Why SCB 10X Invested in The Sandbox?
The future world will be different from what we are now. It will encompass virtual worlds or the metaverse where the digital you, or your avatar, can immersively live, work, play and entertain in this shared virtual environment with your love ones, colleagues, friends and strangers. People can further develop a deeper connection with the digital world, by not only experiencing it, but also building in the virtual world to match their creative vision, generate contents, own and monetize the assets in this metaverse. It will be new level of immersion and experience. It is inevitable that gaming and entertainment evolve to more decentralized, open and trustless ecosystems that promote true ownership, high security, infinite cooperation and interoperability.
The Sandbox metaverse is just that. The Sandbox is a blockchain gaming platform and metaverse, which allows players and participants to build, own, and monetize in-game assets. It is a community-driven, user-generated content Voxel platform, where users own their LAND and can use their creative magic to build and host. Everything you see in The Sandbox is built by and for the community. Unlike the existing traditional game makers, The Sandbox aims to provide creators true ownership of their creations, which are in non-fungible tokens (NFTs), and in return the participants receive as rewards The Sandbox’s own utility token — SAND. For the metaverse, creator economy and developer ecosystem are very important and The Sandbox enables exactly that.
SCB 10X is Ready to be a Player One, participating in The Sandbox’s journey. We have a masterplan to develop our first ever digital Headquarter in metaverse in The Sandbox, reflecting our interest in this exciting disruptive technology. We will set up work activities and also organize fun activities (meet for virtual drinks, host talks and events, exhibit NFT collections of Thai and international artists etc), as well as interact and engage with Thai and global communities in The Sandbox metaverse. We are looking forward, as an investor and builder, to putting our creativity and technical capability into The Sandbox’s universe, as well as collaborating with its amazing and inspiring founders & teams, investors, and partners. We expect more institutional adoption of metaverse ecosystem in the very near future, starting with digital collectibles/NFT and metaverse products like LAND in 2021. We aim to be an active participant in The Sandbox and be the first financial institution to lead the way into metaverse.
We view that companies that prepare for this emerging disruptive future, and have complete metaverse ecosystem, with strong partnership and collaboration with partners, brands and celebrities, as well as strong community engagement like The Sandbox will be key leaders of the metaverse future, not only in gaming, but also in entertainment and media.
