According to a LinkedIn post published on February 7, Saudi Arabia has struck a deal with the popular blockchain game The Sandbox.
Sebastien Borget, co-founder and COO of The Sandbox, said his blockchain-based virtual world project has signed a memorandum of understanding (MOU) with Saudi Arabia’s Digital Government Authority (DGA).
The deal was signed at the Leap Tech Conference currently being held in Riyadh, Saudi Arabia.
Borget’s announcement gave few details about the nature of the agreement, other than the fact that the two parties would work together on a “metaverse” or VR goal.
The Sandbox’s native token, SAND, surged about 30% after the announcement, going from $0.71 to $0.93 in just a few hours. The token is currently one of the top 45 largest crypto assets by market capitalization.
The sandbox is owned by blockchain group Animoca Brands. So far, it has secured deals with other prominent partners such as banks such as HSBC and Standard His Chartered, well-known companies such as Adidas and Atari, and big names in the music industry such as Snoop Dogg and Warner Music Group. rice field.
Thanks to a mysterious Saudi Arabian partnership, The Sandbox’s 30% winning post first appeared on CryptoSlate.