The Sandbox Has Launched a $50 Million Metaverse Accelerator Program

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The Sandbox Metaverse Accelerator Program will be added as a track to Animoca and Brinc’s existing Launchpad Luna alliance in 2021. The new program aims to accelerate 30-40 startups per year over a three-year period with initial investments of up to $250,000 (about Rs. 1.85 crore) each. The most successful startups will also receive additional grants of up to $150,000 (about Rs 1.10 crore) in SAND tokens as well as LAND grants through The Sandbox, the companies said.

The core directive of The Sandbox Metaverse Accelerator Program is to support the launch of new startups that can contribute to the growth and expansion of The Sandbox ecosystem by building unique experiences and populating the platform with fresh creativity and new content.

Pioneering blockchain startups in the fields of art, collectibles, culture, entertainment, gaming, media, content, and streaming, are encouraged to apply. Accelerated startups will be empowered to contribute to The Sandbox’s rapidly growing ecosystem and actively engage with its existing and growing user base.

The Sandbox metaverse aims to revolutionise how people interact in their day-to-day lives, including how users interact socially, shop, or consume entertainment.

Recent partnerships with The Sandbox include Snoop Dogg, who owns virtual land in the metaverse and will give users VIP access to concerts, events and dedicated digital items; Atari, the pioneer of arcade games that has seen recent success as a global gaming brand with RollerCoaster Tycoon, who will introduce IPs from its portfolio to the Sandbox metaverse; and Skybound Entertainment, who brought The Walking Dead game experience to the virtual world.

Meanwhile, Yat Siu, Executive Chairman and Co-Founder of Animoca Brands, commenting on the announcement, said, “The open metaverse will not be owned by any single entity and therefore presents an incredible opportunity to create a participatory and collaborative environment. non-zero-sum based on openness, fairness, user governance and digital property rights.”