Ethereum-Based Gaming Project Rallies After Coinbase Announces Surprise Altcoin Listing

After being admitted to the US’s largest crypto exchange, an altcoin driving a play-to-earn metaverse game is seeing green. The Sandbox (SAND) will begin trading on Coinbase Pro paired with Tether (USDT) as adequate liquidity conditions are satisfied, according to a new announcement. Coinbase will add support for The Sandbox (SAND). Inbound transfers for this asset are now available on @Coinbase and @CoinbaseExch in the regions where trading is supported. Trading will begin on or after 9AM PT on Thurs May 26th if liquidity conditions are met. pic.twitter.com/zKaANvpTtn — Coinbase Assets (@CoinbaseAssets) May 25, 2022 Users can buy plots of land and construct non-fungible tokens (NFTs) of avatars and other in-game assets in the Sandbox, a virtual realm. SAND is an Ethereum-based native utility coin that may be used for purchases, staking, and governance. The tokens LAND and ASSETS are also used in the game for additional purposes. According to the project’s whitepaper, “Players can build, own, and monetize their gaming experiences… Our vision is to offer a deeply immersive metaverse in which players will create virtual worlds and games collaboratively and without central authority.” The initiative announced in March that it was teaming with HSBC, a British banking institution, to enhance the prominence of esports in the metaverse. In January, The Sandbox announced a collaboration with Warner Music Group to build the metaverse’s...