On Monday, one of the popular metaverse-related social apps, FlickPlay, officially confirmed via a press release that it is now in collaboration with The Sandbox. The aim of the cooperation is for both platforms to share features. Users of the social app can utilize any of the platform’s characters on The Sandbox platform.
Many FlickPlay users would be tempted to use the Flicky as it is one of the most popular NFTs released by FlickPlay. This NFT can be likened to being Pokemon Go’s social app but for the metaverse. FlickPlay users can search for non-metaverse-owned NFTs through the map on their smartphones. They can also use AR to record videos of the NFTs they’ve found and collected.
Introducing Interoperability Features In The Metaverse
This new collaboration between FlickPlay and Sandbox explores the interoperability possibilities among various metaverses. The aim is to access several metaverse platforms using the NFTs and features from one platform. It is the first time users from another metaverse platform would explore The Sandbox game.
In this case, Flicky players can explore The Sandbox games through Flicky’s features. FlickPlay, CEO and co-founder, predicts that the interoperability features on both metaverse platforms should be completed before this year is over.
While speaking about the collaboration, one of The Sandbox’s top-level executives said, “this collaboration is hugely remarkable as it is the first time there would be an NFT bridge between the virtual and real worlds. Our collaboration with FlickPlay will result in an ‘improved metaverse experience.'”
Part of FlickPlay’s roadmap will see the introduction of 12K digital collectibles, with 250 of them having sandbox avatars where holders can earn several rewards from The Sandbox. Possible rewards for players include custom fashion wear, celebrity-endorsed items, and free airdrops. Each of these items would be worth up to 0.1 ETH.
Luring More Players Into The Metaverse Space
The Sandbox has been launching various initiatives and collaborating with key sector players in the physical world to lure them into the metaverse space. You’d recall that HSBC was the first bank to own a plot in The Sandbox’s virtual land space to enhance interaction with its clients.
Also, The Sandbox worked with famous business woman cum actress, Paris Hilton. The collaboration resulted in one of the best DJ concerts in the metaverse. Other popular brands that have been involved in various metaverse-related projects include Adidas and Gucci.
Today, Fidelity investments announced the launch of a metaverse-related ETF. With $11B AUM, the asset management firm revealed that they had to launch this ETP due to constant demands from their customers. Part of the announcement indicated that interested persons could start making their investments from Thursday this week.
Also, those who purchase through any of Fidelity’s brokerage platforms would pay zero commission fees. Fidelity would expect to see a massive rush for these new ETFs as it manages assets for nearly 45M investors.