Participated · Equity · May 2019

The Sandbox is a UGC metaverse platform operated by Bacasable Global Limited and backed by Animoca Brands that enables creators and brands to build, publish, and monetize virtual experiences. It opened to the public in alpha in November 2023 and currently has 1,000 user-generated experiences live and more than 5.7 million user accounts connected to crypto wallets. The platform reports 400+ brand partnerships, 250 Trusted Partners, over 25,000 virtual land owners, and 330,000+ unique creators who have downloaded its no-code Game Maker. Its marketplace activity includes 11,000 unique digital assets that have been minted and sold over half a million times, and more than 60,000 avatar NFTs sold across branded collections. Product plans include updates to Game Maker and VoxEdit, new social interactions and avatar abilities, a multiplayer rules system launching in Beta later this year with a public release in 2025, and a mobile decentralized metaverse expected in 2025. The company says it will use funding to continue advancing its vision of a decentralized virtual world and to expand earning opportunities for creators. The Sandbox is a decentralized, open NFT metaverse where players and creators can build immersive 3D worlds, games, and social experiences and safely store, trade, and monetize their creations. The platform emphasizes a player-owned economy and user-generated content, with governance and value creation driven by its community. The Sandbox has partnered with major IPs and brands and its existing IP has more than 40 million global mobile installs. The company says the recent capital will be used to scale growth, expand operations, and accelerate player acquisition across the ecosystem. Strategic partnerships are expected to broaden The Sandbox’s global reach and attract more brands, IPs, and gaming studios. The Sandbox is a subsidiary of Animoca Brands and positions itself as a leading entertainment destination in Web3 metaverse experiences. The Sandbox is being redeveloped by Animoca Brands’ Pixowl division as a blockchain-enabled UGC gaming platform that provides true digital ownership via tokenized game items and NFTs. Creators build static or animated voxel objects with VoxEdit and can sell or transfer assets through a decentralized marketplace. The platform uses the SAND token for community voting, staking, crowdfunding and decentralized governance, enabling creators and players to capture value. Animoca aims for NFT interoperability across games so items retain scarcity, authenticity and value beyond utility. The company plans a curated Marketplace launch in Q3 2019 and a broader game launch expected in Q4 2019. The earlier version logged more than 40 million downloads and over one million monthly active users, metrics Animoca intends to grow with blockchain features and strategic partnerships.