Hong Kong accounting agency PWC is buying land in The Sandbox Metaverse

Advertisements

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. “

Tags in this story

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.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.

More popular news

In case you missed it

USDC

USDC sees native launch on Avalanche

USDC, the second largest stablecoin by market capitalization, was introduced as a native token on the Avalanche blockchain. Previously, users who wanted to get USDC in Avalanche had to bridge it through Ethereum. Well, Circle, the issuer of usd coins … Read More


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Bitcoin: The Ignition Of A Scientific Revolution Bitcoin

Bitcoin: The Ignition Of A Scientific Revolution

It is a rare event for humanity to experience a change in worldview. You...

By wpadminsonic164
Veteran dealer Peter Brandt shares “Sacred Buying and selling Rule” when Bitcoin falls and warns in opposition to shopping for the dip Bitcoin

Veteran dealer Peter Brandt shares “Sacred Buying and selling Rule” when Bitcoin falls and warns in opposition to shopping for the dip

Veteran trader Peter Brandt shared "a sacred trading rule" that he uses in response...

By wpadminsonic164
Ukraine Legalizes Bitcoin Bitcoin

Ukraine Legalizes Bitcoin

Bitcoin is now legal in Ukraine as its parliament approved in final reading a...

By wpadminsonic164
‘Save Your Pores and skin’ From Inflation With BTC, The Nice Financial Shift, and SHIB Burns — Bitcoin.com Information Week in Overview Bitcoin

‘Save Your Pores and skin’ From Inflation With BTC, The Nice Financial Shift, and SHIB Burns — Bitcoin.com Information Week in Overview

Another spicy week of crypto news heads into the weekend, with Mexico's third-richest billionaire...

By wpadminsonic164
Bitcoin-Backed Mortgages And Pristine Collateral Mentioned At Bitcoin 2022 Bitcoin

Bitcoin-Backed Mortgages And Pristine Collateral Mentioned At Bitcoin 2022

Bitcoin 2022 hosted a panel at the Enterprise Stage on the use of bitcoin...

By wpadminsonic164
Doge Day Then and Now: Lackluster Buzz as Dogecoin’s Worth Is 65% Decrease Than Final Yr Bitcoin

Doge Day Then and Now: Lackluster Buzz as Dogecoin’s Worth Is 65% Decrease Than Final Yr

While April 20 or 420 is synonymous with cannabis culture, the day is also...

By wpadminsonic164
European Commission Has ‘Genuine Doubts’ About Markets in Crypto Assets Draft, Report Reveals Bitcoin

European Commission Has ‘Genuine Doubts’ About Markets in Crypto Assets Draft, Report Reveals

The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently...

By wpadminsonic164
Africa now has the most important quantity of Bitcoin peer-to-peer buying and selling on the planet Bitcoin

Africa now has the most important quantity of Bitcoin peer-to-peer buying and selling on the planet

According to data from the analysis platform UsefulTulips, Africa has developed into the continent...

By wpadminsonic164

Latest Posts

PrivaCrip to Energy a Blockchain Community That Might Comply with Cardano & XRP – ZyCrypto Cardano

PrivaCrip to Energy a Blockchain Community That Might Comply with Cardano & XRP – ZyCrypto

Advertisement     When the first decentralized blockchain was popularized in 2008 by Satoshi...

By wpadminsonic164
Crypto information immediately | Shiba inu coin information immediately | Crypto market crash immediately | luna crypto coin information Videos

Crypto information immediately | Shiba inu coin information immediately | Crypto market crash immediately | luna crypto coin information

19/07/2022| Cryptocurrency news today | Crypto news today | Crypto market crash today |...

By wpadminsonic164
Rachel Stevens rocks Kate Middleton-style gown and we adore it – HELLO! Polkadot

Rachel Stevens rocks Kate Middleton-style gown and we adore it – HELLO!

August 09, 2022 - 11:50 BST Sophia Bates Rachel Stevens wowed her followers in...

By wpadminsonic164
Stellar XLM’s worth lags behind whereas Chronoly.io golden run continues – TechCabal Stellar

Stellar XLM’s worth lags behind whereas Chronoly.io golden run continues – TechCabal

The last few months have been nightmarish for cryptocurrency markets as investors went on...

By wpadminsonic164
Binance

With Tegro, WazirX founder is making it straightforward to purchase and promote blockchain sport belongings – YourStory

In 2021, as the crypto market boomed, millions of retail investors made their first...

By wpadminsonic164
Cryptocurrencies Value Prediction: Tezos, Ripple and Dogecoin – European Wrap 9 August – FXStreet Dogecoin

Cryptocurrencies Value Prediction: Tezos, Ripple and Dogecoin – European Wrap 9 August – FXStreet

Tezos (XTZ) price action is printing a staggering performance in just a slim two...

By wpadminsonic164
Uniglo (GLO), Bitcoin (BTC), And Cardano (ADA) Holders Are Ready Anxiously For October.  What’s Going On?  – Crypto mode Cardano

Uniglo (GLO), Bitcoin (BTC), And Cardano (ADA) Holders Are Ready Anxiously For October. What’s Going On? – Crypto mode

The G20 will present a regulatory framework for cryptocurrencies in October this year. Regulations...

By wpadminsonic164
FED Deploys The WORST CRYPTO Regulatory Ban YET Videos

FED Deploys The WORST CRYPTO Regulatory Ban YET

In your nightly crypto news wrap-up, we bring you the top crypto stories. A...

By wpadminsonic164