The Sandbox, a leading decentralized gaming virtual world and a subsidiary of Animioca brands, is proud to announce the acquisition of the Uruguayan Company, Cualit, a full-stack gaming development technology firm. The Sandbox acquired the company to boost its Web3, Metaverse, and blockchain innovations and development capabilities through its access to development resources and providing access to regional talent.
Years ago, the Sandbox was known to have had a close partnership with Cualit and its co-founders- the Martin and Frederico Perez brothers. The partnership has significantly boosted Sandbox’s team development and growth in the gaming sector by providing additional resources and infrastructure from Cualit. The recent acquisition of Cualit by Sandbox will let it become ‘The Sanbox Uruguay.’ This will help expand The Sandbox global team and accelerate the growth of its ambitious metaverse ecosystem.
Role of Cualit in the Tech Industry
Cualit has been so crucial in the process of decentralization of the tech industry in Uruguay. With over 10 years of activities, it has been instrumental in applying innovative blockchain frameworks and technologies to competitive and leading projects. Through its digitalization activities, it has empowered the digital transformation of Uruguay and made its stance as an innovative hub for technology and software development. With its new identity, The Sandbox Uruguay, it will focus its innovations and infrastructures on propelling the development of The Sandbox company.
“The Sandbox Uruguay will add a technology-driven team to support the development of critical tools and infrastructure such as the Dashboard, the Marketplace, publishing tools, data analysis, and data flows that power The Sandbox platform,” said Sebastien Borget, COO and Co-Founder of The Sandbox. “This acquisition will help us rapidly scale the play-and-earn adoption by our growing ecosystem of partner brands and the UGC Creators Economy.”
Why Uruguay?
Uruguay, known for its quality education system and many prominent Fintech companies, will serve as a perfect location for The Sandbox’s next development office apart from the one situated in Argentina. The Sandbox plans to enhance The Sandbox Uruguay capabilities by focusing more on the local Web3 talents present in Uruguay. It plans to hire up to 90 technology professionals for The Sandbox Uruguay, making it up to 150 Sandbox employees in Latin America.
Arthur Madrid, CEO and Co-Founder of The Sandbox, said, “Web3 technology is rapidly evolving. We believe The Sandbox Uruguay will help us onboard millions of users through their expertise in web design and user flow.” He continued, “Uruguay is a fantastic place to invest in technology. We see a new generation of developers who want to rethink how we use and own our data through the open metaverse.”
