The Sandbox Partners with Saudi Arabia’s Digital Government Authority
• The Sandbox, an Ethereum-based virtual world platform, has signed an initial partnership deal with Saudia Arabia’s Digital Government Authority (DGA).
• This Memorandum of Understanding signals intent for a broader agreement and establishes the parameters and scope of the partnership.
• This news could be an early pillar of momentum for more to come in the metaverse space.
Metaverse Momentum Growing
Metaverse momentum has been on the rise once again as 2021 saw a period of growth before bear markets took over in 2022. However, the first 30 days of 2023 have been promising, with a number of crypto niches regaining life. The latest development is The Sandbox’s initial partnership deal with Saudia Arabia’s Digital Government Authority (DGA).
Details of Partnership Agreement
The Memorandum of Understanding (MOU) that was signed during #leap2023 conference signals intent for signature for a broader agreement while establishing the parameters and scope of such an agreement. Little is known about this particular partnership beyond what was stated by COO and co-founder Sebastien Borget on LinkedIn – that it was „a true honor to sign our MOU partnership ceremony between The Sandbox and the Saudi Arabia Digital Government Authority (DGA) during #leap2023 conference“.
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The metaverse space has been quiet lately but this recent news from The Sandbox could be an early pillar of momentum for more to come if the market is indeed changing tides. With little known about this particular partnership beyond what was stated by COO Sebastien Borget , onlookers are left with more questions than answers – however, it will take more than just one deal to signal a shift in overall market sentiment so time will tell what comes next.