Softbank Leads $93 Million Investment In Nft Gaming Firm The Sandbox

Nov 02, 2021•over 3 years ago

Amount Raised

$93 Million

Francisco

Description

San Francisco: The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using non-fungible tokens (NFTs), has raised $93 million from investors led by SoftBank's Vision Fund 2, the company told Reuters on Monday.

Company Information

Company

Sandbox

Location

Francisco, Michoacán de Ocampo, MEX

About

The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using non-fungible tokens (NFTs), has raised $93 million from investors led by SoftBank's Vision Fund 2, the company told Reuters on Monday. The latest fund raising came a little over a year after its last round, as the company saw fast growth in monthly active users and crossed $144 million in transaction volume on the platform. The company declined to disclose its valuation, but the cryptocurrency it backs, the Sandbox coin, has a market cap of nearly $2 billion. The company said it currently owns about 22% of the tokens.

Funding Insights

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