HSBC, a British banking organization with little-to-no positive words and approach to the cryptocurrency industry until recently, will collaborate with The Sandbox to foray into the metaverse.
The announcement from the Animoca Brands subsidiary informed that the new partnership will allow the banking giant to “open up a host of opportunities for virtual communities across the world to engage with global financial services providers and sports communities in The Sandbox metaverse.”
HSBC will purchase virtual real estate in the metaverse in the form of LAND. It will use it to connect and engage with sports, esports, and gaming enthusiasts, reads the statement. Speaking on the matter was HSBC’s Chief Marketing Officer for the Asian-Pacific region:
“The metaverse is how people will experience Web3, the next generation of the Internet – using immersive technologies like augmented reality, virtual reality, and extended reality. Through our partnership with The Sandbox, we are mak
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