All Updates

All Updates

icon
Filter
Funding
The Sandbox raises USD 20 million in convertible debt funding at USD 1 billion valuation
Web3 Ecosystem
Jun 6, 2024
This week:
Funding
Brightpick raises USD 12 million in funding to accelerate US deployment
Logistics Tech
Today
Partnerships
ArcelorMittal partners with HP to develop steel additive manufacturing solutions
Additive Manufacturing
Today
Product updates
Synspective commences full-scale SAR satellite manufacturing at Yamato Technology Center
Next-gen Satellites
Today
Product updates
IDEAYA Biosciences presents new development candidate IDE034
Precision Medicine
Yesterday
Management news
23andMe lays off 40% of workforce; discontinues therapeutics development division
Precision Medicine
Yesterday
Partnerships
EHang partners with Enpower to enhance electric motor systems for eVTOL aircraft
Passenger eVTOL Aircraft
Yesterday
Funding
Nerai Bio raises ~USD 171,000 in venture funding to develop gene editing candidates
Human Gene Editing
Yesterday
Funding
Aridditive raises EUR 500,000 in pre-seed funding
Additive Manufacturing
Yesterday
Industry news
Japan launches world's first wooden satellite
Next-gen Satellites
Yesterday
Partnerships
Maxar Intelligence expands partnership with HERE Technologies to scale automated mapmaking
Next-gen Satellites
Yesterday
Web3 Ecosystem

Web3 Ecosystem

Jun 6, 2024

The Sandbox raises USD 20 million in convertible debt funding at USD 1 billion valuation

Funding

  • The Sandbox, a decentralized gaming virtual world and business unit of Animoca Brands, has secured USD 20 million in a convertible debt funding round at a USD 1 billion valuation. The round was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures.

  • The proceeds from the funding round will be used to advance The Sandbox's ambition of building a decentralized virtual world, which combines culture and gaming with active community participation.

  • The Sandbox, which launched its alpha version to the public in November 2023, recently celebrated a milestone of 1,000 user-generated experiences published on its virtual map. It also boasts over 5.7 million user accounts connected to crypto wallets. Additionally, The Sandbox is developing a mobile version of its decentralized metaverse, which is expected to launch in 2025.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.