Sandbox Launches Metaverse Accelerator Program, Offering $50M for 100 Startups

Virtual Metaverse gaming platform Sandbox has launched the Metaverse accelerator program, which will provide 100 startups with $50 million in start-up capital to promote the development of the Metaverse field.

Sandbox, a subsidiary of Animoca Brands, said the plan would invest in about 30 to 40 blockchain startups each year. It will launch in the second quarter of 2022.
Investments will be up to $250,000 per startup. And will give top-performing businesses up to $150,000 in grants from SAND and LAND, digital real estate in the virtual world of The Sandbox, as well as follow-on investments.
The Sandbox Metaverse Accelerator Program, a mid-2021 collaboration between leading global …

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