TIMEPieces, an NFT community effort within the well-known media outlet Time, announced a collaboration. The partnership was about a Metaverse Coin project. Accordingly, the company rolled up its sleeves to establish Time Square in the Metaverse world. TIME Square will take its place on The Sandbox Metaverse and will be the first product of the two companies’ collaboration. The partnership was the last of The Sandbox’s corporate collaborations. The SAND price officially skyrocketed with the news.
TIME signs deal with popular Metaverse Coin project
Under the deal, TIME Square will take its place on company-owned property in The Sandbox. Accordingly, the area; It will serve as a location for meetings, arts and commerce. The design of TIME Square will be inspired by the aesthetic essence and energetic vibe of the famous district in New York City. TIME President Keith A. Grossman announced the partnership during The Sandbox event at NFT.NYC. Grossman also issued an open call for architects to create TIME Square. So he recreated the internationally renowned cultural center for Metaverse:
“Our goal is to create a goal that will be the heart of the meta universe. We launched TIMEPIeces in September 2021. Since then, we have focused on developing a community on Web3. This community gets the 100-year legacy and reach of TIME.”
Metaverse coin SAND jumps on news
After the news of collaboration with TIME, the Metaverse Coin project started to rise. At the time of writing, SAND has gained 4.11% in the last 24 hours. The token is currently changing hands at a price of $0.92. As Cryptokoin.com reported, the increase in price was also reflected in the market value of the cryptocurrency. The Sandbox’s market value reached $1 billion 161 million.
What will Time Square be like in The Sandbox Metaverse?
The ambiance of TIME Square will embrace everyone. It will also include unique experiences for those who own TIMEPieces. The destination will serve the TIMEPieces community by providing virtual access to chats, events and project demonstrations, along with a variety of educational experiences produced by TIME Studios. Sandbox is often seen as a “virtual Manhattan,” according to Sebastien Borget, COO and Co-Founder of The Sandbox. But in reality, the Sandbox is a vibrant space with culture, entertainment and brands where everyone can explore, learn, work, meet new people, play, dance and find great new opportunities.
The Metaverse Coin project is working with TIME to add TIMEPieces as the beating heart and soul of this virtual Manhattan. TIME Square will be a venue in the creative Metaverse for companies and artists. In addition, the space will be created with an open design call for virtual world architects.
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