Sandbox


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How Do You Value Metaverse Projects? We Tried. Here’s What We Found

On a per-user basis, the valuations for Decentraland, Axie Infinity and The Sandbox look quite high. But just picking the right metric is tough in this loosely defined niche.

(Melody Wang/CoinDesk)

Markets

First Mover Asia: Pine Wants to Test the Liquidity of the NFT Market; Cryptos Are Well-Red

The number of users on NFT markets is at its lowest point this year, but still higher than in 2021. The crypto lending platform sees an opportunity.

Most major cryptocurrencies were in the red. (Paolo Bruno/Getty Images)

Opinion

Why on Earth Would Land Be Scarce in the Metaverse?

With their “skeuomorphic” approach to real estate, Web 3 metaverse projects may have fallen into a trap of their own making.

In the real world, there's only one Lombardy, Italy. But that's not quite how "land" works in the metaverse. (Michele Rossetti/Getty Images)

Markets

21Shares Launches Metaverse ETP via Sandbox’s SAND Token

The launch marks 21Shares’ 30th cryptocurrency ETP offered and will be cross-listed on Euronext Paris and Amsterdam

The Sandbox

Videos

HSBC Enters the Sandbox Metaverse; NFTs Coming to Instagram

Do banks have a place in the metaverse? HSBC is the first global bank to buy a plot of land in the Sandbox metaverse, which it will develop to engage with e-sports and gaming fans. "HSBC has recognized where the market is," CoinDesk Managing Editor Christie Harkin says, adding that nobody wants a bank in the digital world. Plus, Meta CEO Mark Zuckerberg says NFTs are coming soon to Instagram. "The Hash" crew discusses the flood of institutions in the metaverse and the inevitability of NFTs on the social network.

Recent Videos

Finance

HSBC Enters the Metaverse Through Partnership With The Sandbox

The bank wants to engage with sports, e-sports, and gaming fans on the metaverse.

HSBC in Canary Wharf, London (Steve Heap/Shutterstock)

Finance

Animoca Brands Will Stop Offering Services to Russian Users: Report

The Hong Kong gaming giant has received legal advice to impose restrictions, the chairman and co-founder said.

The Animoca Brands team in Hong Kong (Animoca)

Markets

Market Wrap: Cryptocurrencies Fall as Sentiment Turns Bearish

The bitcoin Fear & Greed Index declined as macroeconomic and geopolitical concerns linger.

CoinDesk placeholder image

Markets

SAND Token, Below 200-Day MA, Joins Broader Crypto Market in Gloomy Outlook

SAND has dropped below its 200-day average for the first time since July.

Its gloom and doom in crypto markets with major coins trading under the 200-day average. (Source: Pixabay)

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