Meta and Microsoft have formed the Metavars Standard Association, and the release of this news has led to a 20% increase in sandboxes.
According to CoinMarketCap, the price of SAND cryptocurrencies has risen 16% in the last 24 hours to $ 1.3086. The price of Mana ciphers also increased by 9% to $ 1.02 during the same period.
Read more: How to buy land in SandBox
Sandbox growth of 20%
Sandbox And Decentraland Atrium-based cryptocurrencies are where users will be able to purchase virtual domains, some of which can cost up to several million dollars. If Metavars becomes the future of the Internet, the price of digital media will rise sharply.
The news of the collaboration between Meta and Microsoft to form the Metavars Standards Association was officially announced on Tuesday. Alibaba and Sony companies are also active in this association. The purpose of this collection will be to strengthen coordination and cooperation between hundreds of different companies.
Many Web3 practitioners are still skeptical of the Metavars Standards Association. Danny Greene, CEO of Meebits DAO, said in an interview with Decrypt:
Our ultimate goal is to fight for a decentralized future, and these companies represent shareholders.
In the past, Yat Siu, founder and CEO of Animoca Brands software and investment firm, has likened meta ambitions to “digital colonization.”
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Source: decrypt