Animoca Brands Invests in AERO, Boosting The Sandbox Ecosystem

Animoca Brands, the company behind popular blockchain gaming platform The Sandbox (SAND), has made a strategic investment in AERO, a liquidity hub within the Base network. This move may not immediately impact SAND coin prices, but is expected to provide long-term support for both projects. While the news comes amidst a period of relative quietness for SAND, it highlights Animoca Brands’ continued focus on expanding its investments and partnerships in the growing blockchain ecosystem. Base Network, launched by Coinbase, is currently the most actively used Ethereum layer 2 solution and holds considerable interest in the crypto space. While Base doesn’t yet have its own token, several altcoins operating within the network during a bullish phase are expected to experience significant growth as activity on this platform increases. The number of active users and TVL (total value locked) is significantly up, positioning the Base network as a promising investment alternative for investors looking to diversify.