Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases of Partnership

Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases of Partnership
The bullish move in SAND, the native cryptocurrency of the blockchain-based virtual world The Sandbox, gathered steam after a tweet by the German sporting goods manufacturing giant seemed to confirm a relationship between the two companies.The token has rallied 25% in the past 24 hours, hitting record highs above 47 and taking the weekly gain to 70%, according to CoinDesk data.Adidas, which recently ventured into metaverse with the launch of POAP, or proof of attendance protocol, on its adidas CONFIRMED app, tweeted Tuesday about developing a so-called “adiVerse” in partnership with The Sandbox.The sporting goods company appears to have purchased…