Sandbox (SAND) Surged 10% as Elvis Enters the Metaverse
The popular Metaverse platform Sandbox announced a collaboration with Elvis On-Chain on May 26 to bring the King of rock and roll to the virtual world.
The partnership includes Elvis Presley Enterprises, and Web3 studio Run it Wild, which spawned the project earlier this year. In addition to the Sandbox, partners include Decentraland, Dappraft, Metakey, and Voxel Architects.
To celebrate Elvis Presley’s birthday, 1,935 Elvis Genesis Key NFTs will be minted as the all-access pass to the Elvis-On-Chain Metaverse, which will launch on June 1.
🎙️ Ladies and gentlemen…@elvispresley has left the building and entered #TheSandbox! pic.twitter.com/5Ks7sws7k2
— The Sandbox (@TheSandboxGame) May 25, 2022
All Shook Up
The Sandbox is creating Elvis avatars with partners at Voxel Architects. They will be used in the new Elvis world, a meeting place for Elvis fans across the globe. Users can become ‘The King’ in various formats in the new realm where they can interact with others and trade digital memorabilia.
According to NFT Culture, Run It Wild Director Adam De Cata said:
“These incredible partners, all leaders in the craft, help us build a one-of-a-kind meeting place for Elvis fans. The Elvis metaverse will host an array of ground-breaking experiences, generative collections, a showcase of rare concerts, fan experiences, and real events,”
Sébastien Borget, COO and co-founder of The Sandbox, added, “We want to empower his fans to express themselves and become their very own Elvis, creating an exciting way to experience his likeness across generations and keep him forever in the limelight thanks to technology.”
An Elvis Block Party will be hosted on Decentraland after the genesis NFT mint. It will also be a Guinness World Record attempt for the most Elvis impersonators in one place in the Metaverse.
Attendees will be able to put Elvis wearables, including his jumpsuit and styled wig. At the same time, holders of the elusive Elvis Genesis Key NFTs will be awarded officially licensed Elvis Decentraland wearables, the report added.
The Sandbox will announce more details at 19.00 UTC on May 26 at a Twitter Spaces event.
SAND Surges 10%
The native token for the Metaverse project surged almost 20% over the past 12 hours on the announcement but retraced slightly after that. SAND reached an intraday high of $1.52 before retreating slightly to $1.40 at the time of writing.
The Metaverse token has jumped by 23% over the past week, moving in the opposite direction to most crypto assets. It acquired Uruguayan tech firm Cualit last week, adding to the momentum. SAND is currently trading 83% down from its November all-time high of $8.48, according to CoinGecko.
Decentraland’s MANA token also got boosted 9% over the past 12 hours, reaching $1.11 before pulling back slightly. MANA is also down a similar amount from its peak price, however.
Featured Image Courtesy of Sada El Balad
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