The Sandbox: Ubisoft Rabids NFT public casting officially launched
On February 22, the Sandbox announced on social media that the public casting of Ubisoft Rabids (Crazy Rabbit) NFT has now officially started. The Rabids NFT was released by game giant Ubisoft on the Polygon chain, with a total of 2066 pieces and a price of 100 SAND. The Sandbox is expected to launch the supporting metauniverse game at the end of February.
Interpretation of this information:
The Sandbox, a virtual gaming platform, recently announced on their social media that the public casting for Ubisoft Rabids NFT (non-fungible token) has commenced. Ubisoft, a prominent game developer, released the Rabids NFT on the Polygon chain. The NFT collection consists of 2066 unique pieces and each piece costs 100 SAND, the native token of The Sandbox.
The Sandbox is set to launch the supporting metauniverse game by the end of February, which implies that the NFTs will have a functional use within the game. With the emergence of NFTs in the gaming industry, the value of such unique digital assets has become a topic of interest for many gamers and investors alike.
The release and sale of Ubisoft Rabids NFTs on The Sandbox platform is yet another instance of the increasing interest in the NFT market. This move by Ubisoft also highlights the growing trend of traditional gaming companies exploring the potential of NFTs. The adoption of NFTs by established gaming companies can also serve as a catalyst for the mainstream acceptance of NFTs.
However, it is essential to note that the NFT market is still in its nascent stage, and the hype around it may not necessarily translate to long-term viability. The value attached to NFTs is largely dependent on the demand for them in the market. Further, the legal implications surrounding the ownership and rights of digital assets are also being debated upon.
In summary, the Sandbox has recently begun selling the Ubisoft Rabids NFT collection on their platform for 100 SAND each. Ubisoft’s entry into the NFT market highlights the growing interest in NFTs by traditional gaming companies. However, the long-term viability of NFTs is still uncertain, and the legal implications surrounding their ownership and rights are still being deliberated upon.
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