On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit introduced that it bought a land website in The Sandbox metaverse. The PWC Hong Kong department would be the first internationally acknowledged skilled companies model to enter The Sandbox metaverse.
PWC Hong Kong Enters the Metaverse
While land situated subsequent to Snoop Dogg’s Sandbox plot has offered for plenty of cash and different companies like Atari have bought Sandbox property, now main accounting agency PWC’s Hong Kong department has additionally bought metaverse land in The Sandbox digital world.
PWC is a multinational skilled companies community of companies situated in 156 nations. The firm is sometimes called one of many Big Four accounting companies alongside EY, KPMG, and Deloitte. PWC’s Hong Kong department has been into blockchain expertise and crypto belongings for fairly a while and in November 2017, the workplace revealed it accepted bitcoin funds for consultancy companies.
The announcement on December 23 says that the land in The Sandbox was particularly acquired by PWC Hong Kong. William Gee, a companion at PWC Hong Kong, commented concerning the land buy and the metaverse in common on Thursday.
“The metaverse offers new possibilities for organisations to create value through innovative business models, as well as introducing new ways to engage with their customers and communities,” Gee remarked. The PWC Hong Kong government added:
We will leverage our experience to advise shoppers who want to embrace the metaverse on the total vary of challenges introduced by this rising world digital phenomenon.
‘The Metaverse Is Open for Business’ — The Sandbox Team Believes PWC Can Help ‘Brands That May Be Less Familiar With Web3’
The Sandbox digital blockchain recreation, that options land and different forms of non-fungible token (NFT) belongings, has been in style over the past yr. The Sandbox’s native digital asset SAND is up 11% over the past 30 days and 11,714% over the course of the final yr. The blockchain-based metaverse recreation additionally secured an funding of $93 million throughout the first week of November in a financing spherical led by Softbank’s Vision Fund 2.
Regarding the PWC land acquisition, The Sandbox says “professional services firms such as PWC Hong Kong can play a valuable role in the growth of the open metaverse.” Specifically, the announcement explains that PWC will help “brands that may be less familiar with Web3.” Sebastien Borget, COO of The Sandbox believes the Big Four accounting agency is on the forefront of this innovation.
“The metaverse is open for business,” Borget elaborated in a press release regarding PWC Hong Kong’s land acquisition in the metaverse. “We welcome PWC Hong Kong to experience how The Sandbox fosters new immersive experiences and ways for brands to connect with customers. It’s an exciting time – and PWC is at the forefront of this emerging frontier.”
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