Sebastien Borget Net Worth, Crypto and NFT Investments
Sébastien Borget is a successful tech entrepreneur. He masterminded the creation of a popular metaverse platform, The Sandbox, and presently serves as its Chief Operating Officer (COO). Apart from his activities with this project, Borget is also popular as the crusader of blockchain integration in gaming. His efforts towards ensuring mass awareness of this tech have earned him fame in the industry.
Since 2020, he has been serving as the president of the Blockchain Gaming Alliance (BGA). The BGA is a coalition of blockchain and game companies. The group advocates for blockchain technology in the gaming industry. As the president of this group, the French entrepreneur is at the center stage of the campaign for the full adoption of blockchain by game developers.
Before venturing into the blockchain landscape, Sebastien Borget, according to his description, spent nine years in the mobile gaming landscape. There, he contributed to the establishment of various startups and developed several immersive games.
Meanwhile, the net worth of Sebastien Borget is estimated to be around $100 million in 2023. The entrepreneur acquired a significant portion of this wealth from the success of The Sandbox. It is worth mentioning that Borget also possesses a substantial portion of Animoca Brands’s shares after the blockchain firm acquired The Sandbox in 2018.
Sebastien Borget’s Net Worth
YearNet Worth2023$100 million
Sebastien Borget was born around 1989 in Paris, France. He attended one of the top French engineering schools of higher education; Télécom SudParis (Evry), earning a degree in Computer System Networking and Telecommunications from the institution. Later, he left Paris for Hong Kong to further his academics.
While in Hong Kong, Borget enrolled at the Chinese University of Hong Kong. Ultimately, he earned a Master’s degree in Computer System Networking and Telecommunications from the institution in 2006. However, prior to his graduation, he served as an intern with Motorola between 2004 and 2005. Upon the completion of his academic pursuit, he resolved to venture into tech entrepreneurship and therefore contributed to the development of various projects.
In January 2007, Borget became the project leader of 1-Click Media Networks. While working with the company, the French computer expert designed all kinds of on-demand video content management systems and peer-to-peer content delivery solutions. His stint with the firm ended in October 2008.
A few months after ending his relationship with 1-Click, he became the first Chief Operations Officer (COO) of Wixi.com. The firm is an entertainment platform that connects gamer lovers across the globe. Eventually, he returned to Paris to join Ipercast. The firm focuses on secured content management. It offers services for web and mobile gadgets. His outstanding contributions prompted the management of the firm to appoint him as the manager. However, Borget was already setting his sights on establishing his own project.
Around 2011, he left Ipercast to co-found Pixowl. Then, he founded the company alongside his agelong business partner, Arthur Madrid. He became the COO of the project, overseeing the activities of its international team of 25 employees. The role also enables him to lead the development and marketing of Pixowl’s game titles including The Sandbox, Doodle Grub, Peanuts: Snoopy’s Town Tale, Garfield: Survival of the Fattest, and Goosebumps Horror Town. The outstanding success of The Sandbox between 2012 to 2013 projected Borget into the limelight.
Borget has been passionate about video games since his tender age. While serving with numerous tech firms, he nurtured the dream of developing his own video game. However, he couldn’t implement this ambition due to financial constraints. Eventually, in 2011, Borget acquired his first smartphone, which opened his eyes to the possibilities of fulfilling his agelong ambition through collaborations. Therefore, he met Arthur Madrid and the duo kickstarted their project, Pixowl.
In 2012, Pixowl released the Android and iOS versions of The Sandbox. Then, as a mobile game, Sandbox was structured to support game creators in developing their 2D pixelated characters and games. The Sandbox’s recognition in the App Store Best Games around 2012 and 2013 gave Pixiowl a boost in the gaming market.
Within a few years, The Sandbox became a big hit, dominating every area of the gaming world. In one of his recent interviews, Borget explained that the project experienced slow but steady progress. According to him, it took The Sandbox about eight years to record 40 million downloads and 70 million user-generated worlds. This success surged the revenue of the firm and the net worth of Sebastien Borget.
In 2017, Borget and Madrid learned about blockchain technology. In a disclosure, the French entrepreneur said he discovered the full potential of the tech while playing Crypto Kitties alongside his business partner. According to him, his exposure to the game made him realize that in-game digital assets can be sold and transferred to people outside the game.
The exposure led to the transition of Sandbox to a metaverse platform. As part of the efforts to align with such trends, Borget oversaw the migration of the project from 2D to 3D, single-player to multiplayer, and mobile to both PC and Mac. This transformation attracted the attention of Hong Kong-based blockchain company, Animoca Brands under the leadership of Yat Siu. Therefore, the firm acquired Pixowl and Sandbox in August 2018. Borget and Madrid received $4.8 million worth of cash and Animoca Brands shares for the deal. Also, the French entrepreneur still retains his role as the COO of the firm.
