• SandStorm is headed to Polygon and Ethereum following a $2.5 million seed round

  • SandStorm’s goal is to link brands with Metaverse creators.

    SandStorm Announces a $2.5 Million Fundraiser

    SandStorm is getting ready to go live on Ethereum and Polygon.

    The Metaverse project will unveil its new platform and NFT marketplace later this month at SXSW, Austin, Texas’ annual tech-focused festival.

    The new platform intends to connect top Web3 engineers with prominent corporations that have yet to establish a presence in the Metaverse, while also teaching new participants about the potential of blockchain-based virtual worlds.

    According to SandStorm, connecting with Polygon will save customers money on gas and allow engineers to create NFTs in file formats at a reasonable cost. SandStorm, unlike many other NFT initiatives, will primarily focus on one-of-one items, according to the project’s CEO Steve McGarry in a press statement.

    SandStorm has raised $2.5 million in early finance ahead of its launch. Participants in the funding round included The Sandbox co-founder and Chief Operations Officer Sebastien Borget, as well as Fenbushi Capital, Sanctor Capital, The Sandbox, and Rarestone Capital, and the project has formed relationships with several key Metaverse players, including The Sandbox, CyberKongz, and vEmpire.

    Borget stated that The Sandbox was “thrilled to invest into the SandStorm platform,” noting that it meets the Metaverse’s requirement for a platform to connect builders from across the sector.

    McGarry went on to say that the platform has had “overwhelming demand,” with 50 companies and over 500 builders eagerly awaiting its launch. SandStorm already runs a monthly building program in partnership with The Sandbox, with monthly winners drawing from a $50,000 SAND prize pool.

    SandStorm’s release coincides with a surge in mainstream interest in the Metaverse. Since Facebook announced its ambitions to rename to Meta in October 2021, companies including as Adidas, Nike, Warner Music, and JPMorgan have rushed into the market, collecting rare NFTs, creating alliances, and acquiring digital plots of land. The Sandbox, a cryptocurrency-native Metaverse game, has done particularly well: the most sought-after tracts of virtual real estate in the game currently trade for millions of dollars in Ethereum.

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