The Sandbox raises $93M to expand its NFT metaverse
The metaverse continues to be the next attraction point of crypto for investors, with The Sandbox, an Animoca Brands subsidiary and nonfungible token (NFT) metaverse platform, raising fresh capital in a funding round led by SoftBank Vision Fund 2.
Marking SoftBank Vision Fund 2’s first investment into the crypto assets, The Sandbox’s Series B round saw $93 million raised with the participation of Animoca Brands, True Global Ventures, Galaxy Interactive, SCB 10X, Polygon Studios and Samsung Next, among others.
According to the announcement, The Sandbox aims to speed up the growth of its open metaverse with games, live performances and social experiences while “supporting more creators and involving more brands and intellectual properties.”
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