Forbes, a well-established business magazine that has been around since 1917, has made its mark in the world of Web3 with a permanent presence on the Sandbox Metaverse. Located in the virtual world, Forbes’ new experience offers visitors an immersive space filled with attention to detail. The design includes a luxurious pool, an elegant bar, and a gallery dedicated to celebrating the 2024 Under 30 recipients. Each aspect of the environment has been carefully curated to provide a visually engaging experience that encourages exploration and interaction. Visitors can also participate in a scavenger hunt to uncover exclusive content by scanning QR codes throughout the space.
Recently, The Sandbox unlocked 209 million in vested asset tokens, totaling around $90 million. These funds were allocated for reserves, the team, and advisers. This unlock coincided with a wave of releases from other platforms like Avalanche, Aptos, Optimism, and Sui, amounting to approximately $900 million. The Sandbox officially launched in November 2023, and its co-founder, Sebastien Borget, emphasized the platform’s ability to open experiences to the public and increase accessibility to a wider audience.
The Sandbox faces stiff competition in the growing metaverse space. Giants like Meta and Apple are leading the charge in metaverse hardware, while companies like Surreal Events and Somnium Space are expanding on the concepts initially developed in apps like Second Life and on older servers. Corporations and brands have recognized the allure of metaverse real estate, with companies like the Atlanta Braves, Ford Motor Company, and now Forbes, staking their claim in the digital worlds of Web3.
Forbes’ entrance into the Sandbox Metaverse signifies the increasing interest in Web3 and the potential it holds for businesses to interact with their audience in new and immersive ways. The magazine’s presence in this virtual world further solidifies the metaverse as a significant space for brands to establish a digital presence and engage with users on a deeper level. As the metaverse continues to evolve and grow, the competition for valuable virtual real estate will only intensify, with more companies vying for their own space within this digital realm.
Forbes should stick to what they know best – print media. This virtual world stuff is not their domain.
Forbes must be desperate if they’re resorting to scavenger hunts in the metaverse. Talk about lame.
Forbes’ virtual space is probably full of ads and sponsored content. They’re just trying to monetize every aspect of the metaverse.
Wow, Forbes really knows how to make a statement in the metaverse! The Sandbox experience sounds absolutely incredible. Can’t wait to explore it myself!