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Paris Hilton Builds Her Own Virtual Malibu Mansion in the Sandbox

Paris Hilton is moving permanently online. The Sandbox announced yesterday that it has partnered with the fashion icon to build her Malibu Mansion.

The post Paris Hilton Builds Her Own Virtual Malibu Mansion in the Sandbox appeared first on BeInCrypto.

Paris Hilton is moving permanently online. The Sandbox announced yesterday that it has partnered with the fashion icon to build her Malibu Mansion.

The Sandbox, a subsidiary of Animoca Brands is a decentralized gaming virtual world. In partnership with Hilton’s company, 11:11 Media, the Sandbox will be the new destination of Paris Hilton’s virtual mansion. The Sandbox has 40 million + global installs on mobile phones across the world.

Hilton said, “I am beyond excited to expand Paris World further into the metaverse. In collaboration with my amazing partner The Sandbox, my team is dedicated to building an incredible real-life experience for my fans.”

Paris Hilton Builds Her Own Virtual Malibu Mansion in the Sandbox

Paris Hilton, OG Crypto Queen

Self-described as an entrepreneur, DJ, and OG crypto queen, Hilton is beefing up her Web3 presence. Hilton is an early adopter of Web3. She produced a line of digital wearables way back in 2015 with Animoca. She also instigated the building of Paris World in Roblox.

Hilton’s foray into the Sandbox lets fans experience all-things-Paris. Her community will be invited to events such as rooftop parties in her virtual Malibu mansion. Players will also be invited to a Halloween event. 

Hilton’s press team said, “In the Web3 space, she’s a longtime crypto enthusiast, a lover of digital art, an avid NFT collector, and a metaverse icon. Her integrated media and production company, 11:11 Media, is a multi-billion-dollar enterprise with verticals covering TV (Slivington Manor Entertainment), podcasts (London Audio), digital (11:11 Digital), licensing, NFTs, music, impact, and more.”

Sebastien Borget is the co-founder of The Sandbox. “We’re pleased to give a warm welcome to Paris Hilton, the queen of the metaverse. The Sandbox provides a creative space that allows anyone to let their imagination come to life, and Paris Hilton is building a glamorous fantasy land filled with virtual parties and diverse entertainment attractions from her universe.”

Sandbox and the Metaverse

The Sandbox describes itself as “part virtual real estate, part amusement park.” It is a place that “embraces the idea of the metaverse as a continuous shared digital space where worlds and heroes collide to make magic.”

The Sandbox is one metaverse that constantly makes headlines for selling virtual real estate. It has partnered with some big names including Warner Music Group, Deadmau5, Snoop Dogg, Gucci Vault, Atari, Ubisoft, Steve Aoki, The Rabbids, The Walking Dead, Adidas, Richie Hawtin, The Smurfs, and the Care Bears.

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The post Paris Hilton Builds Her Own Virtual Malibu Mansion in the Sandbox appeared first on BeInCrypto.

Source: Markets – BeInCrypto

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Altcoins

Crypto fund flows suggest ‘continued investor hesitancy’: CoinShares

Crypto funds saw a third straight week of inbound investments last week. However, CoinShares’…

The post Crypto fund flows suggest ‘continued investor hesitancy’: CoinShares appeared first on CoinJournal.

  • Crypto funds saw a third straight week of inbound investments last week. However, CoinShares’ James Butterfill says the low inflows suggest there’s “continued investor hesitancy.”

The crypto market has struggled to tag a positive sentiment, with September again proving a tricky month for bulls as prices remained largely within a long term downtrend going back to November 2021.

So while institutional investors continue to size up opportunities in the digital assets sector, flows into investment products have significantly remained low over the past few weeks.

James Butterfill, Head of Research at digital asset manager CoinShares, says the low inflows seen last week imply a “continued hesitancy” from investors.

Butterfill shared the outlook in the latest edition of the “Digital Asset Fund Flows Weekly Report”, which CoinShares published on Monday.

Crypto funds see third week of inflows

Fund outflows year-to-date are at more than $42 million, with the past three weeks seeing positive flows.

According to Butterfill, the low flows suggest institutional investors are still weighing up the market, particularly given the global macroeconomic environment.

Digital asset investment products saw inflows totaling $10.3 million last week representing the third week of inflows. The flows remain low implying continued hesitancy amongst investors, this is highlighted in investment product trading volumes which were $886 million for the week, the lowest since October 2020,” Butterfill wrote.

Bitcoin recorded minor inflows for a third week in a row, with $7.7 million (short bitcoin saw inflows of $2.1 million). Meanwhile, Ethereum registered $5.6 million in inflows last week to post a second positive week – but short Ethereum products hit outflows of $0.9 million.

Across the altcoin market, negative sentiment saw investors pull $3.5 million. Top outflows were in Polygon, Cardano and Avalanche.

The post Crypto fund flows suggest ‘continued investor hesitancy’: CoinShares appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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