The firm has also created four big maps in The Sandbox, namely South China Morning Post (SCMP)'s virtual Hong Kong Star Ferry Pier, 'Kowloon Walled City: the City of Darkness', 'Hanjin Music Palooza: The Monstrous Multicolor Guitar', and Hang Seng Bank's 'GO!GingerOnion 5**College'. Adrian Cheng, Sun Hung Kai & CO, Ocean Park, Hang Seng Bank, and Fine Art Asia are some of its clients, to name a few. The agency has teamed up with more than 15 prominent Hong Kong brands and IPs to build virtual experiences in The Sandbox.

Make no mistake, Index Game is not your ordinary Web3 game studio.

The startup has more than 30 staff working hard to bring multiple brands and IPs into the digital metaverse. Led by Becky Wong and Joe Lau, Index Game only took one year to grow from a small-sized indie studio to a full-fledged metaverse agency under the incubation of The Sandbox. With that, it will also provide Index Game with an exclusive arrangement for IPs created during the collaboration. By 2023, the investment amount will go up to $6 million. The recent move also makes it the first company in Hong Kong to receive funding from the metaverse giant.īased on the agreement, though, The Sandbox will invest more into Index Game over time. To those who don't know, Index Game is the first Hong Kong-based metaverse agency appointed by The Sandbox to build on its platform. On Monday, Hong Kong-based metaverse startup Index Game secured $1.7 million in funding from The Sandbox to build bigger, better metaverse experiences with play-to-earn content in virtual realms. “There’s been a different phase of users who are entering Sandbox,” he added, “so maybe less hype in general, but the quality of users we’re seeing is definitely higher.The Sandbox is investing up to $1.7 million in metaverse agency Index Game While metaverse excitement has waned, Borget said he hopes that The Sandbox’s newest alpha season will help bring more attention and users to the platform during a downtime for crypto. Borget said it has 22,000 unique land owners, 60% of whom participated in its alpha season two in March. The increased attention led to a metaverse land grab, of which The Sandbox has been a major benefactor. The platform rode the wave of metaverse hype last year that was partly spurred by Facebook’s rebrand to Meta in October.

The bear market has pushed The Sandbox’s native token, SAND, down 82% since the start of the year and more than 87% from its peak at the end of November, according to CoinMarketCap. But the recent crypto downturn has taken a toll on the company as well as others in the crypto and metaverse space. The Sandbox, a subsidiary of Hong Kong-based Web3 investing behemoth Animoca Brands, is one of the most popular metaverse platforms despite still being in development. In an effort to increase interoperability throughout the larger crypto and NFT community, the company is also letting participants use any NFT they own from 13 collections as their avatar in the game, including the most popular collection, the Bored Ape Yacht Club. Some experiences include an Aoki-themed parkour maze, a puzzle game centered around the NFT collection World of Women, and a demo of an apocalyptic survival game called You’re a Big Boy Now. The new season marks the most experiences available to date in the virtual world and includes games and content from 22 celebrities and brands such as The Walking DeadDJ Steve Aoki, Warner Music, and Snoop Dogg. From March to early April, about 340,000 players took part in 35 experiences during The Sandbox’s second alpha season, Borget said.

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