XDB Chain Partners with Sandbox Group to Power Branded Cryptocurrency for Education Sector
Sandbox Group, a London-based network of learning businesses, has announced a partnership with XDB Chain, an open-source blockchain platform. The collaboration aims to develop an exclusive branded cryptocurrency that will be used as a payment option for Sandbox’s digital products and services worldwide. The cryptocurrency will facilitate transactions, rewards, and incentives within the ecosystem while ensuring security and transparency. This initiative is a significant milestone in the blockchain industry as it will be integrated into Sandbox Group’s portfolio of brands and services, including Kidomi and Code Kingdoms.
Enhancing User Experience with Branded Coins
XDB Chain has recently introduced Branded Coins (BCOs), which allow multiple brands to collaborate on the same technology stack. This innovative concept will enable Sandbox Group to offer progressive benefits and an enhanced user experience in web3, the decentralized internet. Users can expect special discounts and better value through the integration of the new cryptocurrency.
“We’re excited to launch this new cryptocurrency that will enhance our existing products and provide unique incentives to our users. We chose XDB Chain due to their innovative approach to blockchain technology and their ability to onboard brands and leverage loyalty ecosystems,” says Shan Eisenberg, Chief Commercial Official of Sandbox Group.
“Partnering with Sandbox Group allows us to address the challenges faced by the cryptocurrency industry, such as mass adoption and user experience. By integrating this new cryptocurrency into Sandbox Group’s ecosystem, we aim to encourage widespread acceptance of cryptocurrencies for real-world use cases,” says Daniele Mensi, CEO of XDB Foundation.
The official whitepaper for the branded cryptocurrency will be released later this month, revealing its name and other details. The launch is expected in early 2024.
About Sandbox Group
Sandbox Group is a London-based network of learning businesses that aims to build, nurture, and support a diverse family of brands and services. Through collaboration with partners, Sandbox creates engaging learning experiences at the intersection of digital, learning, and media industries. Their portfolio includes brands like Code Kingdoms, Hopster, and Leiturinha, reaching over 65 million children, parents, and teachers.
About XDB Chain
XDB Chain is an open-source blockchain platform that seeks to propel the industry into a new era of novel use cases and collaborative communities. They aim to empower consumers through Blockchain for Brands and embrace the future of technology.
For more information, please contact:
Sara Sciusco: Marketing Manager – [email protected]
Agnes Lesti: Communications and Partnerships Manager – [email protected]
Hot Take: Revolutionizing Education with Branded Cryptocurrency
The partnership between Sandbox Group and XDB Chain represents a significant step towards revolutionizing the education sector. By integrating a branded cryptocurrency into Sandbox’s portfolio, users will enjoy enhanced benefits and incentives within the ecosystem. This collaboration addresses key challenges in the cryptocurrency industry such as mass adoption and user experience. The launch of the new cryptocurrency in early 2024 is highly anticipated as it opens up opportunities for real-world use cases in education. With its secure and transparent nature, the branded cryptocurrency powered by XDB Chain has the potential to transform how transactions are conducted in the education sector.
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