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SoftBank-Backed Sandbox Said to Seek Funds at $4 Billion Value

  • NFT gaming firm The Sandbox seeks to raise about $400 million
  • Company in talks with prospective investors for private round
relates to SoftBank-Backed Sandbox Said to Seek Funds at $4 Billion Value

Source: The Sandbox

The Sandbox, a platform that allows users to trade and monetize virtual assets in the Ethereum blockchain, is considering raising fresh funds at a valuation of more than $4 billion, according to people familiar with the matter.

The company is looking to raise about $400 million from both new and existing investors, the people said, who asked not to be identified as the information is confidential. Sandbox, which is majority-owned by blockchain gaming developer Animoca Brands Corp., is in talks with potential investors for the funding round, the people said.