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Planet Sandbox Raises $1.5 Million For Play-To-Earn Sandbox Shooting Game

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Planet Sandbox, an interactive play-to-learn physics-powered sandbox shooting game, has 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, x21 Digital, Magnus Capital, MoonWhale Ventures, and others.

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 customize 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. The land system provides creators with various possibilities to build on diverse sceneries and landscapes such as Grass, Desert, Mountains, Toxic Wastelands, Arctic, etc. Eventually, the game will include other planetary environments like the Moon and Mars.

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, 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.”

Planet Sandbox will be conducting an IDO on October 2 on Redkite and GameFi, two popular launchpads. During the IDO, 2,000,000 PSB tokens will be sold at a price of $0.0125, for a total $250,000 public sale raise. More details about the upcoming IDO can be found on the company’s official Telegram channel along with Twitter (NYSE: TWTR), Medium, and Discord.

Image Sourced from Launchteam

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