The Sandbox, a Hong Kong-based NFT game developer, announced today that it has raised US$93 million (approximately 10.587 billion yen at today's rate) from SoftBank Vision Fund2, a SoftBank Group company, and other investors.
Accelerating the Development of the Open NFT Metaverse
The Sandbox's vision is "to grow players into creators in the blockchain economy.
The Sandbox announced that it has raised funds to accelerate the development of the metaverse, which will allow it to support more creators and add more brands and IP (Intellectual Property) for a full-scale launch.
"The Sandbox ecosystem is expanding rapidly, with more than 50 projects, six studios, thousands of creators, and new jobs being created through the "play-to-earn model," he said. The Sandbox"?
What is "The Sandbox"?
The Sandbox" is the Minecraft of blockchain games, where players can play, build, own, and monetize their own LAND using NFT and SAND utility tokens. The game is a simulation game in which players are free to determine their own objectives.
In the past year, The Sandbox has become the leading company in the major metaverse, and with over 12,000 unique owners, is one of the top virtual real estate companies in the world.
The Sandbox has partnered with over 165 brands, IPs and artists including Snoop Dogg, DeadMau5, Avenged Sevenfold, The Walking Dead, Smurfs, Manchester City, Square Enix, Atari and many more, and has over 1 billion fans. The company has earned a following of more than 1 billion fans, allowing fans to own LAND near their favorite brands, artists, and celebrities.