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Sandbox gears up to raise $400 million at a $4 billion valuation: report

Sandbox gears up to lift $400 million at a $4 billion valuation: report.  The Sandbox gears up to lift $400 million at a $4 billion valuatio...



Sandbox gears up to lift $400 million at a $4 billion valuation: report. The Sandbox gears up to lift $400 million at a $4 billion valuation: report 

Blockchain-based gaming company The Sandbox is reportedly raising $400 million at a $4 billion valuation from both new and existing investors. 

Bloomberg reported the round on Tuesday, adding that considerations are ongoing and details like the dimensions and valuation may be subject to alter supported market sentiment and investor demand.

The Block contacted Sandbox for comment but had not heard back before press time. 

The news comes but six months after the platform raised $93 million in a very Series B round led by SoftBank's Vision Fund 2. consistent with Crunchbase, other previous investors have included True Global Ventures, Square Enix, Galaxy Interactive and Angelhub. 

The Sandbox, released on iOS, Android and Windows, allows users to form their own universe inside the sport using different elements. In 2018, Hong Kong-based NFT digital property firm Animoca Brands acquired Pixowl, the initial developer and publisher behind The Sandbox. 

At the time of its Series B fundraise in November, The Sandbox chief operating officer and co-founder Sebastien Borget said in an interview with Reuters that the newest round is poised to assist the firm expand the metaverse economy beyond just gaming.

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