Animoca’s play-to-earn game Sandbox raised $93 million in a Series B round of funding led by SoftBank’s Vision Two Fund to expand its non-fungible token (NFT) platform. Leading blockchain games fund Galaxy Interactive, Thai bank subsidiary SCB 10X, LG Technology Ventures, and Samsung Next and others also participated in the investment.
Animoca initially founded The Sandbox as a Minecraft-like game where players build their own virtual world. There is also the opportunity to interact with other players and participate in battles and challenges to earn in-game tokens. Sandbox has generated a total of $144 million in gross merchandise value (GMV) and this year alone has registered over 500,000 digital wallets.
The game has tremendous opportunities for growth. Besides the number of registered players who may not all be active users but have the potential to be, Sandbox has also partnered with over 165 brands. These include mainstream names such as Snoop Dog, The Walking Dead and The Smurfs to launch branded in-game assets for characters and accessories.
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