News Formal

SAND Jumped 12% Following The Sandbox's Acquisition of Uruguayan Tech Firm

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Sandbox keeps expanding in South America by acquiring Cualit. SAND reacted to the news, soaring by almost 12% over the past 24 hours.

The Animoca Brands subsidiary – The Sandbox – purchased the Uruguayan technology company Cualit, aiming to accelerate the progress of the Web3 ecosystem and blockchain industry.

Prior to the deal, The Sandbox has worked closely with Cualit and its Co-Founders – the Perez brothers – for more than a year. After signing the agreement, the South American organization was renamed The Sandbox Uruguay. Still, the asset has been significantly affected by the recent crypto crash and stands far away from its all-time high of around $7.50 registered last November.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mortgage demand wanes 12% as interest rate hikes begin to dampen housing marketThe Federal Reserve's interest rate hikes are starting to make a dent in the U.S.'s hot housing market. Starting? The housing market has been a hot mess for the past couple of years
Source: KSLcom - 🏆 549. / 51 Read more »