Sandbox announces a $ 50 million fund for its By Cointelegraph startup accelerator program


The virtual world project The Sandbox has announced its metaverse accelerator program that will spur the development of an open metaverse by investing $ 50 million in startups. Animoca Brands is partnering with Brinc for accelerator ventures to target 30 to 40 blockchain startups per year for the program.

The Sandbox Metaverse Accelerator program will award up to $ 250,000 in investment for each potential project and provide additional incentives to the projects with the best performance. Bonuses include The Sandbox (SAND) and LAND, a digital property within the Sandbox metaverse. In addition, the most successful startups will also have access to additional investment grants and high-profile mentors.