The Sandbox, a significant player in the world of virtual reality and blockchain gaming, recently declared its strategic partnership with Forkast Labs, a leading data infrastructure and media company operating in the global Web3 space. This collaboration aims to innovate how the metaverse values its digital assets.
The partnership looks to combine The Sandbox’s expertise in NFT-based virtual assets and experiences with Forkast Labs’ proficiency in blockchain data and journalism. The Sandbox, known for empowering players with the ability to create, own, and monetize their digital assets, seeks to leverage this alliance for better visibility in the global blockchain community.
Forkast Labs’ role extends to the creation of metaverse indexes, providing a measurement system for the performance of NFT assets within The Sandbox’s ecosystem. This will enable more than 400 of The Sandbox’s partner brands, including Warner Music Group, Ubisoft, and Gucci Vault, to track their market performance in real time.
“This is the first and most significant step in the evolution of the digital asset space,” stated Angie Lau, Co-CEO and Co-founder of Forkast Labs. Lau emphasized that their mission is to develop standards that will help all stakeholders, from investors to firms, to evaluate the value of digital assets.
Randy Wasinger, Co-CEO of Forkast Labs, echoed Lau’s sentiments, stating that their team is actively working on creating an everyday tool to help users understand the digital economy’s ongoing developments.
Sebastien Borget, Co-founder and COO of The Sandbox expressed optimism about the partnership’s potential to bring more transparency and a better understanding of user behavior in the metaverse.