{"id":549643,"date":"2023-02-08T16:48:25","date_gmt":"2023-02-08T13:48:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/saudi-arabia-partners-with-the-sandbox-for-future-metaverse-plans\/"},"modified":"2023-02-08T16:48:25","modified_gmt":"2023-02-08T13:48:25","slug":"saudi-arabia-partners-with-the-sandbox-for-future-metaverse-plans","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/saudi-arabia-partners-with-the-sandbox-for-future-metaverse-plans\/","title":{"rendered":"# Saudi Arabia partners with The Sandbox for future metaverse plans"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a289f061dd4c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a289f061dd4c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/saudi-arabia-partners-with-the-sandbox-for-future-metaverse-plans\/#%E2%80%9D_Saudi_Arabia_partners_with_The_Sandbox_for_future_metaverse_plans_%E2%80%9C\" >&#8221; Saudi Arabia partners with The Sandbox for future metaverse plans &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Saudi_Arabia_partners_with_The_Sandbox_for_future_metaverse_plans_%E2%80%9C\"><\/span>&#8221; Saudi Arabia partners with The Sandbox for future metaverse plans &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvNTM3MmU4YzAtNjhmNS00OThhLWE2YjktZTY4YTA1ZGJmYzRlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>Initiatives toward metaverse development continue to be a significant focus and key interest in the Middle East, as the Leap conference in Riyadh, Saudi Arabia highlights key topics in the industry.<\/p>\n<p>On Feb. 7, a partnership ceremony was held at the conference, which acknowledged a new memorandum of understanding (MOU) between The Sandbox and the government of Saudi Arabia.<\/p>\n<p>According to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/borgetsebastien_leap2023-activity-7028779375302955008-ytmx\/?utm_source=share&amp;utm_medium=member_desktop\">posts<\/a> from Sebastien Borget, the co-founder and chief operating officer of The Sandbox, the MOU is with the Saudi Arabia Digital Government Authority (DGA) for the purpose of \u201cexploring, advising and supporting\u201d one another in metaverse development.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It was a true honor to sign our MOU partnership ceremony between <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheSandboxGame?ref_src=twsrc%5Etfw\">@TheSandboxGame<\/a> and the Saudi Arabia Digital Government Authority (DGA) during <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/LEAP?src=hash&amp;ref_src=twsrc%5Etfw\">#LEAP<\/a> 2023 conference, and we look forward to exploring, advising and supporting mutually each other in activations of the Metaverse <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/mTBYqlwvUa\">pic.twitter.com\/mTBYqlwvUa<\/a><\/p>\n<p>\u2014 Sebastien  (@borgetsebastien) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/borgetsebastien\/status\/1623011246491701250?ref_src=twsrc%5Etfw\">February 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>While there are no further updates about the extent of the partnership, both parties have been actively pushing the boundaries of the Web3 space relative to their areas of expertise.<\/p>\n<p>The Sandbox has partnered with some of the biggest names both inside and outside of the Web3 space, including Snoop Dogg, Gucci, Tim, Atari, HSBC and Warner Music Group, among others.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>69% users bet metaverse entertainment will reshape social lifestyle: Data<\/em><\/strong><\/p>\n<p>The Saudi-based conference comes as the Middle East continues to\u00a0establish the region as a hub for emerging technologies. Last November, Abu Dhabi in the United Arab Emirates was\u00a0chosen as the location\u00a0for the newly formed Middle East, Asia and Africa blockchain association.<\/p>\n<p>Shortly before, the Dubai International Financial Centre instituted a crypto token regime\u00a0to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly to all tokens recognized in the zone. The city has been a long-standing beacon of regional innovation when it comes to the Web3 space.<\/p>\n<p>It\u00a0opened the first nonfungible token store\u00a0and, on Feb. 7,\u00a0released its long-awaited regulations for virtual asset providers.<\/p>\n<p>In a survey conducted by KuCoin last July, Saudi Arabia was revealed to be a significant market for digital currency adoption due to local regulations. The government is currently researching the possibilities for a central bank digital currency. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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On Feb. 7, a partnership ceremony was held at the conference, which&#8230;<\/p>\n","protected":false},"author":1,"featured_media":549644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/5372e8c0-68f5-498a-a6b9-e68a05dbfc4e.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[91498,89067,93542,74355,81144],"class_list":["post-549643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-metaverse","tag-sandbox","tag-web3","tag-adoption","tag-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=549643"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/549644"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=549643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=549643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=549643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}