The SANDBOX Group announces its move to Web3 through partnership with Wi Cryptocurrency scrgruppen
[PRESS RELEASE – London, UK, October 11th, 2023]
XDB Chain to power the Sandbox branded cryptocurrency and promote the education sector’s transition towards WEB3
Sand setthe London-based group that operates a network of educational companies, has announced a partnership with XDB seriesAn easy-to-use, open source blockchain used to power digital assets. The collaboration will see the development of an exclusive branded cryptocurrency that will be made available as a payment option to users of the Sandbox’s wide range of digital products and services around the world.
The soon-to-be-released cryptocurrency will serve as a medium of exchange, enabling transactions, exclusive rewards, and incentives. Its secure, decentralized and transparent nature will ensure the integrity of the ecosystem, with the aim of addressing some of the most pressing challenges in the digital transformation and growth of the education sector.
The launch of the new branded cryptocurrency marks a major development in the world of blockchain as it will be integrated exclusively into The Sandbox Group’s portfolio of brands and services which includes Kidomi, the all-in-one super app, and Code Kingdoms, the online coding courses for kids.
XDB CHAIN recently introduced Branded Coins (BCOs) that allow multiple brands to collaborate across the same technology stack. This innovative concept will allow The Sandbox Group to provide incremental benefits to its users through improved user experience in web3, the decentralized internet, as well as offering special discounts, resulting in better value for its subscribers.
“We are pleased to announce the launch of a new cryptocurrency that will enhance Sandbox Group’s existing products and offer unique incentives to our users,” says Shan Eisenberg, Chief Commercial Officer of The Sandbox Group. “Our decision to mint cryptocurrency exclusively on XDB CHAIN stems from the innovative approach of XDB CHAIN In blockchain technology, specifically designed to onboard brands and leverage loyalty ecosystems.”
“We are excited to partner with Sandbox Group because we see this relationship as the perfect way to address the challenges the cryptocurrency industry faces: mass adoption and user experience,” says Daniel Mincey, CEO of XDB FOUNDATION. “By integrating this new cryptocurrency into the Sandbox Group’s product ecosystem Reaching millions of users worldwide, we aim to encourage widespread legitimate acceptance of cryptocurrencies towards a range of enhanced real-world use cases.
The official report will be released later this month, including the name of the coin and all the details. This new cryptocurrency is expected to be launched in early 2024.
For more information please contact:
Sarah Sciosko: Marketing Director media@xdbfoundation.com
Agnes Lesti: Director of Communications and Partnerships a.lesti@sandboxkids.io
About Sandbox Group
Sandbox Group is a London-based group that operates a network of educational companies. At Sandbox we strive to build, nurture and support the expansion of a diverse portfolio of brands and services. We know that the whole is greater than the sum of its parts, so we believe in the power of collaborating with like-minded partners to create fun and engaging learning. Our business lies at the intersection of the digital, education and media industries and includes brands such as Code KingdomsProgramming courses for children online, HopsterLeiturinha, the pre-school learning platform, No. 1 in Brazil. Children’s book subscription service. Sandbox is committed to providing an unparalleled ecosystem of edutainment products, currently reaching over 65 million children, their parents and teachers.
About XDB Series
As XDB CHAIN, the entire project and its community stand poised to push the blockchain industry into a new era to embrace new use cases, nurture collaborative communities, and boldly push the boundaries of what technology can achieve. This is just an invitation to join XDB CHAIN on this journey towards a Blockchain future for brands that empower tomorrow’s consumers.
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