Thu. Aug 11th, 2022

The CEO of The Sandbox, Mathieu Nouzareth, explained his point of view on the metaverse and how it is not affected by the bear market that cryptocurrencies are going through.. Not only that, even the CEO of Meta Platform, mark zuckerbergsaid foresees a billion people earning hundreds of dollars in the new dimension.

The CEO of The Sandbox explains how the cryptocurrency bear market does not affect the metaverse

New partnership to bring TIME Square to The Sandbox metaverse According to reportsthe CEO of The Sandbox, Mathieu Nouzareth, explained his point of view on the metaverse and how the bear market trend in cryptocurrencies, the so-called “crypto winter”, does not affect the blockchain game. In his interview at the NFT.NYC conference, this is how Nouzareth described his thoughts on the matter:

“Sandbox hasn’t really been affected, and I think the reason is because we’re a game, and games are less affected by a macro environment,” Mathieu Nouzareth told Insider. “People come because it’s really fun, anyone can enjoy it. […] I’ve seen five of these [recesiones]. But if you keep your head down and focus on building, in two or three years, we’re going to see some amazing, massive companies coming out of this.”

Nouzareth, a 27-year-old businessman, noted that, as has been the case before, the downtrend in the cryptocurrency market has not affected the number of people visiting the metaverserather it seems that the right users continue to flock to The Sandbox because they are not those interested in an easy scheme to make money. With its celebrated partnerships, The Sandbox aspires to become the “Manhattan of the Metaverse”a concentration of exciting brands and artists.

The Sandbox in association with TIMEPieces to create “Time Square” in the metaverse

Recently, The Sandbox announced a partnership with TIMEPieces to create the Time Square location in its blockchain metaverse, reinventing it as a virtual center for art and commerce. TIME Square will rise above the TIME grounds in The Sandbox, while TIMEPieces is reaching out to its vibrant community and metaverse enthusiasts around the world to identify a visionary architect that can recreate and reimagine the destination as a voxel creation. Not only that, also this week, The Sandbox launched a scavenger hunt in conjunction with OVRnamed OVER The Reality, the platform that offers a metaverse with geolocated AR. The treasure hunt involves users download the OVER app and start to collect NFTs from The Sandbox in Manhattanall in exchange for awards at sand.

Mark Zuckerberg imagines the metaverse opening up a massive economy

The CEO of Meta Platform, mark zuckerbergalso shared his vision of the metaverse in a interview with CNBC, explaining that he expects a billion people to earn hundreds of dollars in the new dimension. Here are his words:

“Basically, we hope to reach about a billion people in the metaverse doing hundreds of dollars in trade, each buying digital goods, digital content, different things to express themselves, whether it’s clothes for your avatar or other digital goods for your virtual home. . or things to decorate your virtual conference room, utilities to be able to be more productive in virtual and augmented reality and in the whole metaverse in general”.

Experiences in the metaverse can be more immersive than text, photos, or videos, which are present on Facebook and Instagram, and thus will be a major theme for Meta in the next decade, Zuckerberg said. The expectations for the CEO of Meta in the metaverse are very clear. Zuckerberg, in fact, claims that the economy of the metaverse is huge. Recently, Meta joined Epic Games, Adobe, Microsoft, Sony and many other tech giants to throw the Metaverse Standards Forum to create an interconnected and open system in the metaverse.

By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on wttspod.com for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.