Metaverse Startup The Sandbox Closes $93M Sequence B Led by SoftBank

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Metaverse startup The Sandbox closed a $93 million Sequence B funding spherical led by SoftBank, mentioned a press launch.

  • The Sandbox is an Ethereum-based platform the place gamers can “play, create, personal, and govern a digital world,” in line with its website.
  • Gamers can personal in-game property within the type of non-fungible tokens (NFTs), comparable to plots of land that they will construct on.
  • The Sandbox token, SAND, has a $2.46 billion market cap, in line with knowledge from intelligence platform CoinMarketCap.
  • The startup’s majority stakeholder is Hong Kong-based gaming agency Animoca Manufacturers, an early metaverse and GameFi backer which was valued at $2.2 billion after elevating $65 million in October.
  • Different traders within the spherical embody Animoca Manufacturers, True International Ventures, Liberty Metropolis Ventures, Galaxy Interactive, Kingsway Capital, and Blue Pool Capital.
  • The digital world now has $144 million in gross merchandize worth, 500,000 registered wallets, and 12,000 distinctive land homeowners, the press launch mentioned.
  • The Sandbox has additionally arrange partnerships with names like rapper Snoop Dogg, AMC TV collection The Strolling Lifeless, kids’s cartoons Care Bears and The Smurfs, gaming model Atari, and NFT assortment CryptoKitties, in line with the press launch.

Learn extra: Metaverse Backer Animoca Manufacturers Raises $65M at $2.2B Valuation

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