Meanwhile, with the funds, Borget masterminded the incorporation of various features that aided players in building and monetizing their content. This focus led to the introduction of a native token; SAND for the platform. In 2019, Animoca Brands raised $2.5 million in investment to support the advancement of The Sandbox.
In an interview in 2022, Borget revealed that The Sandbox has spent the last four years designing a virtual world with various enabling infrastructures. As the COO, he steered the project’s partnership with security solution provider Ledger Enterprise in April 2023. The collaboration enables partners of the metaverse platform to migrate their NFTs to the Ledger wallet.
Likewise, Ledger Enterprise also integrated The Sandbox as a DApp. With this, the firm dedicated a widget for the metaverse platform on its desktop application. More so, the deal between the two also involved a collaborative marketing effort. The Sandbox was expected to consistently recommend Ledger Enterprise to its LAND holders. In return, Ledger would also encourage its clients to use the metaverse platform.
Around July 2023, The Sandbox made major headlines after the United Kingdom’s Financial Conduct Authority (FCA) ventured into the metaverse world through its network. The same month, Borget oversaw the collaboration of The Sandbox with the British Museum. The partnership emanated so as to create “immersive experiences” for users to learn more about world history. More so, the collaboration ushered the historic museum into the metaverse space. With this, some selected collections from the museum were made available for interested persons to generate as virtual collectibles.
Immerse yourself in a world of history, art, and culture of the @britishmuseum 🇬🇧 as digital collectibles and metaverse experiences…inside The Sandbox!
In collaboration with @LaCollectionOffhttps://t.co/ksihwcbUFf
— The Sandbox (@TheSandboxGame) July 27, 2023
A month later, The Sandbox incorporated a KYC verification feature for its staking process. It took the drastic step to enhance user security and compliance. As revealed, only verified users are now allowed to participate in the staking program. On August 14, 2023, it unlocked about 332 million SAND tokens worth $133 million. The tokens represent about 16% of the total SAND in circulation. The unlocking of the tokens manifested as a result of the platform’s schedule to inject more SAND into circulation.
Borget’s Advocacy For Open Metaverse
During an interview around February 2023, Borget called for the development of an open metaverse. In his submission, he emphasized the need for a more decentralized approach to the Virtual Reality world. His position is that the move by Web2 firms to venture into the metaverse could threaten its decentralized posture.
However, he is optimistic that the blockchain and Web3 tech will support the posture of the metaverse to be community-driven and more accessible for all. With this, Borget said content creators would enjoy the freedom to design various initiatives without limitations.
Is Sebastien Borget Pro Crypto?
Sebastien Borget is an indisputable leader in the crypto, NFT, and blockchain arena. Since his first exposure to blockchain, he has been spearheading its mass adoption in smart contracts and NFT in-game items. Borget strongly believes widespread awareness about blockchain, NFT, and crypto is crucial to facilitate its full usage in the gaming world. Therefore, he has been gracing several events and conferences to evangelize blockchain, metaverse, NFTs, and more.
I always learn a lot when I’m talking about Metaverse, Blockchain and Web3 in front of 7 to 77+ years old audiences.
It’s an enriching exercise that reminds us all that less than 1% yet are familiar with what will impact the future of our digital activities.#Education #NFT pic.twitter.com/Sbd9M0fR15
— Sebastien 🏞 (@borgetsebastien) April 21, 2023
In his recent appearance at the 2023 Blockchain Week, the Sandbox co-founder acknowledged the massive rise in the number of “digital natives,” and thus stressed the need for governments to recognize digital assets, including cryptocurrencies and NFTs as legitimate properties. Digital natives represent people with a profound understanding of digital technology. Over the past few years, a good number of these individuals have adopted the metaverse to stimulate their engagements in the virtual world.
Borget argued that the huge shift in the digital environment portrays the importance of a future that values digital assets. He described innovations in the digital arena, particularly the Metaverse as a veritable tool for societal change and optimal inclusivity.
“All of them were lacking one thing. That one thing is the very definition of what we believe a metaverse is and should be. A myriad of virtual worlds users can navigate through with an avatar, which is the representation of themselves, and which becomes their new digital identity. I believe that within 2 or 3 years, a large part of real world activities will come into the metaverse and will be augmented through technology… Some will focus on the web, some will be niches, some others will focus on entertainment, some on user-generated content (like The Sandbox), others will only be work related.”
Meanwhile, Borget has been executing his vision for the digital space with The Sandbox. As its co-founder, he has continued to tap into the potential of gamification, blockchain, and AI to come up with numerous mobile products, including games like Crazy Kings. Therefore, it was not surprising that he became the president of the Blockchain Game Alliance (BGA in 2020). According to the former president of the group Manol Butgel, Borget’s consistent advocacy for a blockchain-inspired gaming ecosystem earned him the position. Since his emergence, The Sandbox co-founder has been living up to expectations, recruiting other leaders in the blockchain gaming world to spread the gospel of the tech.
