SoftBank Leads $93 Million USD Investment in The Sandbox's Metaverse
From its $30 billion USD Vision Fund 2.
The Sandbox has just successfully raised $93 million USD in funding for its virtual Metaverse.
The round of funding was led by SoftBank, as well as Animoca Brands, True Global Ventures, Liberty City Ventures, Galaxy Interactive, Kingsway Capital, Blue Pool Capital, LG Technology Ventures, Alpaca VC, Graticule Asset Management Asia, Com2uS, Sun Hung Kai & Co, Polygon Studios, Samsung Next, StakeFish, SterlingVC, and HodlCo, to name a few.
Softbank’s funds came from its $30 billion USD Vision Fund 2 fund where the money raised will go towards the development in the NFT sphere, and things like virtual concerts, art initiatives, the acquisition of talent, and ventures outside of tech like fashion.
Following this week's metaverse hype, @TheSandboxGame has raised another round of cash as it readies for launch. Its token SAND has since hit new all-time highs. https://t.co/jADHMqSZGE pic.twitter.com/0xjbp7bgH2
— Decrypt (@decryptmedia) November 2, 2021
In other tech news, Ethereum and Solana reach all-time highs.
