Home News PwC Hong Kong acquired a plot of LAND

PwC Hong Kong acquired a plot of LAND

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Hong Kong-based game software company Animoca Brands announced that the consulting company PwC Hong Kong has acquired a plot of virtual land on The Sandbox platform.

Thus, the SAND project token reacted with an increase of 23.3% within 24 hours. Moreover, at the time of writing, SAND is trading near $6.3.

Furthermore, Animoca Brands did not specify which plot of land the company acquired and for what amount. According to DappRadar, about 4,400 users have used The Sandbox application over the past 30 days. According to OpenSea, over the past three months, the average price of a plot of land on the platform was ~2.51 ETH ($10,306 at the current exchange rate).

Embracing the Metaverse on the full range of challenges

“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. We will leverage our expertise to advise clients who wish to embrace the Metaverse on the full range of challenges presented by this emerging global digital phenomenon”. Said Partner at PwC Hong Kong, William Gee.

In addition, PwC Hong Kong is part of the PricewaterhouseCoopers international network. Which is present in 156 countries around the world. According to the press release, the acquisition was made on behalf of a specific organization, not the parent structure.

Animoca Brands believes that companies like PwC Hong Kong can play an important role in the development of the open metaverse. In particular, they will help create an ecosystem friendly to brands; that are not familiar with the concept of Web 3.0.

Animoca Brands’ revenue has amounted to about 530M

Recall that since the beginning of 2021, Animoca Brands’ revenue has amounted to approximately $529.6 million.

The company’s reserves in liquid digital assets, including Bitcoin (BTC), Ethereum ETH and USD Coin (USDC); exceeded $600 million, said Yat Siu, founder and chairman and of Animoca Brands.

According to him, financial success was the result of successful investments in NFT-oriented and metaverse projects. The Sandbox, a gaming platform owned by the company, launched an alpha version of the metaverse in November. Furthermore, the project demonstrates record sales, Siu noted.

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