The Sandbox announces $ 50M fund for its startup accelerator program By Cointelegraph
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Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $ 50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain startups a year for the program.
The Sandbox Metaverse Accelerator Program will allocate up to $ 250,000 in investment to each potential project and will provide additional incentives to top-performing projects. The bonuses include The Sandbox (SAND) digital asset and LAND, digital real estate within The Sandbox’s metaverse. Apart from this, the best-performing startups will also have access to additional investment grants and high-profile mentors.
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