Ethereum's decentralized metaverse, The Sandbox, has unveiled a new 100 million SAND fund to support game creators in the blockchain metaverse.
Called the “New 100M SAND Game Maker Fund,” this new fund from The Sandbox is focused on empowering creators within the platform, encouraging them to create new immersive, narrative-driven, and fun experiences for players in the metaverse, immersing users in unique adventures and stories.
Nicola Sebastiani, former PlayStation executive and content director of The Sandbox, highlighted that this new fund will incorporate a DAO and will be available starting next year. Through this fund, many new opportunities will be provided to creators in the metaverse, while also helping to expand the platform's user base.
This is an initiative designed to support creators and their creativity, in order to scale the ideas and projects they develop in The Sandbox, which has become one of the most visited metaverse platforms in the blockchain industry.
To the date, The Sandbox has more than 130 thousand creators and 24 thousand LAND owners.
The Sandbox Expands Game Maker Fund Resources
Game Maker Fund is an initiative that began in 2021 with the aim of incentivizing and financing game developers and creators to materialize their experiences in The Sandbox.
Sebastiani reported that, to date, through this fund, support has been provided to more than 200 innovative and original projects, which were funded with $10 million dollars, since its launch. Some of these projects were Chicago Noir, Astro Archaeologist, Rare Abyss Hunter, among others, which demonstrate the diversity and quality of the experiences that can be had in The Sandbox.
Now, The Sandbox has decided to expand this fund and launch “New 100M SAND Game Maker Fund” in 2024, to Support and empower more creators and bring new digital experiences and games to life in the metaverse.
At the time of writing, SAND is trading at around $0,39 on the market, so The Sandbox’s new creator fund has around $39 million to continue supporting creativity.
Source: CoinMarketCap
SAND, the native token of The Sandbox, has maintained sustained growth over the past 30 days, increasing by more than 30%. Its market capitalization is now over $813 million at the time of writing, an increase of more than 3% in the past few hours.
Part of the bullish momentum that SAND is currently experiencing is motivated by other developments in the metaverse.
The Sandbox virtual map will be available in 2024
In the framework of the celebration of Global Creators Day or World Creators Day, the first to be celebrated by The Sandbox, the project's developers revealed their ambitious plans for the future, which include Reach 2.000 user-generated experiences on your virtual map for next year.
This event took place on November 3rd, with the aim of supporting and empowering the creators who are part of the gaming platform based on the Ethereum blockchain.
Among the initiatives highlighted by The Sandbox during the event were the launch of a new version of Game Maker and the opening of The Sandbox to LAND holders, so they can instantly publish completed experiences on The Sandbox Map.
Sebastien Borget, one of the co-founders and COO of The Sandbox, said that all these initiatives and developments aim to celebrate creativity in all its forms and accelerate the construction of the Metaverse alongside the community.
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