The Sandbox Gears Up To Raise $400 Million At A $4 Billion Valuation

The Sandbox, a blockchain-based game firm, is purportedly gathering $400 million from new and existing investors at a valuation of $4 billion.

According to Bloomberg, the round is still being considered, and parameters such as the size and valuation could vary depending on market mood and investor interest.

The announcement comes less than six months after SoftBank’s Vision Fund 2 led a $93 million Series B financing for the platform. Other past investors include True Global Ventures, Square Enix, Galaxy Interactive, and Angelhub, according to Crunchbase.

The Sandbox allows players to create their own universe within the game by combining various features

Animoca Brands, a Hong Kong-based NFT digital property firm, purchased Pixowl, the original developer and publisher of The Sandbox, in 2018.

The Sandbox’s chief operating officer and co-founder Sebastien Borget said in an interview with Reuters at the time of its Series B funding in November that the latest round will help the company grow the metaverse economy beyond games.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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