The Sandbox, a well-known metaverse and Web3 gaming company, has declared the acquisition of numerous top meme-based cryptocurrencies because it values the culture of innovation as a fundamental aspect of the open metaverse. The company is committed to participating in and supporting the growth of the Web3 ecosystem for the benefit of all its members.

As stated in a recent article, the company announced that it has acquired $PEPE, $SHIB, $MEME, $DOGE, $BONK, and $DEGEN, with the intention of showing support for their respective communities and expanding its influence in the Web3 community, as well as offering users practical benefits.

The Sandbox disclosed the specific details of the cryptocurrencies it currently possesses and also mention its future intention of utilizing these memecoins for launching engaging initiatives that will bring more value to its users and the wider namecoin community.

In 2011, The Sandbox initially focused on creating mobile games. However, with the acquisition by Animoca Brands, the company shifted its focus towards crypto and in 2020, it raised capital to develop a virtual gaming world on Ethereum. This platform enables users to use non-fungible tokens (NFTs) to generate revenue from their gaming experiences.

The Sandbox gained recognition in the midst of the NFT craze in 2021 and gained the attention of well-known individuals such as Snoop Dogg. Snoop Dogg created his own virtual community, known as the Snoopverse, within the metaverse. In the previous year, a user invested nearly $500,000 to obtain virtual land in close proximity to Snoop Dogg's virtual domain.

The Sandbox has recently achieved unicorn status after securing $20 million in funding through their latest round, which was led by LG Tech Ventures. This further cements the company's position as a prominent figure in the ever-growing metaverse world.