Metaverse is dead in the West, but ‘so hot' in Asia: Sandbox co-founder

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Metaverse is dead in the West, but ‘so hot' in Asia: Sandbox co-founder
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Sebastian Borget, the founder of The Sandbox says that while the metaverse may feel like it's “dead” in the United States, development and user activity is alive and well throughout Asia.

The metaverse might feel like it's “dead” for users living in the United States but the industry is thriving throughout Asia, says The Sandbox co-founder and COO, Sebastien Borget.

Borget aldetailed how The Sandbox had just closed a major virtual land sale in Turkey where the metaverse has what he described as a “big ecosystem.” Despite the slowing use of the metaverse in the West, Borget looked to a number of new developments in the Web3 and virtual reality sector more broadly with a sense of optimism.

“We often do this comparison with the real world, where it's like: if I buy a tennis racket — is it the same if I buy it, and it has been used by Pete Sampras, before or after?” Borget jested.headset as a major step forward for the metaverse industry, with the extended-reality features allowing for digital assets in physical environments to look just as real as real ones.“This leads to digital assets becoming even closer to you.

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