Shiba Inu (SHIB) and Dogecoin (DOGE) Now Owned by Major VR Gaming Platform

Metaverse giant The Sandbox, where blockchain technology, virtual reality (VR), and gaming converge, has revealed its acquisition of Shiba Inu (SHIB), Dogecoin (DOGE), and an assortment of other popular meme coins.

"We are delighted to incorporate their distinct cultures into our platform," expressed the metaverse platform's developers.

The Sandbox initially emerged in 2012 as a mobile video game centered around world-building, empowering users to design their own universes. In 2020, the company secured funding amounting to $2 million in cash and cryptocurrency, paving the way for an Ethereum-based gaming realm where users could monetize their experiences through non-fungible tokens.

The platform gained significant traction during the NFT boom of 2021, as individuals flocked to purchase virtual real estate within the metaverse. Notably, renowned hip-hop artist Snoop Dogg established a community within The Sandbox, dubbed the Snoopverse. In early 2022, a buyer paid a staggering $450,000 to become Snoop Dogg's virtual neighbor, marking the zenith of the metaverse craze.

Earlier this year, The Sandbox attained unicorn status after securing $20 million in fresh funding, enabling continued development of its decentralized virtual world with enhanced editing tools, novel social interactions, and expanded gameplay possibilities.

The Sandbox maintains its commitment to remaining at the forefront of industry trends with its recent acquisition of meme coins. "We strongly believe that the spirit of creativity forms the foundation of the open metaverse and we are committed to fostering and supporting the growth of the Web3 ecosystem for its participants' benefit," the firm emphasized.