The Sandbox Will Launch $50Million Metaverse Startup Incubation Program
TokenInsight news, The Sandbox has announced the launch of The Sandbox Metaverse Accelerator Program, a $50 million accelerator program with Animoca Brands and Brinc. The program will invest up to $250,000 per year for the next three years in 30-40 metaverse startups. Specifically, the program will make an equity investment in each startup valued at between $150,000 to $250,000, plus up to $150,000 worth of the game’s $SAND token. It will also make grants of in-game land plots, or LAND, which are sold as NFT assets and can be customized and even monetized within the game world. The first list of grantees will be announced early in the second quarter.