June 06, 2024
The Sandbox raised $20 million with a valuation cap of $1 billion. The funding round was spearheaded by Kingsway Capital and Animoca Brands, with LG Tech Ventures and True Global Ventures also participating. Noteholders have the option to convert into equity of Bacasable Global Limited under the same terms as existing preference shares.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
The Sandbox | $20M | June 06, 2024 | Seed | $97M | Kingsway Capital | Gaming |
The recent funding will drive The Sandbox’s ongoing efforts to advance its vision of a decentralized virtual world that seamlessly blends culture and gaming. In this dynamic ecosystem, community members actively participate and benefit from its growth.
To achieve this vision, The Sandbox will enhance earning opportunities for creators on its platform. Key initiatives include updating the Game Maker and VoxEdit 3D editor tools, introducing novel social interactions and avatar abilities, and expanding gameplay options through a new multiplayer rules system. Anticipated to launch in Beta later this year and to the public in 2025, The Sandbox is also developing a mobile version of its decentralized metaverse.
About The Sandbox
The Sandbox, a subsidiary of Animoca Brands, offers an immersive metaverse platform where users engage in gameplay, create content, and monetize unique experiences. Within The Sandbox, users interact with their favorite brands, intellectual properties (IPs), and celebrities across various cultural domains such as gaming, entertainment, music, and art. Leveraging Web3 technologies, The Sandbox empowers end-users to create and participate in creator economies. By granting true ownership of assets, creations, and rewards through non-fungible tokens (NFTs), The Sandbox disrupts traditional platforms. Notably, over 400 partners—including Warner Music Group, Gucci, Ubisoft, Paris Hilton, The Walking Dead, Snoop Dogg, Lacoste, Steve Aoki, and The Smurfs—have joined The Sandbox.
Website: https://www.sandbox.game/en/
X Followers today: 1,125,877
X Followers 30 days ago: 1,114,693
X Change: 11,184 (+1.0%)
About Investor
Investor: Kingsway Capital
Kingsway Capital is a financial firm based in London, UK. They operate as Kingsway Capital Partners Limited and are authorized and regulated by the Financial Conduct Authority. Kingsway Capital has raised a venture fund called Kingsway Frontier Consumer Internet (FCI) Fund LP and has made several investments.
Location: London, UK
Website: https://www.kingswaycap.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comentários