Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. PWC Hong Kong will be the first international professional services brand to enter The Sandbox metaverse.
Pricewaterhouse Coopers’ Hong Kong Enters the Metaverse
While land adjacent to Snoop Dogg’s Sandbox plot has sold for a high price and other companies such as Atari have purchased Sandbox property. PWC’s Hong Kong branch has recently purchased metaverse land in The Sandbox virtual world.
Pricewaterhouse Coopers’ is a global network of professional services organizations with offices in 156 countries. Along with EY, KPMG, and Deloitte, the firm is known as one of the Big Four accounting firms. PWC’s Hong Kong office has long been interested in blockchain technology and crypto assets. In addition in November 2017, the office announced that it now accepts bitcoin payments for consulting services.
PWC Hong Kong purchased land in The Sandbox on December 23. On Thursday, William Gee, a partner at PWC Hong Kong, discussed the land purchase and the metaverse in general.
“The metaverse opens up new opportunities for businesses to create value through novel business models and new ways to engage with their consumers and communities,” Gee said.
The Sandbox Team Believes PWC Can Help ‘Brands That May Be Less Familiar With Web3’
During the previous year, the Sandbox virtual blockchain game. Which includes land and other non-fungible token (NFT) assets, has been increasingly popular. SAND, the Sandbox’s original digital asset, has increased by 11% in the last 30 days and by 11,714 percent in the last year.
The blockchain-based metaverse game also received $93 million in a fundraising round led by Softbank’s Vision Fund 2 in the first week of November.
“Professional services organizations like PWC Hong Kong can play a key role in the creation of the open metaverse”. The Sandbox states of the PWC property acquisition.
Pricewaterhouse Coopers’ can assist “companies that may be less familiar with Web3,” according to the statement. The Sandbox’s COO, Sebastien Borget, feels that the Big Four accounting firms are at the forefront of this innovation.
“The metaverse is available for business,” Borget said in a statement on PWC Hong Kong’s metaverse land acquisition. “We’re delighted to invite PWC Hong Kong to The Sandbox to see how it develops new immersive experiences. And ways for companies to connect with customers”. It’s an exciting time, and PWC is leading the way in this new frontier.”