NFT games operator Animoca Brands reported that the consulting company PwC Hong Kong acquired a piece of virtual land on The Sandbox platform. The SAND project token reacted with an increase of almost 9% within an hour.
At time of writing, SAND is trading near $ 5.82.
Animoca Brands did not specify which plot of land the company acquired and for what amount.
According to DappRadar, over the past 30 days, about 4500 users have used The Sandbox. According to Opensea, over the past three months, the average price of a plot of land on the platform was ~ 2.45 ETH ($ 9665 at the current exchange rate).
“The metaverse offers organizations opportunities to create value through innovative business models and new ways to interact with customers and the community. We will use our experience to advise clients wishing to dive into the metaverse on a full range of potential issues, ”said PwC Hong Kong partner William Gee.
PwC Hong Kong is part of the international network of PricewaterhouseCoopers International Limited, 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 a 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 that is friendly to brands that are new to the Web 3.0 concept.
As a reminder, since the beginning of 2021, Animoca Brands has generated approximately $ 529.6 million in revenue.
