Accounting Firm PWC’s Hong Kong Branch Purchases Land in The Sandbox Metaverse

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 providers model to enter The Sandbox metaverse.

PWC Hong Kong Enters the Metaverse

While land positioned subsequent to Snoop Dogg’s Sandbox plot has sold for lots of money and different corporations 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 providers community of corporations positioned in 156 international locations. The firm is also known as one of many Big Four accounting corporations 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 providers.

The announcement on December 23 says that the land in The Sandbox was particularly acquired by PWC Hong Kong. William Gee, a associate at PWC Hong Kong, commented concerning the land buy and the metaverse on the whole on Thursday.

“The metaverse gives new potentialities for organisations to create worth by means of revolutionary enterprise fashions, in addition to introducing new methods to have interaction with their clients and communities,” Gee remarked. The PWC Hong Kong government added:

We will leverage our experience to advise purchasers who want to embrace the metaverse on the complete vary of challenges offered by this rising international 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 kinds of non-fungible token (NFT) belongings, has been in style over the last yr. The Sandbox’s native digital asset SAND is up 11% over the last 30 days and 11,714% over the course of the final yr. The blockchain-based metaverse recreation additionally secured an investment of $93 million in the course of the first week of November in a financing spherical led by Softbank’s Vision Fund 2.

Regarding the PWC land acquisition, The Sandbox says “skilled providers corporations comparable to PWC Hong Kong can play a useful position within the progress of the open metaverse.” Specifically, the announcement explains that PWC may help “manufacturers that could be much less conversant in 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 enterprise,” Borget elaborated in an announcement regarding PWC Hong Kong’s land acquisition within the metaverse. “We welcome PWC Hong Kong to expertise how The Sandbox fosters new immersive experiences and methods for manufacturers to attach with clients. It’s an thrilling time – and PWC is on the forefront of this rising frontier.”

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