Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
On February 8, the subsidiary of Animoca Brands and the decentralized gaming virtual world project, The Sandbox, announced the company has partnered with the French video game company Ubisoft. According to the announcement, Ubisoft will have its own land in the virtual metaverse, and the world will begin by featuring voxelized versions of Rabbidsâ characters.
The Sandbox Partners With Ubisoft, Multimedia Game Franchise Owner to Bring IP Elements to the Sandbox Gaming Metaverse
Ubisoft and the Rabbids are coming to the blockchain-based virtual world The Sandbox, according to an announcement from the company. The gaming giant Ubisoft is well known for its multimedia franchises including Assassinâs Creed, Far Cry, Tom Clancyâs, Prince of Persia, Rabbids, and Rayman.
The Sandbox says the project has âstrategically partnered with Ubisoft to introduce Ubisoft game IP elements to The Sandbox gaming metaverse.â To start, Ubisoft is bringing characters from the franchise Rabbids, a spin-off video game stemming from Rayman.
Over the years, the Rabbids series of video games and shows have become popular, as IGN said in 2006 that the game is âengaging and addictive and the titleâs sense of humor is in a league of its own.â Ubisoft has already stepped into the world of non-fungible token (NFT) technology by showcasing Tom Clancyâs gaming series, with NFTs that leverage the Tezos blockchain.
In The Sandbox metaverse, Ubisoft will produce an entertainment zone with interactive experiences. The press release sent to Bitcoin.com News details voxelized versions of Rabbidsâ characters and items will be introduced. Guillaume Mammi, Ubisoftâs senior manager of new business and partnerships, said the firm looks forward to joining the blockchain metaverse world.
âWeâre excited to bring the Rabbids to The Sandbox community and to empower players to create their own original experiences incorporating elements of our gaming IP. We canât wait to see how they make the Rabbidsâ world their own,â Mammi said. The Ubisoft executive added:
The Sandbox is an obvious new fun playground addition to the long list of Rabbids world invasions, and a great opportunity for Ubisoft to experiment a metaverse experience for its brands.
The Sandbox Co-Founder Says âUbisoft Has Proved Its Ability to Stay at the Forefront of Innovationâ
The Sandboxâs native toke sandbox (SAND) is ranked 36, in terms of the top crypto market capitalizations, among 12,474 cryptocurrencies. SAND has a market valuation of around $4.6 billion today and year-to-date, SANDâs value against the U.S. dollar has climbed more than 3,400%.
Statistics from cryptoslam.io indicate in terms of all-time NFT sales, The Sandbox is ranked the ninth-largest with $364.1 million in sales. Out of the $22.9 billion worth of metaverse-based tokens by market capitalization, the SAND token is third below the metaverse-competitors decentraland (MANA) and axie infinity (AXS).
In addition to Ubisoft, The Sandbox has been making various partnerships with well known brands and celebrities since the projectâs inception. Partners include Adidas, Warner Music Group, Atari, The Smurfs, Care Bears, and Snoop Dogg.
Sebastien Borget, COO and co-founder of The Sandbox said in a statement sent to Bitcoin.com News that âUbisoft is a global game company that proved its ability to stay at the forefront of innovation.â
âWe welcome Ubisoft into the open Metaverse as we work together to create new possibilities for players, fans, and creators with blockchain and Web3,â The Sandbox executive added.
What do you think about The Sandbox partnership with the gaming giant Ubisoft and the introduction of voxelized Rabbids? Let us know what you think about this subject in the comments section below.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.