Forbes magazine, which has been reporting on global financial events for more than 100 years, has made a resounding entry into the Web3. In the statement made by the company today, it was stated that the company purchased a virtual land from Sandbox.

It was stated that a pool, luxury bar and gallery of the 2024 billionaires list candidates under the age of 30 were placed on the virtual land.

Visitors to the Forbes’ land on the sandbox will also be able to unlock surprises that have not yet been revealed and access exclusive content via a QR code.

Sandbox token experienced major decline

This move by Forbes reminded crypto investors of the metaverse and virtual lands after a long time. Especially in 2021, Sandbox and Decentraland took the lead in this field, and both platforms attracted great attention.

Sandbox token, SAND, experienced a major decline from its ATH level of $8 to $0.25 during this two-year bear season. SAND token was traded at $0.5 at the time the news was written.

Approximately $100 million tokens were put into circulation in Sandbox last week. This planned token unlocking step increased the circulating supply by 10%