Animoca Brands Corporation Ltd subsidiary The Sandbox has warmly welcomed PwC Hong Kong into the metaverse after the professional services network acquired a LAND site in The Sandbox metaverse.
The company has, therefore, become the first of the PwC global network and the first internationally recognised professional services network to publicly join The Sandbox.
PricewaterhouseCoopers is a multinational professional services network of firms, operating as partnerships under the PwC brand.
PwC ranks as the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG. It constitutes a global network of firms in 156 countries with more than 295,000 people delivering assurance, advisory and tax services.
“Introducing new ways to engage”
PwC Hong Kong partner William Gee commented: “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.
“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.”
Recently featured as a metaverse pioneer by the Wall Street Journal and CNBC, The Sandbox is a metaverse where users can create and monetise their own distinct worlds and game experiences on LANDs, which are non-fungible tokens (NFTs) that represent virtual real estate in The Sandbox.
The Sandbox has already partnered with such varied entities as Snoop Dog, The Walking Dead, Adidas, South China Morning Post and Care Bears, alongside many more.
Melding of metaverse and networking
The Sandbox chief operating officer Sebastien Borget said: "The metaverse is open for business. 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."
Professional services firms such as PwC Hong Kong may play a valuable role in the growth of the open metaverse, particularly by helping to build an ecosystem where companies and brands that may be less familiar with Web 3.0 can get the advice they need to explore the new and exciting opportunities created by this technology.
About Animoca Brands
Animoca Brands is a leader in digital entertainment, blockchain and gamification that is driving digital property rights via NFTs and gaming to help build the open metaverse.
It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games and products utilising hundreds of popular intellectual properties.
The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl and Lympo.
Animoca Brands has a growing portfolio of more than 150 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Bitski, Harmony, Alien Worlds, Star Atlas and others.