The Sandbox Powers Metaverse Innovators with $50 Million Accelerator

The Sandbox, an Ethereum-based NFT and Metaverse project, in partnership with Animoca Brands and Brinc, has launched a $50 million accelerator program. The program aims to invest up to $250,000 in approximately 100 projects over three years, with top-performing ones receiving additional SAND and LAND token grants. The program seeks to support startups in various fields related to the Metaverse and NFT space.

The Sandbox Launches $50 Million Accelerator Program for Metaverse and NFT Projects

Zug, Switzerland - January 26, 2022 - The Sandbox, a leading Ethereum-based nonfungible token (NFT) and Metaverse project, has announced the launch of a $50 million accelerator program in collaboration with Animoca Brands and Brinc. The program aims to nurture and empower the next generation of Metaverse entrepreneurs and projects.

Investment and Support

The incentive will invest up to $250,000 in approximately 100 projects over the next three years. Top-performing projects will be eligible for additional investments of up to $150,000 in the form of SAND and LAND token grants. The program will provide comprehensive support, including:

• Investment capital
• Mentorship and guidance from industry experts
• Access to potential partnerships and business development opportunities

Focus on Blockchain Innovation

The Sandbox Metaverse Accelerator Program will primarily focus on blockchain startups in the following fields:

• Digital art and collectibles
• Culture and entertainment
• Gaming
• Media and content
• Streaming

Industry Endorsement

The program has received strong support from industry leaders, including Altitude Games, Binance, Dragonfly Capital, Republic Crypto, and True Global Ventures.

Sebastien Borget, Co-Founder of The Sandbox, expressed his enthusiasm for the program's potential: "This program is a major commitment to support the next generation of Metaverse entrepreneurs. With imagination, ideas, and hard work, startups from all over the world can realize their visions and drive societal impact by creating more opportunities for everyone."

Open and Collaborative Metaverse

Yat Siu, Co-Founder of Animoca Brands, emphasized the importance of an open and collaborative Metaverse: "The open Metaverse will not be owned by any single entity. It presents an incredible opportunity to create a participatory and collaborative nonzero-sum environment based on openness, equitability, user governance, and digital property rights."

The Sandbox Ecosystem

The Sandbox is a subsidiary of Animoca Brands and one of the leading decentralized virtual worlds in the industry. Launchpad Luna, the platform on which the accelerator program will operate, was launched in mid-2021 as a partnership between Brinc and Animoca Brands.

SAND Price Outlook

The news has had a limited impact on the price of SAND, The Sandbox's native token, which has declined by 3.4% on the day. SAND is currently trading at $3.11, down approximately 40% over the past two weeks, in line with the broader crypto market decline. The token remains 63% below its all-time high of $8.40 reached in November 2021. With a market capitalization of $2.8 billion, SAND is the third-largest Metaverse token after Axie Infinity (AXS) and Decentraland (MANA).

About The Sandbox

The Sandbox is a community-driven platform that empowers creators to build, own, and monetize their virtual worlds and gaming experiences using blockchain technology. The platform provides a decentralized and user-generated ecosystem where creators can create and sell unique NFTs, known as ASSETS, and develop games and interactive experiences on LAND.

About Animoca Brands

Animoca Brands is a global leader in the digital entertainment, blockchain, and gamification sectors. The company develops and publishes a broad portfolio of mobile games including The Sandbox, Crazy Kings, and Torquemada. Animoca Brands also invests in emerging blockchain technologies, including NFTs, decentralized finance (DeFi), and metaverse solutions.

About Brinc

Brinc is a global venture accelerator that provides funding, mentorship, and growth support to early-stage startups in the technology sector. The company has a presence in 10 cities worldwide and has supported over 200 startups since its inception in 2014.