White Sands Raises $8M For Its Island Metaverse
White Sands, an Austin, TX-based provider of an island metaverse ecosystem, raised $8M in funding.
The company raised the funds through two mints, the most recent on April 11. After a 1,500 ETH sellout of initial NFT land plots on March 15, buyers purchased the entire available inventory of 250 villas in the virtual community in the subsequent mint.
The team has already made multiple significant investments to build out its virtual world.
Led by Adam Hollander and Blockchain Brown, White Sands is a new metaverse ecosystem built on NFT Worlds and the Ethereum blockchain as a luxury island paradise. Owners of property in the White Sands metaverse will gain access to exclusive, high-end homes that can be personalized with furniture, vehicles, pets and NFTs. Owners and visitors will enjoy not only a host of unique experiences within White Sands, but also the chance to connect to innovations across hundreds of other NFT Worlds.
To further facilitate development, the team has expanded its own cross-functional team. In addition, the White Sands has invested $1.25 million to purchase 36 NFT Worlds, ensuring virtually unlimited capacity to build out and evolve its metaverse.
The metaverse is expected to launch in a matter of weeks, with an exact date to be announced.