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Square Enix leads a $ 2 million investment round for the game “The Sandbox” on Ethereum


Square Enix leads a $ 2 million investment round for the game “The Sandbox” on Ethereum

After recently announcing a third presale of their coveted game’s virtual spaces, The Sandbox (TSB) revealed that they have a number of major sponsors.

According to a March 20 press release from Animoca Brands, the parent company of TSB Gaming, the third quarter of 2019 was particularly successful for the game.

Between July 9 and September 19, TSG raised $ 2.01 million, or 83% cash and 17% digital assets, namely SAND tokens and a simple agreement for future participation tickets. Investors included Square Enix, B Cryptos, Mindfulness Capital and True Global Ventures.

Sébastien Borget, COO of Pixowl and TSB Gaming, gave his opinion on the recent investment:

“The Sandbox is a pioneer in the field of blockchain games, NFTs and true digital property, and we are delighted to have Square Enix with us as a strategic investor, supporting our ambitious vision of building the Metaverse where creators can create games on their LAND and commercial assets on our market in a completely decentralized way. “

Borget told Cointelegraph that the involvement of a major game developer like Square Enix is ​​great news for the platform.

Indeed, Square Enix itself has recognized the potential of blockchain in games. In a new year letter, company president Yosuke Matsuda said technology will be a key growth driver for Square Enix in the future:

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“During this time, games using blockchain are no longer in their infancy and gradually come to represent a larger presence. Rather than treating blockchain gaming as a speculative investment opportunity, we believe that determining whether it is capable of bringing something new to our clients’ gaming experiences will be key to growth. “

Square Enix has developed major successes in the gaming industry such as the latest addition to the Tomb Raider series and the long-awaited remake of Final Fantasy VII, which is scheduled for release in April.

Tokens can be used for BST gameplay

TSB is a virtual world built on the Ethereum blockchain to allow players to create, own and monetize their own voxel gaming experiences.

As its namesake suggests, SAND tokens can be used in the game. Players and creators can buy them, earn them through gameplay, and trade them with Ether (ETH).

Successful presales of virtual game spaces

The mobile creation game recorded more than 40 million downloads and generated more than 1,300 ETH during the first and second presales of the virtual spaces of the game, called LAND. The third presale, starting March 31, is expected to do the same well before the game launches in the second half of 2020.

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