The Sandbox is one of the world’s leading Metaverse projects, and the CEO said he has big plans ahead.
Matthew Nauzreth, CEO of The Sandbox, told Markets Insider In a recent interview that he wants The Sandbox to become the Manhattan of the metaverse.
The CEO explained his vision for The Sandbox and talked about the growing appreciation for the Metaverse. When asked about the impact of the bear market on the sandbox, Nauzreth said;
“Sandbox hasn’t really been affected, and I think that’s because we’re a game, and games are less affected by a macroeconomic environment. People come because it’s really a lot of fun, no matter what. can enjoy.”
The cryptocurrency market has lost over 60% of its value over the past few months, and we are currently in a bear market. However, Nauzreth noted that bear markets are not new in the crypto space. he said;
“I’ve seen five of these [downturns], But if you keep your head down and focus on manufacturing, in two, three years, we’ll see some big, amazing companies that emerge after that. ,
The CEO of Sandbox said that the userbase of the platform has not decreased despite the current bear market. Instead, he believes the right kind of users will enter the market because they are not interested in a get-rich-quick scheme.
Sandbox’s native token, Sand, is one of the top 50 cryptocurrencies by market cap. As of press time, SAND is trading at $0.87 per coin, which is down more than 89% from the all-time high of $8.40 recorded in November 2021.
When asked to explain The Sandbox, the CEO said;
“It’s not like ‘Ready Player One,’ a dystopian nightmare. We want to be the Manhattan of the metaverse, a concentration of exciting brands and artists — but our vision is not to replace reality.
The metaverse is playing a big role in the development of the wider cryptocurrency ecosystem.