Share this article
The Sandbox Looks to Boost Metaverse Startups With $50M Incubator Program
The Animoca Brands subsidiary has committed to invest $250,000 in up to 40 metaverse projects each year over the next three years.
By Eli Tan
Updated May 11, 2023, 7:14 p.m. Published Jan 27, 2022, 12:00 a.m.
Metaverse darling The Sandbox is launching a $50 million incubator program in partnership with venture accelerator Brinc.
The company announced Wednesday the program will invest up to $250,000 in 30–40 metaverse startups each year over a three-year period. Top performers of the program will also be awarded up to $150,000 in SAND and LAND token grants.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The program’s first cohort will be announced sometime in early Q2. The program runs three months in duration, with applications currently open. It comes at a time when usable metaverse experiences are still in their nascency.
“The Sandbox's metaverse accelerator is a major expansion of our ongoing commitment to support the next generation of metaverse entrepreneurs,” Sebastien Borget, co-founder of The Sandbox, said in a press release. “With imagination, ideas and hard work, startups from all over the world can realize their visions and drive societal impact by creating more opportunities for everyone.”
Read more: Consultants Are Entering the Metaverse – Literally
The Sandbox is a subsidiary of Animoca Brands, one of the metaverse industry’s most active investors.
Animoca Brands raised a $360 million funding round earlier in January, valuing the firm at $5.5 billion, more than double its $2.2 billion valuation from last October.
The firm also led a $130 million Series B for Brinc in December to boost the company’s expansion into Web 3 gaming.
The Sandbox’s SAND token was up nearly 6% over the past 24 hours, to $3.50 as of press time, with an upward climb starting at about 4:00 UTC.
UPDATE (Jan. 27, 14:23 UTC): Adds SAND price action.
More For You
알아야 할 것:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
알아야 할 것:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
