The Sandbox, a leading decentralized gaming metaverse has launched a $50 million Metaverse Accelerator Program, targetting 100 startups to enhance the open metaverse.
With applications now open and the first cohort scheduled to start in Q2 2022, the new program aims to accelerate 30 to 40 startups a year over a three-year period.
We’ve launched this accelerator to fuel the next wave of innovation, supporting a diverse array of entrepreneurs as they create jobs and build new tools, platforms and services for the metaverse.Sandbox co-founder Sebastien Borget
The program will invest in, mentor, educate, and support the development of promising startups and projects while also providing access to potential partnerships and business development opportunities across the growing networks of The Sandbox, Animoca Brands, and Brinc.
The new program is looking for startups that can enhance the open metaverse, who will be evaluated on their traction, technical expertise, and ability to deliver unique experiences. Startups accepted into the program will receive an initial investment of up to $250,000 each. The Sandbox will also provide further grants of up to $150,000 in SAND tokens to the best performers, as well as LAND grants. Startups that demonstrate meaningful traction post-program can also apply for follow-on investment from The Sandbox, Animoca Brands, and Brinc.