Mobile game maker Gravity announced today its partnership with metaverse gaming platform The Sandbox. Metaverse coin started to rise slightly after the news.
Gravity – Sandbox partnership
Throughout the partnership, Gravity will bring the world of Ragnarok LAND to the virtual world of Sandbox. Additionally, Gravity plans to host Game Jam, where participants can design their own video games using digital materials with a Ragnarok character, monster, or universe theme. As Ragnarok IP is widely known, Gravity and The Sandbox will provide users with a large ecosystem.
The announcement came today from Sandbox’s official Twitter and Medium accounts.
https://twitter.com/TheSandboxGame/status/1552247474877874178
Why is the partnership important for the metaverse coin?
The world and characters of the new Metaverse-based Ragnarok will also be open to players. Gravity’s primary gaming offering, supported on both web and mobile, is Ragnarok IP. Additionally, Gravity owns the rights to the online animated series based on the world of Ragnarok and its cast. Cindy Lee, CEO of The Sandbox Korea, acknowledges the worldwide appeal of Ragnarok IP, praising the metaverse company as one of the factors that made it willing to collaborate with Gravity.
Other South Korean gaming companies have collaborated with Web3 businesses as well as Gravity. Netmarble and Binance signed a collaboration agreement earlier this year to develop blockchain-based products. On the other hand, Sandbox and Anicube Ent are working together to introduce K-Culture to the metaverse.
SAND price rises during news
SAND, the 36th cryptocurrency by market cap, is currently up around 4%. Meanwhile, Bitcoin, Ethereum and other top 10 altcoins are accompanying the positive momentum. SAND has climbed from $1.13 to $1.21 in the last 24 hours. With the ATH price of $8.44, it keeps the difference around 85%.
About Gravity
Gravity is a globally recognized gaming company founded in April 2000. Industry-leading Gravity is the only domestic gaming company directly listed on the NASDAQ. Gravity has gained a large player base by developing the MMORPG Ragnarok Online, which serves in domestic and world markets. Gravity also provides IPTV service games using Pororo characters and various types of mobile games. Additionally, Gravity continues to expand its business reach as a global publishing business by expanding its service with Ragnarok Online IP related games as well as other games across a variety of genres and platforms.
As you follow on Kriptokoin.com, Sandbox announced partnerships with important brands this month. One of the latest news is TIMEPieces, an NFT community effort within Time.
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