Transforming how digital assets are valued in the metaverse
The Sandbox has announced a strategic partnership with Forkast Labs, a global Web3 data infrastructure and media company. This partnership aims to revolutionize the measurement of digital asset value in the metaverse.
The Sandbox empowers players to create, own, and monetize virtual assets and experiences using NFTs and blockchain technology. As part of this partnership, Forkast Labs will provide comprehensive coverage and insights into the blockchain gaming industry, using their expertise in blockchain data and journalism, to ensure that The Sandbox receives extensive media exposure and recognition within the global blockchain community.
Forkast will also introduce metaverse indexes that measure the performance of NFT assets in The Sandbox, enabling The Sandbox’s 400+ partnering brands like Warner Music Group, Ubisoft and Gucci Vault to track market performance in real-time.
“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.”
“Forkast Labs is proud to champion the data, both on-chain and off,” says Randy Wasinger, co-founder and co-CEO of Forkast Labs. “Our teams are already working together to create an invaluable everyday tool that will provide a dependable view of what is happening in the digital economy and allows every user and company venturing into Web3 to understand the value of what they’re building in the metaverse.”
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.”
This collaboration marks a significant step in the maturing of the digital asset space and the understanding of the value in the metaverse.
About Forkast Labs
Forkast Labs is a global Web3 data infrastructure and media company founded in 2023 through the merger of CryptoSlam and Forkast.News, both established in 2018. The mission of Forkast Labs is to index Web3 by organizing all Web3 data, make it useful, and usher in waves of new participants into the digital economy. All indexes are powered by the company’s massive multi-chain organized dataset, and its trusted team of journalists provide data-driven clarity and transparency to the rapidly evolving digital economy.
The Sandbox partners with Forkast Labs to index the metaverse was originally published in The Sandbox on Medium, where people are continuing the conversation by highlighting and responding to this story.
