Shares Pop on Sandbox News

The potential in the metaverse keeps growing, and this company is looking to capitalize on the opportunities in this growing ecosystem.

Technology holding company UA Multimedia, Inc. (OTC Pink: UAMM) is stepping into the metaverse by land acquisition and developing a Sandbox Play-to-Earn game. UAMM focuses on blockchain, cryptocurrency, decentralized finance (DeFi), NFT and the metaverse.

The metaverse initiative will start with UAMM acquiring a plot of land in Sandbox and developing it to host entertainment and marketing events, per the Company’s press release. There are also plans to develop a Sandbox Play-to-Earn game as well as game assets which can be sold as NFTs.

UAMM plans to diversify and target a broader range of audience for its products and services through diversification in Decentraland, another metaverse as well.

Shares popped and were trading up over 30% in afternoon trade.