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Yield App makes foray into the metaverse in partnership with MyReality DAO
Yield App is thrilled to announce a groundbreaking partnership with MyReality DAO, the best-known scenario building and game development team in The Sandbox, as we make our foray into the burgeoning metaverse space.
We have ambitious plans for this hard-hitting partnership, which will see us stake our claim on The Sandbox with a massive 4x4 plot of land right in the center of this virtual world. With the help of the experienced team at MyReality, we intend to use this virtual land plot to build the Yield App Tower – a space for virtual events, experiences and games for all our Yielders in the metaverse.
The Sandbox is a virtual world built on the Ethereum blockchain where users can create, sell, use and monetize their gaming experiences in the form of NFTs. This in-game economy in The Sandbox is underpinned by its native token, SAND.
Each 1x1 LAND in The Sandbox is an NFT on the Ethereum blockchain which comprises 96 x 96 meters in the game world and can be populated with games, assets and interactive experiences. A group of lands that have been merged together into a larger parcel, like the one at Yield App’s disposal, is called an ESTATE, and this gives creators the opportunity to build larger and more immersive online experiences.
With a team of around 60 metaverse builders and the largest land holdings in the Sandbox, MyReality is at the forefront of building in the metaverse. We are thrilled to be partnering with such a high profile team to build out our estate in the metaverse and give our community a place to call home in The Sandbox.
We see this collaboration as a huge opportunity for digital asset owners and investors in this burgeoning virtual world, as well as for Yield App itself. From land ownership to digital events and new experiences, the metaverse opens up a new virtual reality to the digital asset community.
The Yield App Tower will provide our most loyal Yielders with exclusive access to events, games and experiences, helping us build and further support our community. Our aim is to construct a home for our creative and metaverse-curious Yielders, giving them the opportunity to build and create together with us.
Tim Frost, CEO of Yield App, says: “We are delighted to be partnering with the distinguished and experienced team at MyReality DAO for our first foray into the metaverse. This is just the beginning of the growth and development in the metaverse, and we want to be the pioneers in this exciting new space.
“The Yield App tower will allow us to bring all our community together in one virtual space, regardless of where they are in the world, allowing us to continue pursuing our mission of democratizing finance.”
Quoc Bao Ngo, Founder of MyReality, says: "We believe Yield App shares our vision of what the metaverse means not only now but in the future. The possibilities go beyond entertainment. We want to bring people together through social games, education and finance.
"We are proud to be building the Yield App Tower and can't wait to see what creative ideas the community will come up with in the future."
Yield App joins over 200 existing partnerships operating in The Sandbox, hot on the heels of other key financial businesses which have recently announced their own ventures in the metaverse, including global financial giant HSBC, trading platform eToro, and major bank JP Morgan. Major crypto exchange Binance also owns land in The Sandbox, while outside the financial world well-known brands Adidas, Gucci and Atari have made forays into the space.
We have lots of plans for our partnership with MyReality and we are looking forward to sharing these exciting opportunities with our customers. Keep an eye on our social media channels for further announcements and updates as we plan and build our very own metaverse home!