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THE SANDBOX LAUNCHES $50M METAVERSE ACCELERATOR

 


The Sandbox wants to take the gaming industry to a new level through the metaverse and decentralized applications. Now a USD 50 million investment vehicle for startups has been set up. Companies from the crypto sector should be selected in a targeted manner.


The Sandbox startet Metaverse Accelerator

The Sandbox made a name for itself several years ago with various mini-games. By focusing on the decentralized blockchain area, a large market could be reached early on. This makes The Sandbox a pioneer in the field of the Metaverse. Now a completely new structure and a much broader market is to be tapped through an investment vehicle.


Through Animoca Brands, The Sandbox 's parent company , and Brinc, The Sandbox is providing $50 million to invest in up to 100 startups. The special thing about it: The focus should be entirely on the metaverse. That means only companies working on the Metaverse are eligible as investments. However, these do not necessarily have to be active in the gaming world.


Start and finishes of the Metaverse Accelerator


The project is scheduled to start in the third quarter of 2022. 30-40 partnerships are planned every year, until around 100 have been reached after 3 years and the investment budget has been exhausted. Once an exceptionally positive partnership emerges, this startup will be backed with an additional $150,000 in SAND or LAND tokens.


What is The Sandbox?

The Sandbox is a virtual world managed in a decentralized way by the users. Items can be purchased there and stored in different places in the world. By merging multiple blockchain platforms, a certain dynamic is implied in the sandbox metaverse.



Due to the structure on Ethereum, users can go directly from the gaming platform to the decentralized world of the Metaverse and exchange ideas. In fact, this dream that Facebook – or now Meta – has been dreaming of for a long time has already become a reality in a simple way in the decentralized world of blockchain platforms.


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