On Thursday, the Hong Kong unit of Pricewaterhouse Coopers (PWC) announced the purchase of a property in the sandbox metaverse. PWC’s Hong Kong office will be the first internationally recognized professional services brand to step into the sandbox metaverse.
PWC Hong Kong enters the Metaverse
While land next to Snoop Dogg’s sandbox property has been sold for a lot of money and other firms like Atari have bought sandbox properties, the Hong Kong branch of major accounting firm PWC has now also bought metaverse land in The Sandbox’s virtual world.
PWC is a multinational professional service network of companies in 156 countries. The company is often referred to as one of the Big Four accounting firms alongside EY, KPMG and Deloitte. PWC’s Hong Kong office has been involved in blockchain technology and crypto assets for some time, and in November 2017 the office announced it was accepting bitcoin payments for advisory services.
The December 23 announcement stated that the land in The Sandbox was specifically acquired by PWC Hong Kong. William Gee, a partner at PWC Hong Kong, commented on the land purchase and the metaverse in general on Thursday.
“The Metaverse offers companies new opportunities to create value through innovative business models and to introduce new ways of interacting with their customers and communities,” noted Gee. PWC Hong Kong’s Board of Directors added:
We will use our expertise to advise clients who wish to embrace the metaverse in the full range of challenges posed by this emerging global digital phenomenon.
“The Metaverse is open for business” – The Sandbox team believes PWC can “help brands that may be less familiar with Web3”
The virtual blockchain game Sandbox, which includes land and other types of non-fungible tokens (NFT), was popular last year. The sandbox’s native digital asset SAND is up 11% in the past 30 days and 11,714% over the past year. The blockchain-based Metaverse game also secured a $ 93 million investment in a funding round led by Softbanks Vision Fund 2 in the first week of November.
Regarding PWC’s land acquisition, The Sandbox said, “Professional service companies like PWC Hong Kong can play a valuable role in growing the open metaverse.” In particular, the announcement states that PWC “can help brands who may be less familiar with Web3 are”. Sebastien Borget, COO of The Sandbox, believes the Big Four accounting firm is at the forefront of this innovation.
“The Metaverse is open for trade,” Borget said in a statement on land acquisition by PWC Hong Kong in the Metaverse. “We welcome PWC Hong Kong to see how The Sandbox is promoting 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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Atari, Big Four, Big Four Wirtschaftsprüfungsgesellschaft, Blockchain, Land, Land Purchase, Metaverse, Native Token, nft, NFTs, Non-fungible Token, Non-fungible Token (NFT), Pricewaterhouse Coopers, PwC, PWC Accounting, PWC Consulting, PwC Hong Kong, SAND, Sébastien Borget, Snoop Dogg, Softbanks Vision Fund 2, The Sandbox, The Sandbox Metaverse, The Sandbox virtual world, William Gee
What do you think of accounting firm PWC Hong Kong acquiring land in the sandbox metaverse? Let us know what you think on this matter in the comments below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.
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