Smobler Studios gets $1.2 million from The Sandbox to create metaverse for a good cause
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.
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Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
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Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
