Sebastian Borget, Co-founder and chief operations officer at The Sandbox

I would say the interesting question here is not the price of BTC, but whether BTC (and other main cryptocurrencies, such as ETH) will be more widely adopted on a long-term basis rather than only for a pure speculative aspect. We do not want to see a repeat of 2018, when users jumped hastily into crypto. I would prefer to see a genuine interest in the technology and its application and an overall appreciation of the utility of the tokens that support the different networks, products and services built upon the public ledger technology. And while most of the altcoins have depreciated in value over the last two years, ERC-721/ERC-1155 based nonfungible tokens have gone up, with some great examples such as Gods Unchained cards doing a 3–4x multiple or Axie Infinity Mystic creatures.

Last week, we launched our first round of the LAND presale, representing 2.5% of the game map. The 3,096 available presale LANDS (including those from our partners) were bought by users in about four hours, with 2,123 LAND parcels sold within the first hour alone! Hundreds of users participated in our LAND presale and are now owners of a piece of The Sandbox metaverse. It is a great success!

Gamers and content creators were the first to understand the potential of NFTs. where game assets become blockchain-backed digital assets, tokenized as NFTs that are tradeable on a free and open decentralized marketplace. Through this, players can enjoy permissionless transfer of their assets from one game to another, retaining digital scarcity, security and authenticity.