Metaverse gaming more about content creators than land speculation, says The Sandbox cofounder

The high-flying days of metaverse land speculation might have come to an end, but according to The Sandbox co-founder Sébastien Borget, this hasn't slowed down the adoption of digital spaces by major brands and users in Asia and the Middle East. Interest in The Sandbox, which is a blockchain-based twist on the voxel gaming craze popularized by Minecraft, has shifted away from speculation and toward offering real gaming experiences. Meanwhile, data from The Block's data dashboard reveals that the price of digital land, which creators must possess to offer mini-games experiences, has remained stagnant. Since the start of the year, the seven-day moving average for land sale prices on Sandbox has consistently hovered between $500 and $1,000 per plot. This is a significant departure from the staggering price tags of over $15,000 per plot that were achievable in 2021. The summer experience provided players with the opportunity to win a year's supply of McNuggets and 100,000 SAND, Sandbox's native token. In some instances, Sandbox collaborates with these brands to offer experiences and attract players through revenue sharing.