Series B sandbox round raised $ 93 million for Metaverse growth

The Sandbox Series B funding round raised $ 93 million that included Animoca Brands, Galaxy Interactive, True Global Ventures, SCB 10x, Samsung Next and others as the Metaverse continues to be the attraction it is in today’s altcoin News.

SoftBank Vision Fund 2 led a new round of funding, marking the fund’s first investment in crypto assets. In the Series B Sandbox Round, crypto investors invested money and raised new capital in a new funding round led by SoftBank Vision Fund 2. Sandbox is the fund’s first investment in crypto and aims to accelerate the growth of the open supermarket with direct performance. Social Experience Promote games while supporting creators, brands and intellectual property.

The game allows players to monetize the time spent in the Metaverse in a variety of ways known as the game-for-money model, and creates a circular economy in which the resources collected by player category are sourced from a different category of players or creators be sold and bought as indicated by the announcement. As an NFT-based open metaverse, Sandbox is best known for partnering with over 165 brands including Snoop Dogg, Smurfs, The Walking Dead, CryptoKitties, and Care Bears to create a voxelized version of the world and characters on the platform. Binance, Socios, The Winklevoss Twins, CoinMarketCap, and Bored Ape Yacht Club are all buying digital land in the sandbox metaverse.

Sandbox CEO and Co-Founder Arthur Madrid shared plans to expand into fashion, virtual concerts and architecture, art galleries and museums, saying:

“We are building an entire ecosystem that opens up new digital job opportunities for gamers and developers in our open NFT metaverse.”

Aaron Wong, an investor at SoftBank Investment Advisers, explains that sandbox uses blockchain and decentralized governance to give users more control and power:

“We believe The Sandbox is building an open metaverse that opens up new economic opportunities by allowing people to build and monetize their creations, from avatars and buildings to games and collectibles.”

A month ago, we saw sandbox parent company Animoca Brands, backed by game giants like Ubisoft Entertainment, raise up to $ 65 million in a new round of funding and then double its value to $ 2.2 billion.