![]() This caused a surge in the popularity of blockchain-based games.ĭecentraland is currently the largest metaverse platform. The metaverse concept became popular towards the end of last year after Facebook announced it would rebrand into Meta. However, Borget has refuted these claims saying the company did not intend to go public. The bank also promised to buy a piece of virtual land within the metaverse.īefore the announcement of this funding round, it was reported that The Sandbox was planning to go public through an IPO. The UK-based banking institution announced it would enter the metaverse through a partnership with The Sandbox. Its metaverse has also attracted other leading names such as HSBC. The Sandbox continues to expand beyond its gaming plans. Warner Music Group is planning to have concerts in The Sandbox. It later expanded into the sale of virtual land, merchandise and hosting virtual events. The platform entered the metaverse world in 2018 after launching user-generated content. The Sandbox is currently the second-largest blockchain metaverse. It later made a 17%, and it was trading at around $3.01 at the time of writing. Before the announcement, SAND was trading at around $2.55. News of this funding round has been bullish for SAND. The Chief Operating Officer and co-founder of The Sandbox, Sebastien Borget, said that the company was planning for new funds that will allow it to increase its workforce and make strategic acquisitions. The funds garnered from the funding round were used to boost the platform’s open metaverse development. The funding round was led by Softbank Vision Fund 2. ![]() IN November 2021, The Sandbox closed a $93M Series B funding round. Once this funding round is complete, it could see the company’s valuation make a significant gain. The Sandbox attracted many investors during the previous funding round. Players use the NFTs to transfer assets between players and games. The Sandbox comes with animated 3D objects, in-game visual scripting and NFTs. The Sandbox metaverse and the games created within the platform are not controlled by a central authority. The Sandbox metaverse offers a virtual world for brands that want to create virtual experiences for their clients. The game is based on the Ethereum blockchain, and transactions are settled using the SAND token. The Sandbox was released in 2011, and it allows players to exchange and monetize in-game virtual assets. The gaming giant obtained the majority stake at The Sandbox in 2018. Pixowl is a subsidiary of Animoca Brands. The Sandbox is a blockchain game developed and published by Pixowl. The Sandbox plans a $400M funding roundĪccording to a report by Bloomberg, the $400B funding round will be done at a $4B valuation. The platform plans to attract both new and previous investors to back the funding round. The Sandbox, a non-fungible token (NFT) gaming platform, plans to raise $400 million in a funding round.
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