Accounting Firm PWC’s Hong Kong Branch Purchases Land in The Sandbox Metaverse – Blockchain Bitcoin News

On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. The first internationally recognized professional service brand will enter The Sandbox metaverse with the PWC Hong Kong Branch.

PWC Hong Kong Joins the Metaverse

While land located next to Snoop Dogg’s Sandbox plot has sold for lots of money and other firms like Atari have purchased Sandbox property, now major accounting firm PWC’s Hong Kong branch has also purchased metaverse land in The Sandbox virtual world.

PWC, a multi-national network of professional service firms in 156 nations, is multinational. It is one of four Big Four accounting firms, along with EY, KPMG and Deloitte. PWC’s Hong Kong branch has been into blockchain technology and crypto assets for quite some time and in November 2017, the office revealed it accepted bitcoin payments for consultancy services.

The Sandbox land purchased specifically by PWC Hong Kong was announced on December 23. William Gee (partner at PWC Hong Kong) commented on the purchase of the land and general aspects of the metaverse 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. Executive at PWC Hong Kong added:

Our expertise will be used to assist clients who want to take advantage of the emerging digital metaverse.

‘The Metaverse Is Open for Business’ — The Sandbox Team Believes PWC Can Help ‘Brands That May Be Less Familiar With Web3’

Popular during the past year has been Sandbox’s virtual blockchain game. It features land as well as other non-fungible token assets (NFT). The Sandbox’s native digital asset SAND is up 11% during the last 30 days and 11,714% over the course of the last year. The blockchain-based metaverse game also secured an investment of $93 million during the first week of November in a financing round 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 can help “brands that may be less familiar with Web3.” Sebastien Borget, COO of The Sandbox believes the Big Four accounting firm is at the forefront of this innovation.

“The metaverse is open for business,” Borget elaborated in a statement concerning 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.”

This story contains tags
Atari, Big Four, Big Four accounting firm, 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, Softbank’s Vision Fund 2, The Sandbox, The Sandbox metaverse, The Sandbox virtual world, William Gee

How do you feel about PWC Hong Kong, an accounting company, acquiring land within The Sandbox metaverse. Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at News is Jamie Redman. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for News, with over 5,000 articles on disruptive protocols.

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