Metaverse platform The Sandbox raised $20 million, valuing it at $1 billion (down from 4 billion in 2022).

#Sandbox seeks to enhance the gaming platform and develop a decentralized metaverse for mobile devices, expected to launch in 2025. The Sandbox will also update the Game Maker engine and 3D editing engine of me. $SAND

Kingsway Capital and Animoca Brands led the funding round, with investment participation from LG Tech Ventures and True Global Ventures.