The Sandbox, a trending metaverse owned by Animoca Brands, is announcing the arrival of the suits, in this case, consulting company PwC Hong Kong.
The Sandbox team announced on Thursday that a business consulting firm had purchased some LAND, which is virtual real estate represented as an NFT. A spokesman from PwC Hong Kong refused to specify which plot the firm purchased or how much it paid for it. According to blockchain data, LAND has been selling for around $10,000 per pop in recent sales.
Brands ranging from Nike to Facebook are joining hands with PwC in what some view as the inevitable next stage in the evolution of being Very Online. It’s half an experiment, part forward-thinking business strategy for the consulting firm.
As TheCoinRise reported, Animoca Brands informed recently that its treasury has surged by 500% in just two months, thanks to The Sandbox.
PwC Hong Kong Partner William Gee commented, “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. He added that, “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.”
The Sandbox all set to rule the market
Despite the buzz, metaverses remain extremely tiny in user numbers. The Sandbox has only received 4,500 users (or unique wallet addresses engaging with the decentralized application(dapp)) in the last 30 days, according to analytics site DappRadar.
That hasn’t stopped digital prospectors from setting up business in anticipation of the horde’s arrival. The Sandbox recently launched an Alpha version for some of the special users recently.
Sebastien Borget, COO of the Sandbox, said in a statement that the Metaverse is open for business. “We welcome PwC to experience how The Sandbox fosters new immersive experiences and ways for brands to connect with customers,” he added.
SAND, The Sandbox’s native token, has similarly ridden the tide of public interest, rising from around $0.8 before Facebook’s announcement to an all-time high of $8.40 on Nov. 25.