Sandbox raised $ 93 million through a Series B investment round led by SoftBank Vision Fund 2, which will help the project stimulate growth. y will use the funds to grow their development team, support content creators, and engage more brands and IPs. Sandbox has already partnered with major brands like Walking Dead, Smurfs, Care Bears, Atari, and Deadau5.
$ 93 million investment in Sandbox doesn’t come from SoftBank alone. In addition, investment funds such as Galaxy Interactive, LG Technology Ventures, Polygon Studios and Samsung Next were part of the Series B investment round.
“This investment round led by Softbank Vision Fund 2 will help expand our growth, operations and player acquisition strategy in Sandbox Ecosystem while delivering a clear statement that the world’s most innovative fund believes in Web3 and the decentralization as the next big trend, ”said Sebastien Borget, COO and co-founder of Sandbox.
Sandbox has seen great growth in 2021 so far. virtual world already has 500,000 registered portfolios and more than 12,000 sole proprietors of land. Following the Facebook Meta announcement, the value of the native SAND token has increased by more than 140%.
Ultimately, Sandbox wants to turn each player into a creator, allowing them to participate in a player-owned economy that expands to architecture, fashion, virtual events, art galleries, and the games themselves. y want their virtual world to be part of the larger metaverse; open, social and full of NFT. Users own their data, participate in an economy, and can change their identity as they wish.
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In Sandbox, players will be able to use the Play to Win caral to monetize their time spent in the metaverse. Playing to Win creates a supply and demand circular economy where resources collected by one category of players are sold and bought by another category of players or creators, rewarding participants for their time.
What is Sandbox?
Sandbox is one of the blockchain-powered virtual worlds currently under development. virtual world of Sandbox consists of lands and voxels fill each of those lands. It will visually remind many players of Minecraft, as both games have this Lego-inspired look. However, players can purchase virtual land and implement any form of monetization. se virtual lands can be turned into mini-games, adventures, virtual stores, extensions of real web stores, spaces for social gatherings, etc.
Sandbox offers free tools for developers, gamers, and content creators. Creators can use VoxEdit to create objects. Furthermore, Game Maker allows users to create interactivity on their virtual land. Sandbox will also create a meta gaming experience. Players can, for example, perform daily or weekly missions to their guild. This will win over SAND players, which they can sell or use to buy in-game items or virtual terrain.
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