The metaverse continues to be the next allure signal of crypto for investors, with The Sandbox, an Animoca Brands subsidiary and nonfungible token (NFT) metaverse platform, raising fresh capital letter in a funding round led by SoftBank Vision Fund 2.

Marker SoftBank Vision Fund 2'southward showtime investment into the crypto assets, The Sandbox's Series B circular saw $93 million raised with the participation of Animoca Brands, True Global Ventures, Galaxy Interactive, SCB 10X, Polygon Studios and Samsung Next, among others.

According to the announcement, The Sandbox aims to speed up the growth of its open up metaverse with games, alive performances and social experiences while "supporting more creators and involving more brands and intellectual properties."

The game enables players to monetize their time spent in the metaverse in dissimilar ways, besides known equally the play-to-earn model. It creates a circular economy where the resource collected by i category of players are sold and purchased by another category of actor or creator, the proclamation reads.

As an NFT-based open metaverse, The Sandbox is known for its partnerships with over 165 brands — including Snoop Dogg, The Walking Dead, The Smurfs, Care Bears, Atari and CryptoKitties — "to create voxelized versions of their worlds and characters on the platform." Binance, Bored Ape Yacht Guild, Socios, the Winklevoss twins and CoinMarketCap bought digital land in the metaverse of The Sandbox.

The Sandbox CEO and co-founder Arthur Madrid shared the squad'due south plans to expand into fashion, architecture, virtual concerts and shows, fine art galleries, and museums. "Nosotros are developing an entire ecosystem that opens new digital job opportunities for players and creators in our open NFT metaverse," he added.

Related: Animoca Brands doubles valuation to $two.2B with new $65M funding circular

Aaron Wong, an investor at SoftBank Investment Advisers, explained that The Sandbox is leveraging blockchain and decentralized governance to give power and command to its users:

"We believe The Sandbox is amalgam an open metaverse, unlocking new economic opportunities by empowering people to build and monetize their creations, from avatars and buildings to games and collectibles."

Last month, The Sandbox parent company Animoca Brands, backed by gaming giants like Ubisoft Entertainment, also raised $65 million in new funding round, doubling its valuation to $two.2 billion.