- Sandbox will invest $1.7 million in the INDEX GAME.
- The investment will go towards enhancing metaverse experiences.
- Sandbox has appointed INDEX GAME as its official metaverse company.
The popular metaverse gaming platform, Sandbox, recently announced an investment of $1.7 million in INDEX GAME. The investment will support the INDEX GAME’s exclusive development of the metaverse. INDEX GAME will also utilize the investment to sustain its development of NFTs, Gamefi, and Web 3.0.
The gaming platform confirmed the investment in its Twitter announcement on Monday.
🤝 Delighted to support @Indexgamehk with a US$1.7M investment from #TheSandbox, to continuously expand the possibilities in the #metaverse.
Read more below on this exciting appointment 👇https://t.co/4YvHsC99SB pic.twitter.com/fuGLRY0H1y
— The Sandbox (@TheSandboxGame) August 22, 2022
With this multi-million investment INDEX GAME has become the first Hong Kong company to have Sandbox as its shareholder. In its official medium article, Sandbox has indicated that this investment might go up to $6 million by 2023.
The Sandbox has also appointed INDEX GAME as its official metaverse company. The metaverse agency led by Becky Wong and Joe Lau will be developing exceptional experiences for Sandbox’s decentralized metaverse.
In the past year, the INDEX GAME has collaborated with 15 other companies to develop successful projects for Sandbox. Some of the well-known Hong Kong based companies are Adrian Cheng, Sun Hung Kai & Co, Ocean Oark, Hang Seng Bank, and Fine Art Asia.
The INDEX GAME has also published 4 significant experiences in the Sandbox. These include Kowloon Walled City: The City of Darkness on the 1970s in Hong Kong, South China Morning Post’s inaugural metaverse experience of Hong Kong Star Ferry Pier, and Hanjin Music Palooza: Ghe Monstruous Multicolor Guitar metaverse concert.