The Company has effectively doubled down in the South Korean market with their investment in Axie and the further deepening relationship with KAKAO, KLAYTN and HASHED on top of their current partnership with the same parties involved withThe SANDBOX!
Sebastian Barget has spoken to the fact that the primary marketing push for The SANDBOX will be in the South Korean market where the ground is more fertile for Blockchain based gaming at this time in addition to our supporting partners being localized.
The Blockchain portion of The Sandbox will be operating on the Klaytn platform in the Korean market as per the terms of the agreement back on 5-23.
I am guessing the hold up might be related to the Sand Tokens and how they may have been used in the structure of the 5-23 announcement for The Sandbox Cash Raise.
This could easily explain the lengthy time frame required to try and reach either a classification, or some form of clarification that can be agreed upon for how these digital game tokens will be treated in terms of a valuation metric or perhaps use outside of the gaming ecosystem ....
Pretty sure the Company would have done their research and received legal and accounting opinion’s on the potential treatment of this unconventional form of a trade able digital asset used in a partnership transaction!
Just thinking out loud here! I have absolutely no idea if what I am thinking is even remotely close to what might be causing the prolonged Halt!
Nice to see other deals getting announced with some pretty wealthy and successful business partners during the Halted period!
Their teams of lawyers have probably looked things over pretty carefully!
all the above nothing more than my opinion
dyodd
Ann: Leads investment into Sky Mavis, maker of Axie Infinity, page-28
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