Metaverse Gets $93 Million from Top Venture Capitalist

Softbank is the world’s #1 biggest venture capital firm.

And the firm just made a $93 million investment in a new metaverse startup.

It’s sparking a huge move for a little-known cryptocurrency. And early investors are scoring huge gains in just the last month.

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Animoca is a Hong Kong gaming developer that’s building a new metaverse called Sandbox.

It has over 500,000 unique wallets on the platform. And over 12,000 virtual landowners.

The $93 million cash infusion will help the company complete its new world. In July the company raised $139 million from Coinbase (NASDAQ: COIN) Ventures.

The gaming company is valued at over $1 billion.

Sandbox is also a coin that’s used for transactions in this new digital world. And the price is soaring following this deal.

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 The crypto has jumped as much as 832% since late October!

Even within the last month – the price more than doubled from around $3 to over $7.

The metaverse is expected to generate annual sales of $280 billion by 2025. That’s a 6X increase from last year – when sales totaled $46 billion.

Facebook (NASDAQ: FB) recently was renamed. And it’s now known simply as Meta. And on Dec. 1 the stock will begin trading with the ticker MVRS.

Other major companies are making plans to move their businesses into the metaverse as well.

This includes Shopify (NASDAQ: SHOP) launching an NFT marketplace. Disney (NYSE: DIS) will launch two initiatives to integrate physical, digital and virtual worlds. And Epic Games (private) recently raised $1 billion to fund its new metaverse.

New cryptocurrencies are powering this new digital world…

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