- The Sandbox, launched Sandbox Metaverse Accelerator Program a project to invest and advise new companies.
- The Accelerator Program will invest between 30 and 40 startups a year with a fund of up to $250 thousand dollars in each company.
- Supported companies do not need to develop their metaverses within the world of The Sandbox.
The metaverse is a digital space in which users are expected to be able to interact as they do in real life, with shops, concerts and other daily activities, but completely virtual.
In this sense, there are some video games that have already delved into the subject, as is the case with The Sandboxa title that allows its players to build, own and monetize their virtual experiences.
this platform with the aim of encouraging the development of metaverse projects, both inside and outside of their video game, recently launched an accelerator program to invest in and advise new companies.
To make it, The Sandbox has pledged to invest $50 million in up to 100 startups working to build an open, multi-service metaverse..
This project has the objective of working punctually and deeply with companies to develop their metaverses. In fact, The Sandbox pointed out that it plans to work with between 30 and 40 new consortiums per year, for a period of three years.
It must be said that, the Sandbox Metaverse Accelerator Program will be added as a track in the current Launchpad Luna alliance, which was created in 2021 by Brinc and Animoca.
As a curious fact, Animoca was the company that led Brinc’s $130 million investment round last December, this because the accelerator had contemplated a change to the so-called Web3, a new iteration of the World Wide Web based on blockchains, which integrates concepts such as decentralization and the token-based economy.
Yes OK The Sandbox leads with the responsibility that the projects come to fruition, it is important to point out that supported companies have a certain degree of freedom, as they do not need to develop their metaverses within the world of The Sandbox.
The company noted that the goal is not just to attract a group of creators who are focused on developing their own metaverse experience, in fact, projects don’t have to be focused on Ethereum either.
The Sandbox noted that the initiative is focused on something much larger, is aimed at the crypto ecosystem, so you want to recruit developers who are interested in creating interoperable platforms and pieces that are capable of working together in an open metaverse.
As for the online program it will last for three months. There will be tutoring in addition to the indicated investment, with the objective that each project can know the preparation of the market, while beginning an arduous work of knowledge and connection with investors, partners and influential people.
It should be noted that, with the vision of bringing all projects to fruition, the program has added a good number of people from all the crypto and gaming industries, including Borget himself, as well as other members of The Sandbox team, the president Animoca Brands executive Yat Siu, Kabam co-founder Holly Liu, Yield Guild Games co-founder Gabby Dizon, and Lympo co-founder and CEO Ada Jonuse.
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