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Metaverse platform The Sandbox’s token SAND saw a price surge following the announcement of the Metaverse Standards Forum last week. The forum, which brings together leading standards organisations and companies for industry-wide cooperation on interoperability standards needed to build the open metaverse includes Meta, Alibaba, Sony, NVIDIA and Ikea as its founding members.
As at June 27, SAND is trading 41% higher over the past 7-day period at US$1.21 apiece. Its all-time high was recorded on Nov 25, 2021 at US$8.40 apiece.
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Chart: SAND 7-day price performance, CoinGecko
Crypto firm Luno has expanded the offerings on its Singapore platform to include USDC Savings Wallet and two new cryptocurrencies — Chainlink and Uniswap. The USDC Savings Wallet offers a “competitive rate” of up to 7.6% yield with no lock-in period, the company said in a statement.
As it offers a familiar interest product to traditional banking, the savings wallet is a good avenue for new customers to grow their investments passively, said Luno global expansion manager and country manager for Singapore, Sherry Goh. The firm was granted in-principle approval from the Monetary Authority of Singapore under the Payment Services Act to provide Digital Payment Token services in April.