Thursday, July 25, 2024

The Sandbox has announced a $50 million fund for its startup accelerator.

All the potential startups should be happy to know The Sandbox (SAND) is ready to help by launching an accelerator program. This program will push further the progress of startups of the open Metaverse. The reports claim that The Sandbox will invest $50 million. As per the plan revealed by the virtual project, they will provide support of $250,000 to each project, and certain other incentives will be provided to top-performing projects.

Views of Co-founder of The Sandbox on accelerator program:

The co-founder of The Sandbox, Sebastien Borget, makes a statement that their program is seeking of expansion of their goal. The Metaverse accelerator program will be able to extend a helping hand to Metaverse entrepreneurs. He said their plan will allow plans and ideas to come to life. The team will be happy to help underrepresented entrepreneurs as multiple opportunities will get open for them. Applications for the accelerator program are open and the investment for the first batch will begin around the second quarter of 2022.

About Metaverse accelerator program:

The program is said to support business along with keeping in mind environmental needs for the future. Animoca Brands and Brinc will be collaborative partners with The Sandbox for this project. The best projects will be selected from the campaign and those entrepreneurs will receive additional incentives with high profile mentorship from the best mentors. The Metaverse accelerator program is going to target around 30 to 40 Metaverse startups in a year. Thus, creating a wonderful opportunity for Metaverse startups.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
RELATED ARTICLES

Most Popular