Renault Korea, a subsidiary of global automotive brand Renault, has partnered with a Metaverse coin. The partnership will enable the auto giant to step into the world of Metaverse. According to the information obtained, the collaboration includes Metaverse and Renault working together to develop an NFT collection. Here are the details…
Renault partners with this Metaverse coin
Leading Metaverse coin project, The Sandbox, has partnered with Renault. The partnership was made with Renault Korea, the South Korean arm of the French-based global auto giant. Accordingly, the two companies will collaborate on various issues, including an NFT collection for The Sandbox Metaverse. In this way, The Sandbox will provide its users with a driving experience in the virtual world.
Renault, on the other hand, will bring its products to the virtual world through NFT technology. Thus, it will have the opportunity to reach and show its brand to many new people. Renault Korea Motors released a statement regarding the partnership on Sunday. Accordingly, the leading Metaverse coin project announced that it has signed a memorandum of understanding (MoU) with The Sandbox. He also shared from the partnership as a result of his wishes to chart a digital course as Renault via NFTs.
Renault enters the world of Metaverse
In addition to NFTs, Renault Korea will also collaborate with various brands on The Sandbox platform. These collaborations will benefit the firm as parts of a marketing campaign. So Renault wants to market its products in the Metaverse. The announcement of the Metaverse coin project Sandbox included:
“With Renault Korea, we want to provide digital automotive experiences in the Metaverse world. That’s why we are very happy to announce our new partnership. With this new collaboration, Sandbox will give consumers new ways to experience cars in the Metaverse. Additionally, we encourage marketing collaborations with various brands on Metaverse. We want to develop a long-term marketing cooperation with Renault.”
What happened to the SAND price?
SAND, which reached up to $ 0.99 on August 30, started to decline after this level. Metaverse coin, which fell to $ 0.91 during the week, rose after the Renault announcement. SAND price, which started its upward movement on Sunday, September 4, managed to rise up to $ 0.98. However, on September 5, he lost some of these gains.
At the time of writing, Sandbox’s trading volume has increased by 114.58% in the last 24 hours. Thus, the transaction volume rose to $299 million. However, the price dropped 2.15% in the last 24 hours to a low of $0.94. According to many analysts, Sandbox is among the promising and promising Metaverse coin projects.
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