Aditya Hadi Pratama · · 1 min readThe Sandbox launches $50m metaverse accelerator with Brinc
The Sandbox, a blockchain game published by Hong Kong-based unicorn Animoca Brands, has partnered with accelerator and VC firm Brinc to launch The Sandbox Metaverse Accelerator Program. The project has committed US$50 million to potential participants.
Image credit: The Sandbox
The program will provide investments, mentorship, education, and potential partnerships for accepted metaverse startups. It was set up within Launchpad Luna, a blockchain accelerator that was created by Brinc and Animoca Brands in October last year.
Every participant in the metaverse accelerator will get up to US$250,000 in investment, with top performers potentially receiving grants in SAND tokens and LAND – assets used in The Sandbox’s metaverse platform. The top performers may also receive follow-on investments from The Sandbox, Animoca Brands, and Brinc.
The startups will be evaluated based on their traction, technical expertise, and ability to deliver unique experiences.
The accelerator plans to receive up to 40 startups a year over a three-year period.
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Editing by Miguel Cordon and Lorenzo Kyle Subido
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