Metaverse Startup The Sandbox Looks to Raise $400M at $4B Valuation: Report

2 years ago

Jamie Crawley is simply a CoinDesk quality newsman based successful London.

Metaverse steadfast The Sandbox is looking to rise $400 cardinal astatine a valuation of much than $4 billion, according to a Bloomberg study connected Tuesday.

  • The level is successful talks with caller and existing investors, the study said, citing radical acquainted with the matter.

  • The Sandbox is simply a level built connected the Ethereum blockchain which allows users to buy, sell, commercialized and ain assets successful a virtual world. Assets are bought and sold successful the signifier of non-fungible tokens (NFTs) and tin correspond plots of land, cars, creation and different property.

  • The platform's autochthonal token SAND is priced astatine $2.82 astatine the clip of penning and boasts a marketplace capitalization of astir $3.27 billion, according to information by CoinMarketCap.

  • The level did not instantly respond to CoinDesk's petition for comment.

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Jamie Crawley is simply a CoinDesk quality newsman based successful London.

Jamie Crawley is simply a CoinDesk quality newsman based successful London.


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