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UA Multimedia to Acquire Virtual Land and Start Development of Play-to-Earn Game on Sandbox Metaverse - Land.Net News

UA Multimedia, Inc. (OTC Pink: UAMM), a technology holding company and solution provider in the areas of blockchain, cryptocurrency, decentralized finance (DeFi), NFT and metaverse, today announces its initial entry into the metaverse by land acquisition and developing a Sandbox Play-to-Earn game.

Sandbox is built on the Ethereum blockchain and is one of the most dominant players in the metaverse and gaming industry.  Sandbox allows users to acquire virtual land and use it to create their own world.  The content and applications developed for the virtual world can also be monetized.

UAMM will start its metaverse initiative by acquiring a plot of land in Sandbox and develop it to host entertainment and marketing events.  The Company also plans to monetize by developing a Sandbox Play-to-Earn game as well as game assets which can be sold as NFTs.

View full press release here
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