Ann: Subsidiary The Sandbox receives $3.6m investment, page-3

“The Sandbox” (TSB Gaming) receives ~$3.6m in investment from major blockchain companies

●Animoca Brands receives approx A$3.6 million (US$2.5m) in cash and cryptocurrency via the issue, by its wholly owned subsidiary TSB Gaming Ltd., of SAFE convertible securities and SAND utility tokens to fund development of the upcoming blockchain version of The Sandbox

● The investment was led by Hashed, the largest crypto assets fund and accelerator in South Korea, with operations based in San Francisco and Seoul

● Partnership with Klaytn to distribute The Sandbox through its Klaytn ecosystem. Klaytn is the blockchain platform and subsidiary of leading Korean mobile technology company Kakao, the dominant messaging app in South Korea with over 50 million monthly active users and ~US$9.2bn market cap

● The Sandbox is currently a highly successful mobile game franchise (40m installs, 1.2m active monthly users); once the blockchain version is launched it will become one of the first decentralised, community driven game platforms, providing users with true ownership of their creations as non-fungible tokens (NFTs: virtual tokens for digital scarcity, security and authenticity representing game items)

● The Company expects The Sandbox’s decentralised marketplace to launch Q3 2019