Animoca Brands Corporation Ltd subsidiary The Sandbox has partnered with Hong Kong-based PCCW and HKT, becoming the first Hong Kong-based integrated communications, media and technology (CMT) organisation to join the metaverse.
As part of their foray into the metaverse, the partners are set to launch the world’s first virtual 5G mobile network on the metaverse which will transform traditional film, TV and music content into a Web3-enabled new form of entertainment.
As Hong Kong market leaders, PCCW and HKT will introduce more new-age financial and health technologies, plus e-commerce solutions, to build a fascinating virtual 'metacommunity' that will deliver an entirely new 5G-enabled entertainment experience.
“Shaping the future”
Animoca Brands president Evan Auyang said: “We are proud to welcome PCCW and HKT into The Sandbox.
“It is an honour to have the opportunity to collaborate with the region’s pillars of technology and pioneering vision, and we look forward to a powerful and productive partnership that will be great for both Hong Kong and the open metaverse.”
Also commenting on the partnership. The Sandbox COO and co-founder Sebastien Borget said: “We’re excited to see PCCW and HKT enter the metaverse and educate their large 5G and broadband userbase on the innovations from NFT ownership and Web3 gaming.
“The heart of Mega City's neighbourhood is a vibrant cultural hub where PCCW and HKT can bring more talent, players and content, shaping the future of the open decentralised platform together.”
New business opportunities
The Sandbox aims to constitute major contributions to Hong Kong’s future as a world centre of technological innovation, boosting its competitiveness and creating long-term value
Notably, The collaboration with The Sandbox enables PCCW and HKT to explore new business opportunities by developing novel services.
PCCW acting group managing director and HKT group managing director Susanna Huo said: “PCCW and HKT are constantly making breakthroughs to remain at the global forefront of innovative technology applications.
“We are pleased to partner with The Sandbox to enter the metaverse and explore Web3, where we can seize the boundless opportunities manifesting in different aspects of our daily lives.”