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Key Takeaways
PwC Hong Kong has bought digital land in The Sandbox, an Ethereum-based VR and Metaverse platform.
The corporate joins Adidas and different main manufacturers in buying land and partnering with The Sandbox.
The worth of the acquisition was not disclosed.
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PwC Hong Kong has bought digital land in The Sandbox, based on an announcement from Animoca Manufacturers.PwC Hong Kong Buys Sandbox LandThe acquisition of land implies that PwC Hong Kong may have a devoted area in The Sandbox, a VR recreation constructed on Ethereum.William Gee of PwC Hong Kong stated that the acquisition will “create worth by means of progressive enterprise fashions” and introduce “new methods to interact with…clients and communities.”It’s unclear precisely how PwC Hong Kong plans to make use of its presence in The Sandbox, although Gee stated that the corporate plans to advise shoppers who wish to put money into the Metaverse.
Animoca Manufacturers famous that this deal makes PwC Hong Kong the primary member of a global skilled providers firm to acquire land within the digital world of The Sandbox.The worth of at present’s buy was not disclosed. Nevertheless, previous gross sales of single land parcels recommend that the acquisition may vary between 2.7 ETH ($11,300) and 40,000 ETH ($164 million).Different PartnershipsOther companies have beforehand purchased land in The Sandbox. Adidas bought land within the VR recreation in late November.The platform has additionally partnered with a number of massive names together with The Strolling Lifeless, Atari, South China Morning Submit, and Snoop Dogg, in addition to household manufacturers The Care Bears and The Smurfs.The Sandbox’s non-fungible tokens, that are used as parcels of land, are presently the sixth-largest class of NFTs by quantity. The mission noticed 4,280 ETH ($17.5 million) of NFTs transfer this week, based on dwell information from OpenSea.The Sandbox’s native cryptocurrency token, SAND, hit $6.13 at present, its highest worth since final month. On the time of writing the coin is up 16.7% over the previous 24 hours and is valued at $6.09.Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and different cryptocurrencies.
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