As the world’s largest Metaverse with a market cap of $4 billion, the company will use the summit to discuss the future of both The Sandbox and the Metaverse concept itself. The Summit will also feature Smobler Studios’ Metaverse for Good initiative. Yat Siu, co-founder of The Sandbox’s parent company, Animoca Brands, will speak at the same industry conference.
/EIN News/ — SINGAPORE, Sept. 20, 2022 (GLOBE NEWSWIRE) — The Sandbox, a leading decentralized virtual gaming world and subsidiary of Animoca Brands, has confirmed that it will hold its first official summit in Singapore is hosting the Web3 Matters event presented by Enjinstarter for the All That Matters industry conference on September 26 at *SCAPE.
“Understanding the Metaverse is a must for established brands and Web2 companies looking to integrate Web3, and Sandbox is a voice that needs to be heard when it comes to Web3 and the Metaverse.” said Prakash Somosundram, co-founder and CEO of Enjinstarter.
The summit will also host the launch of Metaverse for Good, an initiative by Metaverse architecture firm Smobler Studios and a consortium of partners including Enjinstarter, the Octava Foundation, a grant funder, and the Aventis Graduate School, which recently launched its Metaverse campus on The Sandbox has opened. The Sandbox recently announced a $1.2 million seed-round investment in Smobler Studios. dr Loretta Chen, co-founder of Smobler Studios, will be there to launch Metaverse for Good.
The Sandbox recently announced a partnership with DBS, Singapore’s largest bank. DBS will acquire digital real estate in The Sandbox Metaverse and use it to showcase its sustainability initiatives. It was previously announced that The Sandbox’s parent company, Animoca Brands, has raised US$110 million from Temasek Holdings, a Singapore State-backed investment fund.
“Efforts like Enjinstarter’s Web3 Matters event and the launch of Metaverse for Good demonstrate Singapore’s global importance in enabling innovation in the Metaverse and helping established local and global brands thrive in a new world “, says George Wong, Head of The Sandbox for Singapore and Malaysia. “We view this Sandbox Mini Summit as a significant milestone as we continue to bridge Web2 and Web3, with The Sandbox as a platform for innovation and engagement.”
The Sandbox is an open-world online ecosystem that allows users to own and earn from their digital identities and creations. With over two million registered users and a large number of partners – including the Government of Dubai, Standard Chartered Bank, Renault and Time Magazine – The Sandbox has established itself as the world’s leading Metaverse platform.
“We need to bridge the worlds of Web2 and Web3 and embrace the opportunities that arise with the inevitable shift to Web3. We are grateful to Enjinstarter and The Sandbox for hosting their inaugural summit at Web3 Matters,” said Jasper Donat, CEO of Branded, the company behind All That Matters.
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Image 1: Enjinstarter
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