{"id":60341,"date":"2022-04-19T15:08:37","date_gmt":"2022-04-19T12:08:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60341"},"modified":"2025-09-05T02:48:22","modified_gmt":"2025-09-04T23:48:22","slug":"bloomberg-the-sandbox-plans-to-raise-400-million-at-a-4-billion-valuation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-the-sandbox-plans-to-raise-400-million-at-a-4-billion-valuation\/","title":{"rendered":"Bloomberg: The Sandbox plans to raise $400 million at a $4 billion valuation"},"content":{"rendered":"<p>The Sandbox metaverse project is readying a $400 million funding round, with a valuation for the platform potentially topping $4 billion, <a href=\\\"https:\/\/www.bnnbloomberg.ca\/softbank-backed-sandbox-said-to-seek-funds-at-4-billion-value-1.1753753\\\">Bloomberg<\/a> reports, citing its own sources.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>The parent company Animoca Brands is in talks with potential investors. The size of the round and the valuation could change during the process, depending on market sentiment.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>In November 2021, the project <a href=\"https:\/\/u1f987.com\/en\/news\/nft-project-the-sandbox-raises-93-million-to-build-a-metaverse\">raised $93 million<\/a>. The Series B funding round was led by SoftBank&#8217;s Vision Fund 2. For the fund, the deal marked its first investment in the crypto industry and was aimed at accelerating the development of the The Sandbox metaverse.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>The team announced <a href=\"https:\/\/u1f987.com\/en\/news\/the-sandbox-to-launch-alpha-version-of-its-metaverse\">the launch of an alpha version<\/a> of the virtual world by month-end.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>In 2022, parcels in the The Sandbox metaverse were acquired by <a href=\"https:\/\/u1f987.com\/en\/news\/gucci-buys-a-parcel-of-land-in-the-sandbox-metaverse\">the Italian fashion house Gucci<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/hsbc-buys-virtual-land-in-the-sandbox-metaverse\">the largest British bank HSBC<\/a>. Warner Music Group <a href=\"https:\/\/u1f987.com\/en\/news\/warner-music-group-signs-partnership-with-the-sandbox-nft-project\">entered into a partnership<\/a> with the project to organise a themed music park.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>In April, Ledger <a href=\"https:\/\/u1f987.com\/en\/news\/ledger-to-launch-educational-initiative-in-the-sandbox-metaverse\">launched an educational initiative<\/a> for users of The Sandbox.<\/p>\n<p>\\n\\n\\n\\n\\n\\n\\n<\/p>\n<p>Analysts at the world&#8217;s largest international bank, Citibank, forecast the metaverse economy to grow to $13 trillion by 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sandbox metaverse project is preparing to close a $400 million funding round, with a valuation for the platform potentially topping $4 billion, Bloomberg reports, citing its own sources.<\/p>\n","protected":false},"author":1,"featured_media":60342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,2060],"class_list":["post-60341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-the-sandbox"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60341"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60341\/revisions"}],"predecessor-version":[{"id":60343,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60341\/revisions\/60343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60342"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}