India has emerged as a leading content creator source for the popular Metaverse platform, The Sandbox, surpassing the US and Brazil.
Focus on the Indian Market
India’s rise came after The Sandbox’s strategic focus on the Indian market, announced in December 2023, which doubled the platform’s user base in the country to 350,000. The company now aims to reach one million users in India within the next two years. According to The Sandbox co-founder Sebastien Borget, the rapid growth was attributed to various boot camps and educational programs conducted either directly by The Sandbox or through its joint venture BharatBox, in collaboration with partners like the India-based cryptocurrency exchange CoinDCX. BharatBox was initially launched with $1 million in funding and is expected to receive an additional $200,000 by the fourth quarter of this year.
Borget's Opinion on the Web3 Market
Commenting on the overall Web3 market, Borget noted increased interest due to the approval of spot-crypto exchange-traded funds (ETFs) in the US but emphasized that the market has not yet entered a bull phase. He pointed out that institutional money flow has not led to higher user adoption because retail investors have not heavily invested their savings in crypto. However, Borget remains optimistic about Web3 adoption with the emergence of higher-quality games and platforms like Telegram’s distribution network.
Comments on Telegram
Borget also commented on the arrest of Telegram CEO Pavel Durov in France over allegations related to illegal transactions and child abuse materials on the platform. He stressed that while privacy is a fundamental right, platforms should not remain neutral and must cooperate with authorities when used for serious crimes.
India is solidifying its position as a leader in content creation for The Sandbox, underscoring its role not only in technology but also in entertainment and media.
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