SandStorm Heads to Polygon, Ethereum After $2.5M Seed Raise

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SandStorm goals to attach manufacturers with Metaverse builders. 

SandStorm Proclaims $2.5M Increase

SandStorm is making ready to launch on Ethereum and Polygon. 

The Metaverse venture will showcase its new platform and NFT market later this month at SXSW, the annual tech-focused convention held in Austin, Texas. 

The brand new platform goals to attach main manufacturers which are but to determine a presence within the Metaverse with prime Web3 engineers whereas educating new members in regards to the potential of blockchain-based digital worlds. 

SandStorm says that integrating with Polygon will assist customers save on fuel charges and let engineers mint NFTs in file codecs at a low price. In contrast to many different NFT tasks, SandStorm will primarily deal with one-of-one items, the venture’s CEO Steve McGarry mentioned in a press launch. 

Forward of the launch, SandStorm has raised $2.5 million in a seed funding spherical. Individuals within the increase included The Sandbox co-founder and Chief Operations Officer Sebastien Borget, Fenbushi Capital, Sanctor Capital, The Sandbox, and Rarestone Capital, whereas the venture has fashioned ties with a number of key Metaverse gamers together with The Sandbox, CyberKongz, and vEmpire. 

Discussing the increase, Borget mentioned that The Sandbox was “thrilled to speculate into the SandStorm platform,” commenting that it fulfills the Metaverse’s want for a platform to attach builders from throughout the trade. 

McGarry added that the platform had seen “overwhelming demand” with 50 manufacturers and over 500 builders awaiting the launch. SandStorm already runs a month-to-month builder program in collaboration with The Sandbox, with winners taking from a $50,000 SAND prize pool every month. 

SandStorm’s launch comes as mainstream curiosity within the Metaverse continues to soar. Since Fb introduced its plans to rebrand to Meta in October 2021, the likes of Adidas, Nike, Warner Music, and JPMorgan have rushed into the house by scooping up uncommon NFTs, forging partnerships, and buying digital plots of land. Crypto-native Metaverse video games like The Sandbox have fared notably nicely: probably the most sought-after plots of digital actual property within the sport now commerce for thousands and thousands of {dollars} value of Ethereum. 

Disclosure: On the time of writing, the authors of this piece owned ETH, MATIC, and several other different cryptocurrencies. Among the equity-holders in Sanctor Capital additionally maintain fairness in Crypto Briefing. 

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