The Sandbox and Forkast Labs join forces to index the metaverse

The Sandbox, a decentralised gaming virtual world and subsidiary of Animoca Brands, has formed a strategic partnership with Web3 data intelligence company Forkast Labs, to revolutionise the way that the value of digital assets in the metaverse is measured at The Verse by Finoverse, a newly opened web3 community space in Hong Kong.

Leveraging Forkast Labs’ multichain data infrastructure and expertise in blockchain data and journalism, this collaboration aims to ensure that The Sandbox receives extensive media exposure and recognition within the global blockchain community.

As part of this partnership, Forkast Labswill work closely with The Sandbox to provide comprehensive coverage and insights into the evolving blockchain gaming industry. It will produce metaverse indexes that will measure the worlds of fashion, gaming, music and other NFT assets in The Sandbox. According to the release, The Sandbox’s partnering brand partners including Warner Music Group, Ubisoft and Gucci Vault, will be able to track the market performance of their metaverse digital assets in real-time using Forkast Labs’ full-stack Web3 data infrastructure.

The digital assets performance will be complemented by in-depth articles, interviews and video content showcasing the innovative economic and social activity of brands inside The Sandbox and its impact on the gaming and blockchain sectors. By championing the data and indexing it in a way that anyone can easily understand, Forkast aims to drive awareness and understanding of the transformative potential of blockchain-based virtual worlds.

Don't miss: The Sandbox joins forces with education, art and culture institutes for Mega City 3 LAND sale

Commenting on the partnership, Sebastien Borget, co-founder and COO of The Sandbox, said: "Partnering with Forkast Labs will bring more on-chain data analysis and in-depth articles about the activities happening in the metaverse, contributing to more transparency and a better understanding of how this new technology is transforming the habits and metrics of users exploring and engaging with virtual worlds. We believe Forkast's extensive reach and industry expertise will help accelerate the adoption of Web3 and true digital ownership in virtual worlds."

“This is the first and most important step in the maturing of the digital asset space. We are developing the requisite standards that investors, funds, users, and firms will need to agnostically determine value. Forkast Labs is proud to do the hard work of tracking the millions of lines of on-chain data, cleaning it up, and organising it in a way that anyone can understand. This is just the beginning and we’re thrilled to be working with The Sandbox’s incredibly talented and visionary team,” said Angie Lau, co-CEO and co-founder of Forkast Labs. 

MARKETING-INTERACTIVE has reached out to The Sandbox for more information.

Related articles:

The Sandbox joins forces with education, art and culture institutes for Mega City 3 LAND sale
The Sandbox maps out Greater China strategy for 2023
The Sandbox and Havas Play join hands to create metaverse brand experiences
Netflix and Sandbox VR partner up to create immersive 'Squid Game' experience

Join Content 360 - Hong Kong: Stories For A New Era where over 150 content marketers come together to shape the future.  Content 360 - Hong Kong is a must-attend conference that focuses on cutting-edge content trends, innovative creation techniques, strategies to customise your content for the newest marketing channels, and more. Don't miss out on this opportunity to elevate your content marketing game in Hong Kong! Tickets are on sale now, register today. https://conferences.marketing-interactive.com/content360-hk/