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The launch of The Sandbox on Metaverse has been announced by the Metaverse Arts Museum. In this new museum, artwork based on non-fungible tokens (NFT) will be displayed, and artists will be able to communicate with one another.
The Dubai-based imaginative group, upheld by worldwide players, for example, CGI and Metaverse Raising money Ltd, expects to offer help to imaginative ventures and specialists across the MENA district, by giving a stage that permits them to exhibit their craftsmanship in the worldwide workmanship scene. .
In addition, the virtual museum will serve as a community hub by hosting a variety of events and activities, including exhibitions, workshops, charity shops, and interactive games, for visitors to participate in. Likewise, the exhibition hall will incorporate a few stories devoted to specialists, where they will actually want to lease to show their works and items.
According to the announcement, the Digital Museum will use its spaces to raise awareness for several charitable causes. In addition, the museum has formed a partnership with a charity fundraising organization based in the United Kingdom.
The new project's goal is to assist registered charities by providing them with two separate levels of the digital museum where they can display their non-fungible tokens. The announcement also stated that sales proceeds will be given directly to the charities, assisting them in funding projects and campaigns.
The UAE's first sci-fi film, Xero Error, was directed by Dubai-based artist Ashraf Ghori, who now serves as an ambassador for the arts in the digital museum.
In this regard, Ghauri stated, "This innovative concept will really change the way we think about digital art and the role of museums in the digital age." The Metaverse Expressions Historical center will assist with overcoming that issue."
The global market for non-fungible tokens appears to be beginning to recover at the same time as the launch of the new digital museum. As per the most recent report from market following stage DappRadar, exchanging volumes of non-fungible tokens (NFTs) came to $2 billion in February, the biggest Number since paving the way to the May 2022 Land, UST, and LUNA breakdown