Coincheck and The Sandbox have unveiled their plans to create a metaverse city called “Oasis TOKYO.” The project is scheduled to launch in spring 2022. The collaboration between the cryptocurrency service provider Coincheck and The Sandbox aims to build a metaverse city where players can create, own, and monetize their gaming experiences while interacting with others in multiplayer settings.
The two companies, based in Tokyo, have merged to develop Oasis TOKYO on The Sandbox metaverse land, which was acquired by Coincheck. This project will provide users with opportunities to engage in metaverse activities and make significant contributions to The Sandbox communities.
With the gaming industry gaining more attention than ever, Oasis TOKYO is poised to be highly favored when it debuts in spring 2022.
Oasis TOKYO is envisioned as a community platform that combines non-fungible tokens (NFTs) and the metaverse. It aims to paint a vivid picture of the future in 2035. By connecting experts and users from various fields, Oasis TOKYO will serve as a hub for community interaction.
Since 2020, The Sandbox has been at the forefront of metaverse and NFT activities in Japan. It partnered with Coincheck that same year, and together, they have collaborated on selling LAND through the Coincheck NFT beta version, which is crucial for launching games in The Sandbox.
The growing interest in the metaverse has brought about significant changes in the digital assets and blockchain landscape. Leading Indian software firm, recently announced its intention to tap into metaverse opportunities, with analysts predicting that the metaverse will create substantial gaming prospects for Indian IT companies. Coincheck director Kensuke Amo shares this sentiment, believing that the popularity of the metaverse will only continue to rise in the near future.
Moreover, some analysts foresee a bright future for NFTs, suggesting that they may even surpass Bitcoin in terms of value. This belief is supported by the increasing institutional recognition of NFTs.
