PricewaterhouseCoopers Hong Kong, an international subsidiary of PricewaterhouseCoopers (PwC) global organization, announced on Thursday that it has emerged in the meta-festival space by acquiring LAND in the popular world The Sandbox.

Although the cost of its LAND assets has not been disclosed, it was pointed out that PricewaterhouseCoopers Hong Kong intends to build a Web 3.0 consulting center to promote a new generation of professional services, including accounting and taxation.

PricewaterhouseCoopers (PwC), a global organization headquartered in London, UK, recorded revenue of US$45 billion from June 2020 to June 2021, an increase of 2% over the previous year.

William Gee, a partner at PricewaterhouseCoopers in Hong Kong, said the organization will seek to “use our expertise to advise clients,” calling this emerging technology a “digital phenomenon.”

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In July of this year, PwC cryptocurrency leader Henri Arslanian stated that venture capital funds and similar conglomerates with large financial resources are reducing investment in smaller, usually family-run companies and participation in promising cryptocurrency startups. Opportunity for development. recent, Twitter CEO Jack Dorsey Similar concerns were expressed about the power of venture capital firms to prevent Web 3.0 developers from realizing their vision of decentralization.

Sebastien Borget, COO of The Sandbox, shared his passion for bringing PwC Hong Kong to the platform:

“Metaverse is now open. We welcome PwC Hong Kong to experience how The Sandbox cultivates a new immersive experience and how the brand connects with customers.”

according to data Sandbox from DappRadar has registered 4,450 unique users in the past 30 days, and the price of the platform’s native token SAND is $5.84, which has dropped by nearly 30% from last month’s all-time high.