Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
The Sandbox Raises $20 Million at $1 Billion Valuation to Develop Decentralized Metaverse for Mobile Devices

The Sandbox Raises $20 Million at $1 Billion Valuation to Develop Decentralized Metaverse for Mobile Devices

CointimeCointime2024/06/06 14:25
By:Cointime

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Community Questions Pi Network’s Token Listing as Transparency Issues Arise

In Brief The Pi Network community is puzzled by the lack of exchange listings for Pi Coin. Transparency issues from the Pi Core Team are raising concerns among investors. Current market conditions signal a need for further clarification and regulation.

Cointurk2025/03/23 17:22
Community Questions Pi Network’s Token Listing as Transparency Issues Arise