The upcoming game's creators intend to invest in and mentor up to 100 startups working to build the open metaverse.
As interest in the upcoming metaverse grows, Ethereum-based crypto game The Sandbox has emerged as one of the early contenders.
The Sandbox has also launched an accelerator program to invest in and mentor startups in order to encourage the development of metaverse projects both within and outside of the game world.
Also, The Sandbox has committed $50 million to invest in up to 100 startups working towards an open, interoperable metaverse, alongside parent company Animoca Brands, a leading metaverse and NFT gaming investor, and global venture accelerator Brinc.
Over a three-year period, the initiative intends to work with 30 to 40 startups per year.
The Sandbox Metaverse Accelerator Program will be added as a track to Animoca and Brinc's existing Launchpad Luna alliance in 2021.
Brinc's $130 million investment round in December was also led by Animoca, as the accelerator sought to expand into Web3.
Although The Sandbox is leading the charge, startups do not have to be based in the game world.
The goal here isn't just to bring in creators to create the game's own metaverse experience, and it's not even limited to Ethereum.
Instead, it's aimed at the broader crypto ecosystem—at developers who want to create interoperable platforms and pieces that can coexist in an open metaverse.
The three-month online program will include mentorship as well as investment, assisting projects in determining market readiness and connecting with partners, investors, and influencers.