The Sandbox Seals Deal With Saudi Arabian Digital Government Authority

2023-2-8 00:57

Metaverse momentum has found new life. The Sandbox has signed an initial partnership deal with Saudia Arabia’s Digital Government Authority (DGA) around a yet-to-be-determined scope.

2022 brought a damper to major metaverse momentum that was built throughout 2021, as bear market conditions took over. However, the first 30 days of 2023 have started off strong, and there a number of once-active crypto niches that are finding fresh life.

The Sandbox Sees New Life

In a LinkedIn post that was published on Thursday, The Sandbox COO and co-founder Sebastien Borget broke the news, stating 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, and we look forward to exploring, advising and supporting mutually each other in activations of the Metaverse!”

MOUs, or memorandums of understanding, are considered the first binding agreement of deals of this nature – generally signaling intent for signature for a broader agreement, while establishing the parameters and scope of such an agreement.

Little is known of the partnership beyond Borget’s statement, particularly with regards to scale and scope, leaving spectators with more questions than answers.

Metaverse Momentum

Borget’s announcement was made the at LEAP Tech Conference at the Riyadh Front Expo Centre in Riyadh, Saudi Arabia. It’s the first noteworthy partnership we’ve seen from any major metaverse player lately, including The Sandbox’s primary competitor Decentraland.

While the metaverse space has been quiet, it’s far from dead, and this partnership could be an early pillar of momentum for more to come if the market is indeed changing tides. Before this news, we haven’t seen much noteworthy from either major metaverse competitor since mid-year last year, when our team covered The Sandbox’s partnership with Playboy.

However, it will take a lot more than just this one deal – especially with an unknown scope – to signal a real change in momentum.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

The Sandbox (SAND) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.3972
Капитализация $0 Rank 99999
Цена в час новости $ 0.8975 (-100%)

authority government metaverse momentum digital sandbox deal

Источник: bitcoinist.com

authority government → Результатов: 126


Фото:

FCA Issues Fresh Crypto Warning to UK Investors

Fresh from enacting its ban on the sale of crypto derivatives to retail traders, the U.K. Financial Conduct Authority (FCA) has issued new warnings about crypto investments to consumers. Meanwhile, commercial banks in the country are adopting a more anti-cryptocurrency stance refusing to accept deposits from virtual currency sources even as the government appears setRead More

2021-1-11 20:00


Фото:

German Government Recognizes VeChain’s Drive to Improve Traceability and Supply Chain Management

Considering the massive strides VeChain has made in the last few years, the recognition by a Germany’s Federal Office for Information Security (BSI) in a recent report is a major shot in the arm.   VeChain, EOS, Corda Stand Out The BSI is Germany’s national cybersecurity authority in charge of managing computer and communication security inRead MoreRead More.

2020-6-10 19:00


Swiss Financial Regulator, FINMA, Licenses Local Bank To Carry Out The Crypto Transactions

Switzerland’s top financial regulator, Financial Market Supervisory Authority (FINMA) grants local banks, InCore, the first license to transact digital currencies. This adds to the accelerated efforts from the Swiss government in the blockchain field so far in 2020 with the government looking to implement a central bank digital currency (CBDC). InCore, first Swiss bank licensed […]

2020-5-31 16:23


Фото:

Dubai Launching Crypto Valley in Tax-Free Zone

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, […] The post Dubai Launching Crypto Valley in Tax-Free Zone appeared first on Bitcoin News.

2020-1-27 19:30


Фото:

Dubai Launching Crypto Valley in Tax-Free Zone – No Personal or Corporate Income Tax

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone where there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, […] The post Dubai Launching Crypto Valley in Tax-Free Zone – No Personal or Corporate Income Tax appeared first on Bitcoin News.

2020-1-27 19:30


FCA Will Make Final Decision On Whether To Ban Crypto Derivatives (CFDs and ETNs) in the UK

The government of the United Kingdom has recently affirmed that its regulators and the executive should decide whether crypto derivatives should be banned for retail investors or not. According to the reports, the economy secretary John Glen affirmed that the Financial Conduct Authority (FCA) was the only entity that would determine if the ban should […]

2019-10-23 23:34


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

CyberKongz: SEC Wells notice sparks debate - Are NFTs a security?

CyberKongz receives a Wells notice from the SEC, signaling potential securities law violations. Despite regulatory scrutiny, CyberKongz NFTs have seen a 14.7% increase in floor price. CyberKThe post CyberKongz: SEC Wells notice sparks debate - Are NFTs a security? appeared first on AMBCrypto.

Pudgy Penguins gains over BAYC - What caused this shift?

The floor end of Pudgy Penguins has jumped 87% in the last 90 days. The NFT is now more valuable than BAYC. Pudgy Penguins is making waves recently, thanks to an upcoming token launch announThe post Pudgy Penguins gains over BAYC - What caused this shift? appeared first on AMBCrypto.

Binance to list PENGU and CAT on Dec. 17

Binance will list Pudgy Penguins’ native token PENGU alongside the Simon’s Cat meme coin on Dec. 17. After the Binance listing announcement, CAT went up nearly 65%. In a company notice, major crypto exchange Binance announced plans to list PENGU,…

Here’s why Magic Eden’s airdropped token flopped 67%

Magic Eden, one of the largest non-fungible token marketplaces, saw its newborn airdropped coin become a flop right after its launch on Tuesday, Dec. 10. According to a blog post, the NFT marketplace, launched in September 2021, allocated 12.5% of…