Smobler Studios gets $1.2 million from The Sandbox to create metaverse for a good cause
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
Web3 design agency Smobler Studios has successfully closed a $1.2 million seed round from blockchain gaming company The Sandbox and other participating investors, including Web3 launchpad Enjinstarter and venture capital fund Brinc.
Smobler Studios was founded during the pandemic by Loretta Chen and Ruel Sarmiento. Sarmiento, who was an avid gamer, discovered The Sandbox’s Game Maker Fund and saw an opportunity to capitalize.
The Game Maker Fund rewards users with funding opportunities for their creative projects within The Sandbox. Chen and Sarmiento then created Cobbleland, a space where communities, NGOs, and brands meet to give young entrepreneurs from minority backgrounds a chance to promote their Web3 gaming projects.
“By harnessing Web3 technology, we support meaningful brands and non-profits and use the metaverse as a platform for social good,”Chen said.
Since then, Smobler partnered with The Food Bank Singapore and Aventis Graduate School—Asia’s first school to launch a low-cost metaverse campus for the ASEAN region.
“There is an opportunity to democratize education for up to 100 million students who are keen on executive education but may not be able to afford it,”Sarmiento stated.
Smobler Studios will use the investment to upgrade operations, form joint ventures, and create game-maker academies. The company is also planning to expand into the US, Canada, Latin America, and Asia.
The Sandbox is known for its partnerships and collaborations with brands, artists, and entrepreneurs. In August, the platform welcomed famous chef Gordon Ramsay to bring Hell’s Kitchen to the virtual world. In the same month, crypto advocate Paris Hilton built a metaverse mansion on the platform.
Read related posts:
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.