The metaverse platform The Sandbox has launched a driving program to guide and invest in new firms (startups).
A total of $ 50 million has been allocated to make this program a success in collaboration with two entities:
Manufacturer of The Sandbox, Animoca Brand
Global business pioneer, Brinc
It is understood the investment involves up to 100 startups with plans focusing on 30 to 40 startups a year over a three -year period.
This means that each startup receives an allocation of $ 150,000 - $ 250,000, including investments in SAND units worth $ 150,000.
The three -month online program will be implemented with guidance and observation of market availability, including establishing relationships with partners, investors, and influencers.
For information, the program targets the development objective of a crypto ecosystem in which startups will assist the development of a metaverse characterized by interoperability and openness.
Maybe this project brings benefits to The Sandbox, but in fact it also offers opportunities to other metaverse projects.
For example DeFi and e-sports are seen as ideal for integrating with virtual world platforms other than The Sandbox. The closest example, Decentraland.
Not only that, the program also opens up opportunities to any platform and device to further encourage support for games or metaverse. I
The program clearly supports the entire metaverse ecosystem and The Sandbox is its originator.
At the time of writing, its native token - SAND recorded a decline of over 6% in 24 hours, trading at $ 3. This asset bore the impact of the Bitcoin (BTC) price collapse this morning.
