PWC Hong Kong Unit Debuts into Metaverse as It Acquires Land in The Sandbox 

| Updated
by Ibukun Ogundare · 3 min read
PWC Hong Kong Unit Debuts into Metaverse as It Acquires Land in The Sandbox 
Photo: Depositphotos

Currently, there are no details on the cost of PWC Hong Kong land in The Sandbox virtual world. However, reports said that the Hong Kong branch is planning to build a Web 3.0 advisory hub.

An international branch of PricewaterhouseCoopers, PWC Hong Kong, has become the first globally recognized professional services brand to debut into The Sandbox metaverse. On the 23rd of December, the unit announced land acquisition in The Sandbox Metaverse. The Hong Kong branch has been exploring blockchain technology for over some time. Back in November 2017, the unit said that it had started accepting Bitcoin as a form of payment for its consultancy services.

Data from DappRadar revealed that The Sandbox had registered 4,450 unique users in the last 30 days. Also, the platform’s native token, SAND, is currently trading at $6.11.

PWC is a global brand specializing in the professional services network of firms. The company is often referred to as one of the big four accounting firms. The other three in this category include Deloitte, EY, and KPMG. Ahead of PWC, Atari has also purchased its Sandbox plot. Popular American rapper Snoop Dog has a Sandbox property, and land located next to the property has sold for a lot of money.

PWC Hong Kong Purchases Land in The Sandbox Metaverse

Currently, there are no details on the cost of PWC Hong Kong land in The Sandbox virtual world. However, reports said that the Hong Kong branch is planning to build a Web 3.0 advisory hub. Per the report, this will promote a new generation of professional services, including accounting and taxation. Between June 2020 and June 2021, the global organization recorded revenue of $45 billion. This was a 2% jump from revenue in the previous year.

A partner at PWC Hong Kong, William Gee, commented on the acquisition of the metaverse in The Sandbox virtual world. Gee said that the company will “leverage” its expertise in advising clients that want to embrace the metaverse “on the full range of challenges presented by this emerging global digital phenomenon.”

The executive stated:

“The metaverse offers new possibilities for organizations to create value through innovative business models, as well as introducing new ways to engage with their customers and communities.”

Also, The Sandbox team is happy to receive PWC as the company emerges into the virtual world. The Sandbox chief operating officer, Sebastien Borget, stated that the metaverse is “open for business.”

He continued by welcoming the Hong Kong branch:

“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.”

Furthermore, The Sandbox added that professional services firms like PWC Hong Kong could play valuable roles that will facilitate the growth of the open metaverse. According to The Sandbox, the Hong Kong branch can help “brands that may be less familiar with Web3.”

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Ibukun Ogundare

Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.

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