Sandbox has partnered with several Indian enterprises in an effort to make India its largest market over the next two years.
The use of artificial intelligence, cryptocurrencies, and blockchain technology is quickly growing in India. This is why an endless number of major companies in this sector are flooding into the Indian market. Blockchain protocol Algorand (ALGO) has extended its reach in India and collaborated in several industries here, taking into consideration the country’s fast-expanding market and the fact that global exchanges like OKEx and Coinbase are drawing Indian investors.
Then, Animoca Brands’ Sandbox metaverse platform is drawing in users because of the potential of Web3, gaming, and the metaverse in this area.
In fact, Sandbox has partnered with several Indian enterprises in the last year in an effort to make India its largest market in the next two years. Sandbox and the global startup accelerator Brinc established the cultural metaverse center BharatBox in India earlier this year. It brings together businesses from the Bollywood, entertainment, arts, and sports industries.
The three largest media entertainment firms in Indian cinema—Eros Entertainment, Hungama, and Shemaroo—are among the 25 Indian enterprises that have joined BharatBox in the last six months.
Also, Sandbox plans to make India its largest market in the next two years by collaborating with CoinDCX, the top exchange in India, and Okto, its Web3 wallet. As a result of the collaboration, Sandbox would have access to 16 million people in India. Sandbox now has 5 million wallets worldwide. Sandbox is anticipating a 3–4 million user acquisition with Okto. That way, in the next twenty-four months, it can build a massive user base, making India its largest market.
Businesses in India’s Bollywood, entertainment, art, and sports industries stand to greatly benefit from Sandbox’s vision of the country as a metaverse center in the near future. Indian businesses will grow internationally as the country’s population embraces blockchain technology, cryptocurrencies, and the metaverse.
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