In a recent development, The Sandbox, a blockchain-based virtual world, has announced a partnership with Bitkub Blockchain Technology Co., Ltd., a prominent blockchain network in Thailand. The announcement was made via a Medium post on Tuesday. This partnership signifies a further expansion of blockchain technology into the Southeast Asian market. However, the overall market sentiment remains pessimistic due to the increasing global regulatory scrutiny on cryptocurrencies and blockchain technology. The impact of this partnership on the broader blockchain industry remains to be seen.