The Sandbox And Coincheck Team Up In The Metaverse

The Sandbox, a blockchain project that created a metaverse dedicated to the creation of building, buying, and selling game-related digital assets, recently announced a partnership with crypto services provider, Coincheck. The two companies have teamed up to create a new metaverse city called Oasis TOKYO.

What is Oasis TOKYO?

Checkpoint and The Sandbox started collaborating in September 2020, when they worked together to promote The Sandbox in the Japanese market. As a freshly launched project, the time was right for The Sandbox to raise brand awareness. Meanwhile, Coincheck sought to use the partnership and campaign to increase the sale of land on its NFT marketplace, known as Coincheck NFT.

This new project revolves around creating a near-future city that will be built on Coincheck-owned land. The company has not released details regarding the project, but noted that information will be published sometime during the spring of 2022.

Coincheck did say that Oasis TOKYO will be a community platform which combines the metaverse and non-fungible tokens (NFTs). It will showcase the concept of the near-future cities (based on projections from the year 2035), with various facilities spread throughout the city, such as art museums, stages, and art galleries.

The facilities will be located in “a symbolic streetscape that evokes the image of Japan.” The goal is to create a forum for artists and their fans, giving them an easy way to connect. At the same time, companies who decide to participate in this metaverse will be encouraged to develop their own sub-communities.

The metaverse trend is growing

With the metaverse becoming a massive trend in late 2021, the general dynamics of the world’s leading crypto and blockchain ecosystems have undergone a paradigm shift. We see this with Facebook’s rebrand to “Meta”. But the excitement over the metaverse is not just limited to corporations; entire countries are starting to unveil their own metaverse strategies.

In November 2021, Barbados revealed plans to establish the world’s first metaverse embassy. In January 2022, the Australian Open announced that it will use Decentraland’s metaverse to host various events for fans who can not attend in-person due to COVID-19 restrictions.

Leading players in the world of cryptocurrency continue to step up their efforts to boost metaverse adoption–offering digital land, blockchain-based gaming, and digital worlds related to the arts. Just recently, Huobi started a campaign worth $100 million that aims to explore innovation within metaverse ecosystems. The emergence of the metaverse sector will remain a dominant trend for years to come.

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