The Sandbox parent company Animoca Brands has raised $358,888,888, to build open metaverse and enable individual digital ownership
Animoca Brands invests big money in Sandbox metaverse cryptocurrency gaming businesses. Sandbox Looks to Boost Metaverse Startups With $50M Incubator Program!
“The Sandbox’s metaverse accelerator is a major expansion of our ongoing commitment to support the next generation of metaverse entrepreneurs,” Sebastien Borget, co-founder of The Sandbox, said in a press release. “With imagination, ideas and hard work, startups from all over the world can realize their visions and drive societal impact by creating more opportunities for everyone.”
The Sandbox is a subsidiary of Animoca Brands, one of the metaverse industry’s most active investors.
Animoca Brands raised a $360 million funding round earlier in January, valuing the firm at $5.5 billion, more than double its $2.2 billion valuation from last October.
The firm also led a $130 million Series B for Brinc in December to boost the company’s expansion into Web 3 gaming.
