“The Sandbox” (TSB Gaming) received ~US$2m investment in 2019 from Square Enix, True Global Ventures, B Cryptos

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• In Q3 2019, Animoca Brands received US$2.01m in cash and cryptocurrency via the issue of SAFE convertible securities and presale of SAND utility tokens by its subsidiary TSB Gaming Ltd. 

• Investors included Square Enix, B Cryptos, and True Global Ventures 

• This announcement is being made available now as the Company could not issue it in 2019 owing to concerns raised by the ASX 

• TSB Gaming had previously raised US$2.5m via SAND and SAFE notes (see announcement of 23 May 2019 for details), for a combined US$4.51m from both raises

• The Sandbox is a virtual world where players can build, own, and monetize their own voxel gaming experiences on the Ethereum blockchain. It is one of the first decentralised, community-driven game platforms, providing users with true ownership of their creations as non-fungible tokens (NFTs)

• The Company expects The Sandbox’s decentralized virtual world  to launch in the second half of 2020

• More recently, The Sandbox conducted two successful LAND presales, raising over 1,300 ETH by selling more than 10,000 LANDs; the third LAND presale begins on 31 March 2020

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20 March 2020: Animoca Brands Corporation Limited (“Animoca Brands,” or the “Company”) is pleased to update the market with an investment update that the Company was unable to issue via the Australian Securities Exchange (“ASX”) owing to concerns raised by ASX. Animoca Brands now advises that its wholly owned subsidiary TSB Gaming Ltd. (“TSB Gaming”) executed agreements between July and September 2019 to raise US$2.01 million, consisting of 83% in cash and 17% in Bitcoin and Tether cryptocurrency at the time of the transaction, through the issue of “SAND” utility tokens and simple agreement for future equity (SAFE) convertible securities. SAND will be utilised in the upcoming blockchain version of The Sandbox user generated content game platform (the “Game”). 

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The investment was made by Square Enix Co., Ltd. (“Square Enix”), B Cryptos Inc. (“B Cryptos”), Mindfulness Venture Fund I, L.P. (“Mindfulness Capital”), and True Global Ventures 4 Plus Fund GP (“TGV”), among others (the “Investors”). 

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Square Enix Co., Ltd. develops, publishes, distributes and licenses SQUARE ENIX®, EIDOS® and TAITO® branded entertainment content around the world. The Square Enix group of companies includes a global network of leading development studios and boasts a valuable portfolio of intellectual property, including: FINAL FANTASY®, which has sold over 149 million units worldwide; and DRAGON QUEST®, which has sold over 80 million units worldwide; TOMB RAIDER®, which has sold over 75 million units worldwide; and the legendary SPACE INVADERS®. Square Enix Co., Ltd. is a Japan-based, wholly owned subsidiary of Square Enix Holdings Co., Ltd.  

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TGV is a global distributed ledger technology equity fund licensed under the Monetary Authorities of Singapore as a venture capital fund that invests in serial entrepreneurs across four verticals in over 30 cities. Founded by a group of serial entrepreneurs turned investors, TGV has a footprint of over 80 investment partners including seasoned GPs of VCs, top corporate executives, and family offices that help accelerate TGV’s portfolio companies globally.
 
B Cryptos is Japan’s first FSA-licensed (Licensed Financial Institutions) investment fund that focuses on blockchain startups and encrypted digital assets. B Cryptos is partnered with B Dash Ventures, one of Japan’s top-performing venture capital firms; Liquid Group, a FSA-licensed Japanese cryptocurrency exchange with global service coverage; and ICON, a global interchain project aiming to create an environment for real-world use of blockchain technology.