Let's talk about SandBox $SAND @TheSandboxGame. Once:
• Raised $120 million over 6 funding rounds
• Valued at $1 billion by 2024
• Partners include Snoop Dogg, Adidas, Gucci, Ubisoft, and even Paris Hilton
• Has 5.7 million registered users, with 580,000 active users in Alpha Season 4
• Peak secondary market transaction volume exceeded $166 million
• Regarded as a "leader in the metaverse," with brand collaborations flourishing
But this year:
• The game was directly shut down
• The floor price of LAND dropped to about $130
• My friend spent 999 ETH to buy a piece of land, now it's only worth 19 ETH
• User activity has significantly declined
• The new product is surprisingly a meme coin issuance platform on Base
What went wrong? Let's discuss, fellow investors.
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