Popular game platform Sandbox received an investment of 93 million dollars.
Hong Kong-based gaming platform The Sandbox raised $93 million in a round led by SoftBank’s Vision Fund 2. Sandbox is a platform that allows users to create their own universe in the game, adding NFTs to monetize their in-game creations on Ethereum.
In 2018, Hong Kong-based NFT company Animoca Brands acquired Pixowl, the original company behind The Sandbox. Animoca Brands announced on Tuesday that the platform will celebrate its “500th anniversary” this year. He pointed out that it has experienced significant growth with more than 000 registered wallets and 12.000 unique virtual land owners.
Sebastien Borget, COO and co-founder of The Sandbox, said:
“We are creating this open metadata repository. We position Sandbox against giant tech companies claiming to own the metadata warehouse and offer an alternative where users are first. ”
Has a Big Rise
SAND, the native token of The Sandbox, experienced a huge rise after the news. SAND, which gained about 40% in value, rose to $ 3.33. SAND has also gained momentum with Facebook’s metaverse investment in the past few days.
SAND is trading at $2.73 at the time of publication.
