Global Web3 data intelligence company Forkast Labs has signed a strategic partnership with The Sandbox, aiming to revolutionize the way that the value of digital assets in the metaverse is measured.
The Sandbox is a metaverse where players can create, own, and monetize their virtual assets and experiences using non-fungible tokens (NFTs) and blockchain technology. Empowering users with intuitive creative tools, The Sandbox enables users to build their own immersive gaming experiences, socialize with other players, and participate in a vibrant digital economy.
As part of this partnership, Forkast will work closely with The Sandbox to provide comprehensive coverage and insights into the evolving blockchain gaming industry. Leveraging Forkast Labs’ multichain data infrastructure and expertise in blockchain data and journalism, this collaboration will ensure that The Sandbox receives extensive media exposure and recognition within the global blockchain community.
Forkast will produce metaverse indexes that will measure the worlds of Fashion, Gaming, Music, and other NFT assets in The Sandbox. For the first time, The Sandbox’s 400+ 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.
This 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.
“This is the first and most important step in the maturing of the digital asset space,” says Angie Lau, co-CEO and co-founder of Forkast Labs.
“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 organizing 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.”
Sebastien Borget, Co-founder and COO of The Sandbox, added,
“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.”