January 31st, 2022 at 4:51 pm UTC · 4 min read
PwC, the global professional services firm, has become the latest large corporation to jump on the metaverse bandwagon. The firm’s Hong Kong subsidiary has acquired digital real estate in The Sandbox (SAND) – a game in which players can purchase digital land for upwards of $10,000.
Despite the huge investment, The Sandbox’s price continues to fall in recent weeks and it has lost over 50% of its value since its all-time high in late November 2021. The fall is partly due to a global crypto crash over the past month but it is also a common symptom of the huge initial success cryptocurrencies like The Sandbox (SAND) generate early on after their release. It has been shown time and time again that getting in early on to these cryptocurrencies, with strong fundamentals, can prove to be the most successful strategy for generating huge returns on investments.
With the imminent launch of Seesaw Protocol (SSW), a new crypto poised to take advantage of the growing NFT market, this could be the ideal opportunity to turn $1000 into so much more.
As a hype bubble continues to grow around the perceived value of non-fungible tokens (NFTs) and the ability to invest in an illiquid asset with no material value, there is an increasing desire to profit from the opportunities presented by digital trading.
The Sandbox (SAND) raised $2.5 million in May 2019 to fund the development of its project. This resulted in a retro-style pixelated environment in which users can purchase plots of virtual LAND, develop them, and then sell them. According to blockchain data, recent sales of ‘undeveloped’ LAND have averaged around $10,000 – but one tract of virtual land in the metaverse reportedly sold for $4.3 million in November 2021.
With so much money already being spent on this entirely virtual experience, it’s unsurprising that some of the world’s largest businesses are interested in participating. Numerous promotional partners, including hip-hop legend Snoop Dogg, electronic music mogul Deadmau5, and now Big Four accounting firm PwC, own land.
Meanwhile, a new cryptocurrency called Seesaw Protocol (SSW) has just embarked on its presale, promising to enable users to conduct cross-chain swaps using multiple solutions at the best possible rates.
Unlike The Sandbox (SAND), which is only on Ethereum (ETH), Seesaw Protocol (SSW) will provide a truly multi-chain bridge, connecting Binance’s Smart Chain, Polygon, & Ethereum. So which cryptocurrency is therefore the best investment for your money?
Using data from coinmarketcap.com, we can determine how much a $1000 investment could have returned to those who joined The Sandbox from the beginning. If you invested in The Sandbox when it launched you would have seen an 18,000% by the time it hit its all-time high in late November 2021. This would have turned $1000 into $180,000.
While SAND’s market capitalization has increased significantly since its launch, this massive rate of increase won’t be sustainable as they advance their projects. As mentioned previously the price has already fallen and the investors who made the most money were those who got into The Sandbox (SAND) very early on. The Sandbox is unlikely to explode in the same fashion as it did early on.
On the other hand, Seesaw Protocol (SSW) will begin its presale next week, providing investors with an ideal opportunity to invest from the ground up. As crypto investors have seen time and time again with the likes of The Sandbox, MANA, and Polkadot (DOT), getting in early on a cryptocurrency can yield massive rewards.
Seesaw Protocol (SSW) has the potential to be a game-changer for DeFi projects. The gas fees on blockchains, particularly Ethereum, can be notoriously high at busy times. Seesaw Protocol can help holders find the lowest prices and most efficient transfers cross-chain.
One of the ways Seesaw Protocol’s team plans to build and enhance its crypto community is by adding a fee to each transaction. There is a 3% fee for each purchase of SSW and 5% for each sale. This is beneficial to SSW holders, as the 3% is redistributed amongst existing holders. The 5% sell fee is added as a liquidity pair with Binance Coin (BNB) on PancakeSwap. This could also help stabilize the crypto as it encourages people to buy and hold instead of sell, hopefully decreasing wild volatility.
As has been proven by the near 180,000% increase in The Sandbox (SAND) from launch, that investing in a cryptocurrency as early as possible can see massive profits on a relatively small investment. New cryptos have made millionaires of early adopters. Seesaw Protocol (SSW) could be a unique opportunity to get in before the gold rush.
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