The Sandbox Raises $20 Million at $1 Billion Valuation to Develop Decentralized Metaverse for Mobile Devices
Metaverse platform The Sandbox has raised $20 million in a funding round led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. The company's valuation has dropped from $4 billion to $1 billion since 2022. The funds will be used to develop a decentralized metaverse for mobile devices and update its Game Maker and 3D editor tools. The Sandbox's native token SAND rose by 4.5% after the funding round was announced, and the company has 5.7 million user accounts connected to crypto wallets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mpeppe (MPEPE)’s New Game Has Skyrocketed Their Popularity As Solana Holders Join The Presale
Big Competition Ahead For FLOKI and Dogecoin As Gambling Coin Mpeppe (MPEPE) Releases a New Game
Dogecoin Holder Flock To AI Gambling Token Mpeppe (MPEPE) As They Launch Their New Game
FLOKI Whale Doubles Their Mpeppe (MPEPE) Holding Amid The Launch Of Their New GAME LIVE NOW
Trending news
MoreCrypto prices
More
