The metaverse world has already made a lot of noise recently. Moreover, it does not look like it’s going to stop soon. The popular Metaverse, Sandbox, is constantly contributing to further development and improvement of this space. Regarding this, Sandbox just launched its Metaverse Accelerator Program. The Metaverse accelerator program will offer $50M to 100 startups. It is anticipated that this initiative will aid in further developing the Metaverse world.
The plan of this accelerator program includes investing in about 30-40 blockchain startups per year. Each potential startup may get up to a $250,000 investment. Moreover, there will be grants for the best-performing startups. The awards these firms may get include an amount of $150,000 from SAND, and LAND, followed by digital real estate in the virtual game Sandbox and other further investments.
Furthermore, the Sandbox Metaverse Accelerator Program is a collaboration between two leading worldwide accelerators, Brinc and Animoca Brands. Currently, the Sandbox Metaverse Accelerator is integrated under Launchpad Luna specialized track.
Their Long Term Vision for Sandbox
In light of the project’s long-term goals, it intends to assist entrepreneurs in developing one-of-a-kind experiences. In addition, it also aims to provide brand-new material to further advance the evolution of the Sandbox ecosystem.
Regarding the new project, the co-founder of Sandbox, Sebastien Borget, stated that the Sandbox Metaverse Accelerator is a significant step forward in their continuous growth. Borget also noted that the project’s main purpose lies in assisting the next generation of metaverse entrepreneurs and innovators.
Following more, he added that through this opportunity, startups from all around the globe may achieve their objectives. Henceforth, this will have a positive social effect by generating more possibilities for everyone with inspiration, ideas, and hard work. According to some reports, Animoca Brands has raised $358.88M on the 19th of January. This was achievable from investors who are led by Liberty City Ventures.