Following The Merge’s completion, all temporarily absent features from the site are back:
Ethereum’s update has caused plenty of global excitement and even deep concern amongst crypto gamers. It’s a serious undertaking to swap blockchain systems from proof-of-work for proof-of-stake. It looks like Sandbox players can relax as the platform returns to normal.
The Sandbox is a user-generated, virtual-gaming world where players can build, own, and monetize their gaming experience. Players can build, own, and monetize their gaming experiences in the Ethereum blockchain, and following The Merge, they can do it without worrying about their carbon footprint.
The metaverse game has recently announced a series of collaborations, including major Asian Bank DBS and arcade game producer Atari. Its newest season began on August 24th and will continue for ten weeks as over ninety new experiences enter the metaverse.
Ethereum’s The Merge is complete. However, users are already struggling to access the Ethereum PoW version of the blockchain following the new updates. Coindesk has reported user complaints that they can’t access the blockchain’s servers using the public information, and attempts to link it to a crypto wallet have failed.
Twitter users complained they couldn’t access the network using the information provided by the Ethereum PoW Twitter channel, while some reported problems accessing the network’s web servers. The Merge has been five years in the making, but it isn’t going entirely smoothly.
Coindesk also revealed that the price of ETHW, the native token of Ethereum PoW, fell in the past 24 hours, likely because users received the new tokens and instantly sold them on the open market. The tokens appear on several exchanges, including OKX.
On Thursday, tokens were trading at over $42. Following the Merge, however, they fell as much as 78% to as low as $8.20 early Friday CET. Futures tracking ETHW traded at over $54 when issued in the first week of September.
Praise For Change
Epoch's are finalizing. Proof of Stake Ethereum is here!
Congratulations to the entire community. 🐼 pic.twitter.com/oRZBRCRgPc
— Joseph Lubin (@ethereumJoseph) September 15, 2022
Ethereum is ~10% faster on proof of stake. Previously blocks were produced every 13.3 seconds on average. Now, blocks are produced every 12 seconds. https://t.co/ZWaPdBHnVi
— prestonvanloon.eth (@preston_vanloon) September 15, 2022
The Sandbox On The Ethereum Blockchain
The Merge enables play-to-earn (P2E) games to enjoy low gas fees and scalability. The Sandbox crypto -SAND- allows players to participate in the platform’s governance via a Decentralized Autonomous Organization (DAO), where they can exercise voting rights for critical decisions of The Sandbox ecosystem.
The Sandbox is the third-largest metaverse based on the Ethereum blockchain. It allows users to create, share, and monetize their assets (like real estate) and gaming experiences. People can own assets, play, build, and hold their properties, and make in-game purchases in the virtual world.
Expanding The Sandbox Metaverse
It seems like every passing hour brings another Sandbox collaboration. Cosmo Media Labs, a versatile production company for new media, has announced it has received its first investment from the P2E platform. The investment is also the first financial stake taken by The Sandbox.
Cosmo Media Labs CEO and Co-Founder Alexander Bushnell made the following statement:
“We’re excited to team up with The Sandbox and work with top creators, brands, and IP holders to unlock their full potential in the new era of digital entertainment and Web3. The Sandbox is the leader of the evolving open metaverse space and its investment and support will allow us to accomplish this at scale. We are proud to work together to bring brands a clear understanding and strategy of how to best leverage the power of their IP within the new landscape of interactive entertainment and digital ownership.” – Mobidictum
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