The Sandbox COO claims that Metaverses will change how people Think, Interact, and Earn

Sebastian Borget, the COO of the metaverse Sandbox, stated that Metaverses are redefining the way people think, interact, socialize, play, and earn.

The Metaverse is a catch-all term meaning a virtual world where people can participate in several activities. Metaverses are often compared to virtual planets produced in video games such as Grand Theft Auto Online, Minecraft, and Roblox.

Borget notes that metaverses interact largely with cryptocurrencies, as users can easily transition between the physical and virtual world by converting fiat money to crypto.

He claims that Sandbox members can use crypto tokens created by firms affiliated with the company as tender to purchase digital avatars, land, and host personal events. Additionally, people and businesses can conduct transactions in the metaverse, wherein products can be swapped for real-world goods.

“Web 3.0 and the metaverse enable every one of us to become an explorer of our own human imagination, creating new parallel universes in which we can pick our own experiences,” said Borget.

The Sandbox COO stated the Sandbox is a decentralized NFT Metaverse as it aims to alter the way people interact on the internet. He claims that the Sandbox makes this possible as it allows users to engage in “ ways that were previously only envisaged in science fiction.”

The Sandbox is decentralized as it is not controlled by a single organization, such as a company. Instead, it acts as an online space where individuals and companies can interact with one another. Those who participate in the Sandbox own a part of it, as SAND token holders interact with the platform’s governance using a DAO framework and voting methods.

According to Rabindra Ratan, an associate professor of media and information at Michigan State University, the Metaverse is a “vast, linked network of virtual worlds.”

In 2011, Arthur Madrid and Sebastian Borget first conceptualized the Sandbox as ownership of digital land, and NFT assets on the platform are tracked via blockchain technology.

Source: Bitcoinist