The Sandbox, a division of Animoca Brands Corp. Ltd., a Hong Kong-based gaming software and venture capital firm, <a href="https://twitter.com/animocabrands/status/1570613774775881731" target="_blank" rel="nofollow noopener">said</a> on Thursday that it would be creating a "Dubaiverse" to expand its Hong Kong metaverse approach into a new market in Dubai.

The Dubai-themed metaverse would be built on the same principles as Sandbox's Hong Kong "Mega City," a gaming metaverse and virtual culture center based in the Asian financial hub of Hong Kong.
<h2>Establishment Of Dubaiverse Via Local Collabs</h2>
<a href="https://www.cryptoknowmics.com/news/animoca-brands-debuts-new-season-of-the-sandbox/" target="_blank" rel="noopener">Animoca Brands</a> stated that the Dubaiverse would be established through local collaborations, an approach similar to that used in Hong Kong. The Hong Kong-based blockchain game specialist would collaborate with businesses in the entertainment, banking, real estate, acting, and gaming sectors. Sebastien Borget, co-founder and COO of Sandbox Paris, stated that other location-based metaverses are being developed for Singapore, Korea, and Turkey.
<h2>VARA - First Buyer of Dubaiverse</h2>
In a historic collaboration in the metaverse, the Dubai crypto regulator, Virtual Assets Regulatory Authority (VARA), became the first buyer of a property on the Dubaiverse virtual map. The Khaleej Times will be the local news partner of the Dubaiverse.
<h2>Animoca Brands' Funding Deal With Temasek</h2>
Last Thursday, the gaming software and venture capital firm Animoca Brands revealed that Temasek, Boyu Capital, and GGV Capital had <a href="https://www.cryptoknowmics.com/news/animoca-brands-announces-110-million-funding-deal-with-temasek" target="_blank" rel="noopener">invested</a> $110 million in the company.

The Sandbox By Animoca Brands To Launch "Dubaiverse"

The Sandbox said on Thursday that it would be creating a "Dubaiverse" to expand its Hong Kong metaverse approach into a new market in Dubai.

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The Sandbox By Animoca Brands To Launch "Dubaiverse"

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