Planet Sandbox Successfully Raises $1.5 Million in Private Round Funding

Planet Sandbox
2 min readSep 25, 2021

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Planet Sandbox proudly announced a successful oversubscribed $1.5 million raise led by incubators Icetea Labs and ExNetwork Capital with participation from NGC Ventures, Illuvium, Momentum6, Everse Capital, Basics Capital, Spores, x21 Digital, Newave Capital, OneMax Capital, Moonboots Capital, Dutch Crypto Investors, MoonWhale Ventures, Magnus Capital, Vendetta Capital, VBC Capital, Lua Ventures, DEC.Ventures, AU21 Capital, ZBS Capital, GoodGamesGuild, Kyros Ventures, EMO Capital, TK Ventures, and KTS Capital.

Planet Sandbox is the ultimate physics-powered sandbox shooting game that allows players to build and own arenas to fight other players in different game modes using their own NFT weapons and accessories. Powered by the $PSB and $PULV tokens, Planet Sandbox has created multiple play-to-earn opportunities within their Metaverse.

For example, Sandbox owners can customise their land with limitless building items and design game modes for others to join and play. The land will become a business where players can sell or earn passive income through the marketplace. Aside from the builder tool, there are Multiplayer game modes that allow players to choose their favorite sandbox and compete with others in intense fighting games (such as deathmatch and hunting prop) to earn prizes. The beta version of this game is expected to be released this November.

Thi Truong, Founder of Icetea Labs — one of our advisors, explains, “Planet Sandbox combines an incredible game premise with real in-game avenues to allow players to earn money. The nature of the game in itself will encourage friendly competition and leverage the game’s robust incentives design to create a fun play-to-earn experience.”

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Planet Sandbox