SoftBank-Backed Sandbox Said to Seek Funds at $4 Billion Value
- NFT gaming firm The Sandbox seeks to raise about $400 million
- Company in talks with prospective investors for private round
Source: The Sandbox
This article is for subscribers only.
The Sandbox, a platform that allows users to trade and monetize virtual assets in the Ethereum blockchain, is considering raising fresh funds at a valuation of more than $4 billion, according to people familiar with the matter.
The company is looking to raise about $400 million from both new and existing investors, the people said, who asked not to be identified as the information is confidential. Sandbox, which is majority-owned by blockchain gaming developer Animoca Brands Corp., is in talks with potential investors for the funding round, the people said.