Game giant Square Enix sees potential! Ethereum virtual world game The Sandbox secures $2 million investment.

The blockchain game The Sandbox (TSB) has announced another positive development after two successful virtual land sales, with the news of a $2 million investment from the Japanese gaming giant Square Enix (SE), venture capital firm True Global Ventures, and cryptocurrency investment firm B Cryptos. The third round of virtual land sales will commence on March 31st.

• Square Enix (SE) believes that blockchain games are about to shine
• The Sandbox's first two land sales reached 1,300 Ether each

According to an announcement from Animoca Brands, the parent company of The Sandbox, the third quarter of 2019 was a very successful season for TSB. Between July 9 and September 19, TSB raised $2 million, with 83% in fiat and 17% in digital assets, and gathered 1,300 Ether by selling over 10,000 virtual lands.

Pixowl and TSB Gaming's COO Sebastien Borget commented on the significant progress of the project:

Sandbox is a pioneer in blockchain games, NFTs, and virtual ownership. We are excited to have Square Enix as our strategic investor, supporting our ambition to build the Metaverse, enabling users to create games and trade assets on the platform in a decentralized manner.

Among the aforementioned investors, the most notable is undoubtedly the Japanese game giant Square Enix. In fact, Square Enix has long recognized the potential of blockchain in gaming. In a public letter dated January 1, the company's CEO Yosuke Matsuda stated that blockchain technology will be a key factor in Square Enix's future growth:

Games utilizing blockchain technology are no longer in their infancy and will gradually show their importance. We believe that the key to growth lies in whether blockchain games can bring users a completely new gaming experience, rather than viewing blockchain games as investment opportunities.

Square Enix (SE) holds a prominent position in the gaming industry and has developed a series of well-known games including "Final Fantasy XV" and "Tomb Raider".

The trading of digital assets based on blockchain seems to be heating up. It was also mentioned earlier that the trading volume in the NFT market reached $1 million in a single week in February, including investments in virtual assets and virtual real estate, land, etc., mainly in Decentraland.

Currently, The Sandbox seems to be gaining momentum. According to the NFT market monitoring platform Nonfungible, TSB's trading volume in the past week reached $440,000, which is several times that of Decentraland.