Metaverse Startup The Sandbox Closes $93M Series B Led by SoftBank

Metaverse Startup The Sandbox Closes M Series B Led by SoftBank
Metaverse startup The Sandbox closed a $93 million Series B funding round led by SoftBank, said a press release.The Sandbox is an Ethereum-based platform where players can “play, create, own, and govern a virtual world,” according to its site. Players can own in-game assets in the form of non-fungible tokens (NFTs), such as plots of land that they can build on.The Sandbox token, SAND, has a $2.46 billion market cap, according to data from intelligence platform CoinMarketCap.The startup’s majority stakeholder is Hong Kong-based gaming firm Animoca Brands, an early metaverse and GameFi backer which was valued at $2.2 billion after…