$SAND (coin of The Sandbox Metaverse)

Background: The Sandbox metaverse is developing into one of the most popular decentralized metaverses alongside Decentraland, Facebook (Meta), and NFT Worlds. The Sandbox has secured substantial investments from blue-chip companies, artists, and influencers looking to monetize virtual land plots. Some notable land acquisitions include Atari, Deadmou5, Snoop Dogg, Adidas, and many more. In addition, Pricewaterhouse Coopers announced that it had purchased land in The Sandbox metaverse. PwC Hong Kong intends to construct a Web3 advisory hub in the metaverse, which will provide numerous professional services that include accounting and taxation.

Transactions within The Sandbox metaverse are done using their own proprietary coin known as SAND. SAND is an ERC-20 standard token and the utility token of The Sandbox virtual world. The maximum supply of SAND tokens is 3 billion SAND and there are currently 921 million SAND outstanding (as of 1/20/22).

Proposal:

WSC Group would purchase the maximum allowable allotment per DAO guidelines and hold for a min. of 6 months.

Timeline: Long-Term Purchase Date: ASAP Sell Date: TBD.

Why this will be a good investment:

2022 is poised to be a huge year for metaverse adoption and The Sandbox is a standout player in this area. One major catalyst behind SAND’s potential rally is Facebook’s recent rebranding to Meta, indicating that it will expand its portfolio to enter the metaverse space. Their involvement has brought the idea of a metaverse into the mainstream, attracting millions of curious people. Sales of VR headsets have been on a steady increase and are poised to explode in 2022. It is also rumored that Apple will be releasing their own VR headset which will help propel metaverse adoption to the masses.

As more companies and artists adopt The Sandbox they will be forced to transact in $SAND to monetize their goods and services, propelling increased adoption. Since the coin has a fixed supply of a maximum 3 billion units, upside potential could be huge.