The Sandbox
Categories

SoftBank invests $93M in The Sandbox’s ‘metaverse’ game

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

The Sandbox has raised $93 million in a funding round led by SoftBank to help grow its virtual world based on nonfungible tokens.

It’s another sign of how hot NFTs have become in an age where Bitcoin’s price is soaring and NFT games are viewed as a stepping stone to the metaverse, another buzzword that signifies the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.