The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using non-fungible tokens (NFTs), has raised US$93 million from investors led by SoftBank’s Vision Fund 2, the company told Reuters on Monday (Nov 1).The latest fund raising came a little over a year after its last round, as the company saw fast growth in monthly active users and crossed US$144 million in transaction volume on the platform.
It also marks Vision Fund 2’s first investment in a company that issues its own cryptocurrency.The Sandbox, majority-owned by blockchain gaming developer Animoca Brands, allows players to build, own, and monetize their virtual gaming experiences on the Ethereum blockchain.