While metaverse wannabees trademark titles and make hasty declarations to the future of virtual worlds, The Sandbox has powered ahead with its own polished brand. This week, announcing a $93 Million investment drive led by Softbank.
In a timely manner, The Sandbox has raised the incredible sum through a new round of Series B funding. Occurring a little over a year since the first investment drive, this latest cycle sees SoftBank Vision Fund 2 leading the charge, with additional support provided by Animoca Brands, True Global Ventures, Galaxy Interactive, Polygon Studios, Samsung Next and more.
We’re thrilled to announce @TheSandboxGame Series B of $93M led by Softbank Vision Fund 2, the very first they do in crypto assetshttps://t.co/KrC1n4qAYH…
Join our community to be part of this fantastic journey. A thread below 👇 pic.twitter.com/X1a4XKAnfD
— The Sandbox (@TheSandboxGame) November 2, 2021
The announcement comes as interest in virtual universes surges to an all time high, while the native Sandbox token, $SAND has risen a staggering 300% in under a week. Therefore, all eyes are on the established network of virtual worlds, as they reaffirm their status as industry leaders.
Building a Meta Future
This added supply of fresh funds will enable The Sandbox to expand its ecosystem and as such, enhance the gaming experience, as well as build its social interaction platform to further expand its entertainment facilities, live performances, architecture and fashion branding enterprises. So, in an undisguised dig at certain media deities, Sandbox Chief Operating Operator, Sebastien Borget, stated:
“We are creating this open metaverse. We are positioning the Sandbox against those giant tech companies who are claiming the metaverse to be theirs, offering an alternative where users are first.”
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