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What will be The Sandbox's market valuation by the end of 2024?
4
Resolution / Starting Odds
Below $1 billion • 25%
$1 billion - $1.5 billion • 25%
$1.5 billion - $2 billion • 25%
Above $2 billion • 25%
Official announcements from The Sandbox or major financial news sources
Story
The Sandbox Raises $20 Million in Convertible Debt at $1 Billion Valuation, $SAND Spikes
Jun 6, 2024, 02:50 PM
The Sandbox, a user-generated content metaverse platform, has raised $20 million in convertible debt at a $1 billion market valuation. The funding round was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. The company aims to use the funds to enhance its user-generated multiplayer gaming platform and expand the creator economy within its open metaverse. The announcement has led to a spike in the value of the platform's native token, $SAND. The Sandbox also welcomed new strategic partners as part of this funding round.
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Above $10 billion • 33%
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