PwC Hong Kong, an international subsidiary of the enterprise. Global PricewaterhouseCoopers (PwC) announced on Thursday it has entered the metaverse space with the acquisition of land (LAND) in popular project The Sandbox.
Although the cost of the LAND property is not disclosed. But it is worth noting that PwC Hong Kong intends to build a Web 3.0 consulting hub to facilitate the next generation of professional services. including accounting and taxation
PwC is a global organization headquartered in London. The UK had revenues of $45 billion from June 2020 to June 2021, a 2% increase from the previous year.
William Gee, a partner at PwC Hong Kong, said the organization will try to “Take advantage of our expertise in mentoring customers” in the metaverse, calling the burgeoning technology the “Digital Phenomenon”
In July of this year, PwC crypto lead Henri Arslanian said venture capital funds and similar conglomerates with large financial resources are limiting opportunities for smaller firms to invest and participate in cryptocurrencies. Growing crypto startups that are likely to grow in the future. Recently, Twitter CEO Jack Dorsey raised similar concerns about the power of venture capital firms to prevent Web 3.0 developers from fulfilling their decentralized vision.
The Sandbox Chief Operating Officer Sebastien Borget shared about PwC Hong Kong’s entry into the platform:
“Metaverse is open to business. We welcome PwC Hong Kong to experience where The Sandbox will foster immersive experiences and new ways for brands to connect with their customers.”
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