Sandstorm has gained $2.5M
SandStorm will launch its new platform and NFT marketplace at SXSW, the annual tech conference held in Austin, Texas, later this month.
The new platform intends to link top Web3 developers with prominent corporations that have yet to establish a presence in the Metaverse, as well as educate newcomers about the possibilities of blockchain-based virtual worlds.
According to SandStorm, integrating with Polygon will save users money on gas and allow engineers to create NFTs in file formats at a reasonable cost. SandStorm, unlike many other NFT initiatives, will largely focus on one-of-a-kind sculptures, according to the project’s CEO Steve McGarry.
SandStorm has collected $2.5 million in a seed funding round ahead of its launch. Sebastien Borget, co-founder of The Sandbox and Chief Operations Officer, as well as Fenbushi Capital, Sanctor Capital, The Sandbox, and Rarestone Capital, participated in the round, and the project has formed partnerships with several key Metaverse players, including The Sandbox, CyberKongz, and vEmpire.
“We’re on a path towards becoming a key pillar to a $1 trillion metaverse industry over the next five years. By bringing top brands into the space and connecting them with the best-verified metaverse NFT builders we’re at a critical crossroads for adoption. To become the most trusted platform for brands to connect with builders to see what’s possible, we went through a full smart contract audit by our partner (and best audit firm in web3) Certik before launching the private beta,” they wrote in their announcement.
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