The Sandbox Secures $20M in Funding, Valued at $1 Billion

The Ethereum-based metaverse game aims to enhance creator tools, introduce new features, and develop a mobile version by 2025.

The funding round was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures.
Key priorities include improving creator tools, adding social and gameplay features, and developing a mobile version.
The Sandbox has partnerships with over 400 celebrities and brands, including Snoop Dogg and Gucci.
The platform has over 5.7 million user accounts connected to crypto wallets and more than 1,000 user-generated experiences.
The SAND token saw a 4.5% increase in value following the funding announcement.