There is an unconfirmed report that Facebook is about to acquire Sandbox Game, the report claims that regulation and paper work finalisation between the two companies are in the works.
There is a growing number of Fortune 500 companies who have started to flood their investments into the Metaverse, Web3, and gaming crypto ecosystem. The development is believed to be the future and could be worth $1.5 trillion by 2030, according to Grayscale’s report. Sandbox is one of the top metaverse and virtual gaming platforms in the blockchain world . Since Facebook has rebranded itself as Meta and is working towards creating a metaverse, there is an unconfirmed report circulating among metaverse tech business community that Facebook is planning to acquire The Sandbox Game.
Already, the report is strongly circulating on social media and the s are getting topic is goin viral as the day goes by. NFT Ethics, which covers “inconvenient truths about this digital kingdom” took to Twitter reporting about the same.
According to Watcher News, the idea is that there could be one rich NFT project buying all undervalued projects and could eventually sell it to Facebook, Microsoft among others. At the end of the day, multinational corporations could stand to benefit and reduce the existing players to irrelevance.
However, there is no official confirmation if Facebook is planning to acquire Sandbox. We’ll have to wait and watch for an official statement if the two are in talks about accusations or mergers.
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