In June 2023 during a conference, Borget responded to the United States Securities and Exchange Commission’s listing of the SAND as an unregistered securities. The French entrepreneur’s reaction emanated owing to the SEC lawsuit against Binance and Coinbase for offering unregistered securities.
In the lawsuit, the regulator identified SAND and other cryptocurrencies like SOL, ADA, AXS, MATIC, and MANA as unregistered tokens. While speaking at the Non-Fungible Conference (NFC) in Lisbon, the COO said the SEC was wrong to have identified SAND as a security.
He said, “We are obviously aware of the litigation advanced against Binance and Coinbase in the U.S. from the SEC. We do not necessarily agree with the characterization that’s been put in that litigation, including the qualification of SAND as a security there.”
Borget also clarified that the Sandbox team is not a respondent in the lawsuit despite the classification of its native token as a security.
Crypto and NFT Holdings of Sebastien Borget
Sebastien Borget has a crypto portfolio but has chosen to conceal information about it. However, there are indications that he holds Bitcoin and Ethereum due to his bullish views about these assets on Twitter. Borget’s admiration for the two leading cryptocurrencies by market cap knows no bounds.
A few years ago, he confirmed his kids’ exposure to the assets. Although the Sandbox co-founder has yet to publicly confirm his crypto holdings, there is no doubt that he has personal investments in Bitcoin. Meanwhile, you can check our list to learn more about other well-known Bitcoin investors.
My 4 and 1 years old are already using Bitcoin and Ethereum and Non-Fungible Tokens #NFTs 😁 #CryptoCollectibles @CryptoKaijuIO pic.twitter.com/nvO22emmdc
— Sebastien 🏞 (@borgetsebastien) August 17, 2019
Borget is also an NFT bull and has, on numerous occasions added several collections to his portfolio. In 2021, he bought an NFT wine from the WiV company. He also owns different editions of Gucci NFTs.
Just bought my first #NFT Wine from @wivteam on @NetworkArkane marketplace. Obvious choice as it was an Argentinean wine.https://t.co/7PvggBOvVI
Next step – how do I can it shipped to me 🙂 pic.twitter.com/HYlBq6o3zY
— Sebastien 🏞 (@borgetsebastien) May 13, 2021
Crypto and NFT Projects Featuring Sebastien Borget
As one of the major masterminds of the mainstream adoption of blockchain gaming, Borget has continued to attract recognition from projects in the industry. Recently, he was featured in the list of “100 most influential personalities in crypto and blockchain” by a prominent news media. Borget’s appearance in this list was minted as an NFT on OpenSea.
Just like other leaders in the blockchain space, Borget will also be featured by Wall Street Memes soon. This project is well-known for its humorous memes and strong movement on social media. Since its launch, it has continued to use animated memes to convey market trends, innovations, and realities in a relaxed way. Therefore, many of its daily social media memes have covered innovative endeavors of “top guns” in the industry including Elon Musk and Changpeng Zhao.
Throwback from 13 years ago when @elonmusk said to inverse Jim Cramer 😭 pic.twitter.com/xn4wQ1GUJu
— Wall Street Memes (@wallstmemes) April 22, 2023
Wall Street Memes has cemented itself as one of the strongest movements on social media, courtesy of the activities of its over one million supporters. The movement is now being tokenized with the launch of $WSM as the native token of the project. Although the presale of this meme coin is still in progress, over $26 million has already been raised.
With this unprecedented success, the token sale has registered its name among the biggest crypto presales in the crypto town. Savvy investors are racing to get involved before it is listed on tier-1 centralized exchanges in September. Just like Doge and Pepe, experts are tipping $WSM to become the next cryptocurrency to dominate the market.
You can visit wallstmemes.com to buy $WSM.
Sebastien Borget’s Net Worth – Our Verdict
With over a decade of experience in the industry, Borget’s ability to develop unique and immersive games has distinguished him from his contemporaries. Most of his gaming innovations including The Sandbox, Little Big Planet, and Little Big Planet have creative designs and innovative gameplay. Meanwhile, as the president of BGA, Borget is fully committed to advancing the use of blockchain tech.
In early 2023, he contributed to a $75 million fundraising initiative of the Blockchain Founders Fund. The funds would be harnessed to raise awareness about Web3 and blockchain. Prominent companies like Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital and Metavest Capital also contributed to the initiative.
Sebastien Borget has a nine-figure net worth, courtesy of his shares in Animoca Brands and the success of The Sandbox. Also, his immense endeavors in the development of other gaming projects have also contributed to his financial standing.
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What’s Sebastien Borget’s role with The Sandbox?
Sebastien Borget is the co-founder and Chief Operating Officer of the project.
What’s the 2023 net worth of Sebastien Borget?
The 2023 net worth of Sebastien Borget is estimated to be around $100 million.
What’s the full meaning of BGA?
BGA means Blockchain Gaming Alliance.