Cosmo Media Labs Liftoffs With Financial Backing From The Sandbox
Becoming the first independent production studio to receive capital support from The Sandbox, which will serve as an IP vault for brands entering the metaverse.
Cosmo Media Labs has officially launched after being the first independent production studio to receive capital support from The Sandbox.
Bridging traditional media with Web3, the Cosmo team utilizes blockchain technologies like NFTs, P2E gaming, and the metaverse to create unique and engaging experiences for brands entering the digital landscape.
Businesses of all sizes and industries are experimenting with Web3 and blockchain technologies as restaurants continue to join Web3 and luxury fashion intersects with it. Currently, the market cap of Web3 companies inside the metaverse stands at $14.8 trillion USD.
As brands look to serve their customers in the most modern way, Cosmo Media Labs will serve as the IP home for upcoming brand experiences.
Founded by the MGM veteran and producer, Alexander Bushnell and AI-entertainment tech entrepreneur, Tobias Queisser, the two seek to generate premium content for companies and platforms looking to onboard new users through the Web3 lens.
“We’re excited to team up with The Sandbox and work with top creators, brands, and IP holders to unlock their full potential in the new era of digital entertainment and Web3,” said Alexander Bushnell, CEO and Co-founder of Cosmo Media Labs.
Animoca Brands‘ The Sandbox, one of today’s leading virtual decentralized environments, views the metaverse as a new ecosystem for sharing value creation between brands, creatives, and their communities.
“We’re excited to support the Cosmo Media Labs team through this investment as it is a production studio that can bridge between media and help shape the culture of the metaverse to bring the innovation of Web3 through new forms of experiences that provide an accessible and meaningful format of entertainment,” shared Sebastien Borget, COO and Co-founder of The Sandbox.
Additionally, Cosmo Media Labs and The Sandbox recently announced a newly formed partnership with Complex Networks. Together they will build Complex’s metaverse within The Sandbox through the development of games, social spaces, and novel experiences for the brand.
“Blockchain-based technology provides exciting opportunities for the new creator economy,” said Tobias Queisser, Co-founder of Cosmo Media Labs. “Cosmo Media Labs is uniquely fitted to partner with The Sandbox to build a new media content approach that is holistic for brands and partners who are activating and engaging in the metaverse.”
Toward the end of last week, The Sandbox also shared its new alliance with FaZe Clan, one of the most popular esports organizations in the world. The Global Offensive esports team is entering the metaverse with its new Sandbox plot titled, FaZe World. Together, the FaZe community will host digital activations and events inside FaZe World along with upcoming NFT and product drops.
In other metaverse news, Steve Aoki: Web3’s keymaker wants you to stop neing a “guest in somebody else’s house”.