News Explorer — Metaverse Gaming Platform The Sandbox Raises $20 Million at $1 Billion Valuation

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Jun 6, 1:54 pm

Coindesk

Metaverse Gaming Platform The Sandbox Raises $20 Million at $1 Billion Valuation

The Sandbox, a metaverse platform, has raised $20 million in funding at a $1 billion valuation. The funding round was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. The capital will be used to enhance the user-generated multiplayer gaming platform and develop a decentralized metaverse for mobile devices, expected to launch in 2025.

The Sandbox, a metaverse platform, has raised $20 million in funding at a $1 billion valuation. The funding round was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. The capital will be used to enhance the user-generated multiplayer gaming platform and develop a decentralized metaverse for mobile devices, expected to launch in 2025.

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