PwC Hong Kong buys land in the sandbox

PwC Hong Kong, An international subsidiary of the global organization PricewaterhouseCoopers (PwC) announced on Thursday its appearance in the Metaverse room with the takeover of LAND in the popular world The Sandbox.

Although the cost of the LAND asset has not been disclosed, it has been determined that PwC Hong Kong intends to establish a Web 3.0 advisory center to enable a new generation of professional services, including accounting and taxation.

Global company PwC, headquartered in London, United Kingdom, achieved sales of 45 billion US dollars from June 2020 to June 2021, 2% more than the previous year.

PwC Hong Kong buys land in the sandbox
PwC Hong Kong buys land in the sandbox

William Gee, Partner at PwC Hong Kong, stated that the organization would try “to use its expertise to advise clients” on the metaverse, calling the burgeoning technology a “digital phenomenon”.

In July of this year, PwC’s cryptocurrency leader Henri Arslanian said that venture capital funds and similar conglomerates with large financial resources are reducing the opportunities for smaller, often family-owned companies to invest and participate in the growth of startups. Recently, Twitter CEO Jack Dorsey raised similar concerns about the power of venture capital firms to prevent Web 3.0 developers from realizing their decentralized vision.

Sandbox COO Sebastien Borget shared his excitement about bringing PwC Hong Kong to the platform:

“The Metaverse is open to business. We welcome PwC Hong Kong to see how The Sandbox is fueling new immersive experiences and ways for brands to connect with customers. “

According to data from DappRadar, The sandbox has logged 4,450 unique users in the past 30 days, while the platform’s native token, SAND, is at $ 5.84, down nearly 30% from last month’s all-time highs.

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