The Sandbox, a virtual world and Metaverse game, has raised $93 million in a funding round led by SoftBank Vision Fund 2, which invests into crypto assets for the first time.
Some notable investors include Animoca Brands, True Global Ventures, Polygon Studios, Samsung Next, LG Technology Ventures and many more.
The game has seen incredible growth in 2021, with over 500,000 registered wallets and 12,000 unique land owners. The lifetime Gross Merchandise Value (GMV) has exceeded $144M.
The Sandbox is a well-known metaverse with a player-owned world full of creative experiences. The users are developing a digital alter-ego that can participate in social activities and earn through the play-to-earn model.
“This investment will help fuel the growth of The Sandbox creators’ economy as we expand beyond
gaming into fashion, architecture, virtual concerts and shows, art galleries, museums, and more,”
said Arthur Madrid, CEO and Co-Founder of The Sandbox. “We are developing an entire ecosystem
that opens new digital job opportunities for players and creators in our open NFT metaverse.”
The SandBox’s potential is enormous, and big names in the space such as Binance already own parts of the land within the 3D, Voxel-based world.
A new world to explore and a new digital life to live!
The eGamers.io News Team.
A collaborative account.