaverse/" target="_blank" rel="noreferrer noopener">announced</a> its entry into <a href="https://crypto.news/tag/the-sandbox/" target="_blank" rel="noreferrer noopener">The Sandbox</a> metaverse, claiming a permanent piece of virtual land. Describing the purchase as a testament to its faith in the <a href="https://crypto.news/tag/metaverse/" target="_blank" rel="noreferrer noopener">metaverse</a>‘s transformative potential, Forbes envisions the space as a bustling community hub offering various interactive experiences, workshops, and events. 
Although specific details about these experiences are yet to be revealed, Forbes boasts that its virtual environment already has features like a “luxurious pool, an elegant bar, and a comprehensive gallery dedicated to celebrating the 2024 Under 30 recipients.” 
<blockquote class="wp-block-quote"> 
 “Our venture into The Sandbox metaverse is a testament to Forbes’ commitment to embracing the forefront of technological innovation.” 
 Taha Ahmed, Forbes chief growth officer 
</blockquote> 
 You might also like: <a href="https://crypto.news/forbes-launches-connect-wallet-signaling-web3s-mainstream-aspirations/"> Forbes launches Connect Wallet, signaling web3’s mainstream aspirations </a> 
However, insights from NFT Price Floor paint a different picture of the virtual land market. Data <a href="https://nftpricefloor.com/the_sandbox" target="_blank" rel="noreferrer noopener">shows</a> a steady decline in the average price per land in The Sandbox since October 2022, hitting an all-time low of 0.204 ETH per land as of Feb. 20. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="413" src="https://crypto.news/app/uploads/2024/02/gulaydgfyusd-1024x413.png" alt="Forbes purchases land in The Sandbox to revive metaverse hype - 29" class="wp-image-14250518">
 <figcaption class="wp-element-caption">
 Price floor for a piece of land in The Sandbox | Source: NFT Price Floor
 </figcaption>
</figure> 
Similarly, <a href="https://crypto.news/tag/decentraland/" target="_blank" rel="noreferrer noopener">Decentraland</a>, another virtual reality project focused on the metaverse, is also <a href="https://nftpricefloor.com/Decentraland" target="_blank" rel="noopener">witnessing</a> an investor exodus, with the average floor price per land reaching an all-time low. Despite these market trends, Forbes remains steadfast in its strategy, aiming to set a “new standard for what a metaverse experience can be.” 
Forbes’ latest move appears to be part of its ongoing efforts to cultivate a web3 community, potentially ahead of a new crypto rally. In December 2023, crypto.news <a href="https://crypto.news/forbes-partners-with-galxe-to-build-web3-community/" target="_blank" rel="noreferrer noopener">reported</a> Forbes’ collaboration with blockchain startup Galxe to venture deeper into the web3 market with a project called ForbesWeb3. 
 Read more: <a href="https://crypto.news/the-sandbox-hopes-to-spur-land-sales-using-black-mirror-and-the-walking-dead/"> The Sandbox hopes to spur LAND sales using Black Mirror and The Walking Dead </a>

Forbes purchases land in The Sandbox to revive metaverse hype

crypto.news

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