Animoca Brands (ASX: AB1), with its subsidiary Pixowl, a leading creator of world-building experiences, announced today that its forthcoming decentralized blockchain gaming platform, The Sandbox, has successfully completed an investment round and token sale of US$2.5 million. This investment round is led by Hashed, the largest crypto assets fund and accelerator in South Korea with operations based in San Francisco and Seoul, and additional investors include Helix, Mind Fund, True Global Ventures, Blocore, ThunderCore and Alexis Bonte.
The investment will accelerate growth of Animoca Brands' user-generated content (UGC) gaming platform that will empower creators through digital ownership and monetization of 3D voxel creations made and shared by users around the world. Through the investment from Hashed and other investors, and the partnership with Kakao's Klaytn blockchain platform that will grant access to Korea's leading messaging app, The Sandbox is increasingly reaching Korea's advanced marked for gaming and technology. The integration on Klaytn, the public blockchain platform supported by 50 million users of Kakao, the mobile lifestyle messenger service owning 97% of South Korea's market share, is also expected to boost the audience for The Sandbox.