Silicon Valley Interested in Virtual Lands in the NFT Metaverse — DailyCoin

Whenever the opportunity presents itself in technology, Silicon Valley seeks to lead the charge in investments. Multiple Silicon Valley companies became strategic investors in The Sandbox’s virtual lands in its NFT universe earlier this month.
Sandbox, a subsidiary of Animoca Brands, is the top decentralized metaverse platform.
Multiple companies, including Nifty Gateway, 21x, Gemini, as well as renowned venture capital companies like Galaxy Interactive, investors Bill Lee, PayPal’s co-founder Ken Howery, Uken Games CEO Chris Ye, heavy metal band Avenged Sevenfold and others poured their capital into virtual lands.
The Sandbox’s recent sale of Land NFTs indicates strong support for the possession of virtual real estate. Land NFT’s, the company announced, will be a ticket to developing games on the platform for users. The move suggests the Metaverse is here to stay; it may also push virtual gaming to the next level.
The Sandbox Game has set itself apart from its peers in terms of tokens and benefits for users and developers, social interaction, entertainment among other features.
Sebastien Borget, co-founder of The Sandbox, stated after the sale, “As a vibrant, growing NFT-based gaming metaverse, The Sandbox is attracting strong and diverse new partners each day, from gaming studios to IP brands, artists, celebrities, visionary entrepreneurs, technology companies, etc.”
The company launched the beta version of The Sandbox’s NFT marketplace which has received tremendous support from Silicon Valley investors. Other NFT metaverses have also received financial support from Silicon Valley investors.

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