Creating a virtual gaming platform using non-fungible token (NFT) technology, The Sandbox has raised $93 million from a group of investors led by SoftBank.
Investors in Hong Kong-based The Sandbox included SoftBank Vision Fund 2, as well as Animoca Brands, Liberty City Ventures, LG Technology Ventures, Galaxy Interactive and a few other names.
In the statement made on Tuesday, this investment is a part of The Sandbox ecosystem. scaling growth strategy and operations specified to be used for
standard currency SAND The Sandbox, which establishes a metaverse in which to users gaming experiences over the Ethereum blockchain monetization provides the opportunity.
The Sandbox, whose largest shareholder is Animoca Brands, is today 12.000 individual land owners with 500,000 registered wallets owner. According to the information on its site, the Sandbox ecosystem has evolved over time. to 100 million users aimed to reach.
After the investment of The Sandbox how much valuation unknown, according to SAND’s CoinGecko data 2.4 billion dollars has market value.