The Sandbox, a leading metaverse game platform, has announced its purchase of six meme coins—DOGE, SHIB, PEPE, BONK, DEGEN, and MEME—to bolster its community and promote Web3 culture.
Learn more about their innovative initiatives and what this means for the future of cryptocurrency in virtual worlds.
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Acquisition of DOGE, SHIB, PEPE, BONK, DEGEN, MEME
On June 19, 2024, The Sandbox (SAND), a platform that operates a metaverse game utilizing cryptocurrency, announced that it has acquired multiple meme coins to support its community and promote the growth of the Web3 ecosystem.
The six cryptocurrencies purchased, introduced as “The Sandbox Meme Coin Collection,” are:
• Dogecoin (DOGE)
• Shiba Inu (SHIB)
• Pepe (PEPE)
• Bonk (BONK)
• Degen (DEGEN)
• Memecoin (MEME)
Initiatives Utilizing the Meme Coin Collection
The purchase of these meme coins is explained as fulfilling The Sandbox’s commitment to “always keeping up with trends in the cryptocurrency industry and Web3 culture.”
This acquisition aims to support the community, enhance its presence in Web3 culture, and provide utility to both users and meme coin enthusiasts.
The Sandbox also reported plans to launch engaging initiatives using the Meme Coin Collection to provide additional utility to both The Sandbox users and the meme coin community. Therefore, future announcements from The Sandbox are highly anticipated.
Efforts to support communities by purchasing meme coins are also being pursued by other companies and organizations.
For example, the Avalanche Foundation is acquiring several meme coins through a program called “Culture Catalyst.”
>> Click here for the latest news related to meme coins
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