<p>Blockchain-based gaming company The Sandbox is reportedly raising $400 million at a $4 billion valuation from both new and existing investors. </p> <p><a href="https://www.bloomberg.com/news/articles/2022-04-19/softbank-backed-sandbox-said-to-seek-funds-at-4-billion-value?utm_source=google&amp;utm_medium=bd&amp;cmpId=google">Bloomberg reported the round</a> on Tuesday, adding that considerations are ongoing and details such as the size and valuation could be subject to change based on market sentiment and investor demand.</p> <p>The Block contacted Sandbox for comment but had not heard back before press time. </p> <p>The news comes <a href="https://www.theblockcrypto.com/linked/122936/crypto-sandbox-93-million-softbank">less than six months</a> after the platform raised $93 million in a Series B round led by SoftBank's Vision Fund 2. <a href="https://www.crunchbase.com/organization/the-sandbox-f24f/investor_financials">According to Crunchbase</a>, other previous investors have included True Global Ventures, Square Enix, Galaxy Interactive and Angelhub. </p> <p>The Sandbox, released on iOS, Android and Windows, allows users to create their own universe inside the game using different elements. In 2018, Hong Kong-based NFT digital property firm Animoca Brands <a href="https://venturebeat.com/2018/08/26/animoca-brands-acquires-sandbox-game-developer-pixowl-for-4-875-million/">acquired</a> Pixowl, the original developer and publisher behind The Sandbox.</p> <p>At the time of its Series B fundraise in November, The Sandbox chief operating officer and co-founder Sebastien Borget said in an interview with Reuters that the latest round is poised to help the firm expand the metaverse economy beyond just gaming. </p>