SANDBOX GROUP Unveils Its Entry Into the Web3 Arena with XDB Chain Partnership

London, UK, October 11th, 2023, Chainwire

XDB CHAIN WILL POWER SANDBOX'S CRYPTOCURRENCY AND AID IN REVOLUTIONIZING THE EDUCATION SECTOR'S MOVE TO WEB3

Sandbox Group , the London-based organization that operates a network of educational businesses, has formed a partnership with XDB CHAIN , a user-friendly open-source blockchain facilitating digital asset transactions. This collaboration aims to develop an exclusive cryptocurrency branded under Sandbox that will be accessible as a payment method for users engaging with Sandbox's extensive array of digital offerings globally. 

This forthcoming cryptocurrency will act as a transaction medium, allowing for payments, special rewards, and various incentives. Its secure, decentralized, and transparent framework will uphold the integrity of the ecosystem, striving to tackle some of the critical challenges facing the digital transformation and growth in education.

Rolling out this new branded cryptocurrency marks a significant milestone in the blockchain sphere, as it will be uniquely embedded within Sandbox Group’s suite of brands and services, which includes Kidomi, a comprehensive super app, and Code Kingdoms, an online platform for children's coding courses.

Recently, XDB CHAIN launched Branded Coins (BCOs), which facilitate collaboration among different brands on a unified technological framework. This forward-thinking initiative will enable Sandbox Group to offer enhanced benefits to users, creating an improved user experience in web3—the decentralized version of the internet—while also providing exclusive discounts, leading to even greater value for subscribers.

Shan Eisenberg, Sandbox Group's Chief Commercial Officer, shared, \"We are excited to announce the introduction of our new cryptocurrency, which will elevate our existing offerings at Sandbox Group and provide distinct incentives for our user community. Our choice to mint this cryptocurrency using the XDB CHAIN is driven by their innovative model tailored for onboarding brands and optimizing loyalty ecosystems.\"

Daniele Mensi, CEO of XDB FOUNDATION, remarked, \"Partnering with Sandbox Group excites us because we believe this alliance can effectively address the cryptocurrency sector's challenges, such as mass adoption and user experience. By integrating the new cryptocurrency within Sandbox Group's product ecosystem, which reaches millions globally, we aim to pave the way for widespread, legitimate cryptocurrency use with enhanced real-world applications.\"

Expect the official whitepaper to be released later this month, detailing the coin’s name and additional specifications. The cryptocurrency launch is projected for early 2024.

For more information please contact: 

Sara Sciusco: Marketing Manager  

Agnes Lesti: Communications and Partnerships Manager

About Sandbox Group

Sandbox Group, stationed in London, operates a network of educational businesses. We aim to cultivate, support, and scale a varied family of brands and services. Our philosophy is that collaboration enhances our collective capabilities, making learning enjoyable and engaging. Our businesses span the realms of digital, education, and media, encompassing brands like Code Kingdoms , online coding courses for kids, Hopster , a preschool learning platform, and Leiturinha, the leading children's book subscription service in Brazil. Sandbox is dedicated to creating an unmatched ecosystem of edutainment products, currently serving over 65 million children, their parents, and educators.

About XDB CHAIN

Thanks to XDB CHAIN, the entire initiative and community are well-equipped to usher the blockchain industry into a new chapter, embracing innovative applications, fostering collaborative communities, and boldly redefining technology’s potential. This is your invitation to join XDB CHAIN on this exciting journey into the future of Blockchain for Brands that empower the Consumers of Tomorrow.

Contact

Marketing Manager
Sara Sciusco
XDB Foundation